Bitwise's BITB draws $2.2 million as US Bitcoin ETFs shed $261 million

US spot Bitcoin ETFs posted $261.4 million in net outflows on October 14, according to daily tracking data from Farside Investors.

One fund broke from the pack. Bitwise's BITB took in $2.2 million while the two largest products in the category bled cash.

Bitcoin's funds weren't the only ones hit. Spot Ethereum ETFs recorded $130 million in net outflows on the same day, so this was a broad retreat rather than a single-asset story.

Fidelity's FBTC led the redemptions with $152.7 million heading out the door. BlackRock's IBIT followed with $110.9 million in withdrawals.

Put those two together and you get $263.6 million. That is actually more than the net figure for the whole group.

The gap comes from BITB. Its $2.2 million inflow trimmed the combined FBTC and IBIT losses down to the $261.4 million total. The arithmetic suggests the rest of the field was roughly flat for the day.

Farside tracks net creations and redemptions across 12 US spot Bitcoin ETFs. On October 14, BITB was among the very few with a positive number.

The October 14 outflows land in a month that has swung hard in both directions.

On October 7, Bitcoin ETFs saw nearly $487 million pulled out, the standout withdrawal day of the month so far. Then on October 13, the same group of funds attracted $175.7 million in net inflows.