{"id":14232,"date":"2026-10-08T15:50:49","date_gmt":"2026-10-08T15:50:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14232"},"modified":"2026-10-08T15:50:49","modified_gmt":"2026-10-08T15:50:49","slug":"bitcoin-etfs-suffer-biggest-exodus-since-june-as-ethereum-withdrawals-hit-nine-month-high","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14232","title":{"rendered":"Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/crypto-etf-capital-drain.webp\" \/><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued to decline.<\/p>\n<p>Data from SoSoValue shows that the 12 listed US Bitcoin ETFs lost $484.9 million on Oct. 7, their largest single-day outflow since June 25. BlackRock&#8217;s iShares Bitcoin Trust (IBIT) led the withdrawals with $207.7 million, followed by Fidelity&#8217;s FBTC at $105.1 million and ARK 21Shares&#8217; ARKB at $101.7 million.<\/p>\n<p>Meanwhile, Ethereum ETFs recorded $160.9 million in withdrawals, bringing their five-session losses to $506.3 million, the largest since January.<\/p>\n<p>BlackRock&#8217;s ETHA accounted for $116.1 million of Wednesday&#8217;s redemptions, while Grayscale&#8217;s ETHE lost $25.8 million. The funds have now experienced seven consecutive trading sessions of outflows, totaling approximately $569 million.<\/p>\n<p>Together, the two ETF categories lost about $646 million on Wednesday as Bitcoin fell to its lowest daily close in the last 20 days, below $83,000, while Ethereum retreated toward $2,500 during the reporting period.<\/p>\n<p>Notably, the price action coincided with rising US Treasury yields, a stronger dollar, and elevated oil prices, adding to pressure on risk assets.<\/p>\n<h2 data-pm-slice=\"1 1 []\">ETF demand was weakening before the latest withdrawals<\/h2>\n<p>The latest withdrawals followed signs of weakening institutional demand that Bitfinex analysts had identified before Wednesday&#8217;s selloff.<\/p>\n<p>In an Oct. 7 report, the analysts noted that Bitcoin ETF flows had become increasingly uneven, with investment slowing sharply after the buying spree that supported September&#8217;s recovery.<\/p>\n<p>Daily inflows averaged $341.7 million during Bitcoin&#8217;s mid-September rally from $76,000 to $87,000. However, that figure fell to about $35 million per day over the five trading sessions through Oct. 6, totaling $172.9 million in cumulative net inflows.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining The Catalyst\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Catalyst <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">What\u2019s moving crypto. Why it matters.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Get CryptoSlate\u2019s essential stories and what to watch next.<\/p>\n<p>  <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" viewbox=\"0 0 16 16\" aria-hidden=\"true\" focusable=\"false\"> <path d=\"M15 3.604H1v1.891h14v-1.89ZM1 7.208V16l7-3.926L15 16V7.208zM15 0H1v1.89h14z\"\/> <\/svg> <span>Published on Substack<\/span> <\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Seven days a week. Unsubscribe anytime.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<div class=\"cs-inline-newsletter__success\" role=\"status\" aria-live=\"polite\" aria-atomic=\"true\" tabindex=\"-1\"> <span class=\"cs-inline-newsletter__success-icon\" aria-hidden=\"true\"\/><\/p>\n<div>\n<h3 class=\"cs-inline-newsletter__success-title\">Check your inbox.<\/h3>\n<p class=\"cs-inline-newsletter__success-copy\">Your signup request was sent. If confirmation is required, follow the email from Substack.<\/p>\n<p class=\"cs-inline-newsletter__success-hint\">Look in spam or promotions if you don\u2019t see it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>The remaining demand was also heavily concentrated in BlackRock&#8217;s IBIT, which attracted $536.2 million during those five sessions while competing Bitcoin ETFs collectively lost $363.3 million.<\/p>\n<p>That divergence left the market increasingly reliant on a single fund to offset redemptions elsewhere, a source of support that weakened when IBIT joined Wednesday&#8217;s selling.<\/p>\n<p>The reversal comes as Bitcoin has fallen below the estimated average acquisition price of ETF investors.<\/p>\n<p>Citing Checkonchain data, Bitfinex placed the flow-weighted average ETF cost basis at $84,318. The analysts observed that daily inflows historically moderated toward approximately $65 million as Bitcoin approached investors&#8217; aggregate breakeven level.<\/p>\n<p>Wednesday&#8217;s close under $83,000 has pushed Bitcoin below that threshold, raising the possibility that further declines could prompt additional redemptions as investors seek to limit losses.<\/p>\n<p>Although the estimate does not reflect individual investors&#8217; entry prices, it gauges the profitability of capital deployed through the funds.<\/p>\n<p>Ethereum is showing additional signs of weakening demand. Beyond its persistent ETF withdrawals, <em>CryptoSlate<\/em> previously reported growing demand for short exposure in the derivatives market, with traders holding short positions paying longs through negative perpetual futures funding rates.<\/p>\n<p>The positioning suggests that bearish traders are increasingly willing to incur costs to maintain exposure to further price declines, adding to the pressure reflected in Ethereum ETF redemptions.<\/p>\n<p>Bitfinex also warned that weaker institutional inflows were leaving the broader altcoin market increasingly dependent on capital rotating among existing cryptocurrency positions.<\/p>\n<p>That could leave smaller tokens especially exposed if Bitcoin&#8217;s decline accelerates, as investors seeking to reduce risk withdraw capital from altcoins instead of rotating into other digital assets.<\/p>\n<\/div>\n<p>Analysis,ETF,Featured,Market,Trading#Bitcoin #ETFs #suffer #biggest #exodus #June #Ethereum #withdrawals #hit #ninemonth #high1791474649<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued to decline. Data from SoSoValue shows that the 12 listed US Bitcoin ETFs lost $484.9 million on Oct. 7, their largest single-day outflow since June 25. BlackRock&#8217;s iShares Bitcoin Trust (IBIT) led the withdrawals with $207.7 million,<\/p>\n","protected":false},"author":1,"featured_media":14233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[298,91,643,31,1078,548,114,1544,7217,2102,909],"class_list":["post-14232","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-biggest","tag-bitcoin","tag-etfs","tag-ethereum","tag-exodus","tag-high","tag-hit","tag-june","tag-ninemonth","tag-suffer","tag-withdrawals"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin ETFs lost $484.9 million on Oct. 7, their largest daily outflow since June, while Ethereum funds continued their outflow streak.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14232\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high\" \/>\n<meta property=\"og:description\" content=\"Bitcoin ETFs lost $484.9 million on Oct. 7, their largest daily outflow since June, while Ethereum funds continued their outflow streak.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=14232\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-08T15:50:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/crypto-etf-capital-drain.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14232\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=14232\",\"name\":\"Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14232#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14232#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/crypto-etf-capital-drain.webp\",\"datePublished\":\"2026-10-08T15:50:49+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Bitcoin ETFs lost $484.9 million on Oct. 7, their largest daily outflow since June, while Ethereum funds continued their outflow streak.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14232#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=14232\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14232#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/crypto-etf-capital-drain.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/crypto-etf-capital-drain.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14232#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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