Bitcoin ETFs Snap Two-Week Losing Streak Despite Late-Week Slide

In brief

• U.S. spot Bitcoin ETFs shed $137.9 million on Friday but ended the week up about $301 million, snapping a two-week losing streak.
• The funds remain down about $314 million for October, while Ethereum ETFs are down roughly $1.18 billion for the month.
• Bitcoin slipped 1.1% to about $80,490, and Myriad traders raised the odds of a drop to $77,500 this month to 43%.

Bitcoin ETFs ended a choppy week in the green, but only just.

U.S. spot Bitcoin ETFs shed $137.9 million on Friday, according to Decrypt’s ETF tracker, their second straight day of outflows. The two-day slide totaled about $773.5 million, eating into a $1.07 billion inflow run from Monday through Wednesday.

Even so, the funds finished the week up roughly $301 million, snapping a two-week losing streak.

October, though typically a seasonally good month for Bitcoin holders, remains in the red. The funds briefly turned positive for the month midweek, but Thursday’s $635.6 million exit, the biggest of October, flipped them back. They’re now down about $314 million for the month. Cumulative net inflows stand at $57.6 billion, with $100.2 billion in total net assets.

Ethereum ETFs eked out a $4.4 million inflow on Friday but lost about $221 million on the week, leaving them down roughly $1.18 billion for October. Solana ETFs saw no net flows Friday after shedding $8.9 million Thursday, and they’re down about $68 million this month.