Bitcoin ETFs See $89.8 Million Exit as BTC Struggles to Hold $86K

US spot Bitcoin exchange-traded funds (ETFs) returned to net outflows in the latest trading session, with investors pulling a combined $89.8 million from the products on Oct. 5.

The reversal came immediately after the funds attracted $189.9 million on Oct. 2. Despite the latest withdrawals, net flows across the last five trading sessions stayed positive at roughly $120 million.

Bitcoin ETF flows (Source: Farside Investors)

ARK 21Shares' ARKB suffered the largest outflow of the session after losing $85.2 million. Fidelity's FBTC followed with $74.5 million in withdrawals. BlackRock's IBIT was the only fund in the group to record meaningful inflows, and attracted $69.9 million. The remaining spot Bitcoin ETFs reported no net flows for the session.

The latest numbers suggest institutional demand has cooled after  several stronger sessions. However, the five-day total remaining positive indicates that the Oct. 5 withdrawals have not yet developed into a sustained outflow trend.

Bitcoin also came under modest selling pressure over the past 24 hours. BTC traded above 86,000 during parts of Oct.5 before falling toward the mid 85,000 range.

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