US Bitcoin Spot ETFs See $485 Million Net Outflow — Largest Since June

US spot Bitcoin exchange-traded funds (ETFs) shed approximately $484.9 million in a single day — the largest net outflow since June 25. Ethereum spot ETFs also saw $160.9 million exit, signaling a sharp deterioration in investor sentiment across both major crypto assets.

According to Trader T data from October 7 (local time), daily net outflows from US spot Bitcoin ETFs totaled $484.9 million. BlackRock's IBIT led the exodus with $207.7 million in withdrawals. Fidelity's FBTC lost $105.1 million, while Ark Invest's ARKB saw $101.7 million flow out. Grayscale's GBTC posted net outflows of $39.3 million, and Bitwise's BITB recorded $27.6 million in redemptions. VanEck's HODL also shed $3.5 million.

Meanwhile, Grayscale Mini BTC, Morgan Stanley's MSBT, Valkyrie's BRRR, Franklin Templeton's EZBC, Invesco's BTCO, and WisdomTree's BTCW saw no net flows.

On the same day, Ethereum spot ETFs recorded $160.9 million in net outflows. Cumulative outflows over the past five trading sessions reached $506.3 million — the largest stretch since January 23. BlackRock's ETHA posted the biggest single-fund outflow among Ethereum ETFs at $116.1 million. Grayscale's ETHE lost $25.8 million, 21Shares' TETH saw $6.3 million exit, and Bitwise's ETHW recorded $5.9 million in outflows. VanEck's ETHV shed $2.8 million, while Grayscale Mini ETH and Invesco's QETH each lost $2 million. Fidelity's FETH, BlackRock's staking ETHB, Franklin Templeton's EZET, and Morgan Stanley's MSSE saw no net flows.