Bitcoin ETF Outflows Hit $643M, but BlackRock Bucks Trend

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TLDR Bitcoin ETF outflows reached $643.2 million on October 30, erasing four days of inflows and pushing October into negative territory. BlackRock’s IBIT led Friday’s withdrawals but still finished the month with $932.1 million in net inflows. Ether funds also faced selling, with combined Bitcoin and Ether ETF withdrawals approaching $799 million for the session. Bitcoin ETF outflows ended October with a sharp reversal, but the headline withdrawal figure masks a significant difference between BlackRock and its competitors. U.S. spot Bitcoin funds recorded $643.2 million in net withdrawals on October 30, according to Farside Investors’ Bitcoin ETF flow data. The selling erased the previous four sessions’ combined inflows and turned both the week and the month negative. BlackRock’s iShares Bitcoin Trust, or IBIT, accounted for the largest single-fund withdrawal on Friday. Yet it remained positive across both reporting periods, underscoring how uneven demand has become across the market. The result leaves investors with two distinct signals: a broad retreat at month-end and continued m...