Key Insights
- Bitcoin ETFs recorded $261.4 million in outflows on Oct. 14 as BTC price fell below $81,000.
- Fidelity and BlackRock led withdrawals, pushing weekly Bitcoin ETF outflows to approximately $151 million.
- US inflation reached 3.7% in September, adding pressure as the Bitcoin price approached $80,000.
Bitcoin ETFs recorded $261.4 million in net outflows on Oct. 14 as Bitcoin fell below $81,000. The retreat followed hotter U.S. inflation data as traders weighed potential interest-rate increases.
Farside Investors recorded Wednesday’s withdrawals after a $175.7 million inflow in the previous session. CoinGecko showed the Bitcoin price near $81,000 on Oct. 15, extending pressure on the broader cryptocurrency market.
Bitcoin ETFs Lose $262 Million as Fidelity Leads Redemptions
Farside Investors data showed uneven withdrawals across Bitcoin ETFs on Wednesday. Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $152.7 million.
BlackRock’s iShares Bitcoin Trust (IBIT) followed with $110.9 million in net outflows. Bitwise’s Bitcoin ETF (BITB) attracted $2.2 million, partly offsetting those withdrawals.
The combined departures from Fidelity and BlackRock exceeded the day’s total net outflow. That concentration matters because the funds did not experience uniform redemptions across every listed product. Other products in Farside’s daily table recorded zero net flows.
The week’s cumulative balance turned negative despite Tuesday’s brief recovery. Farside figures placed Bitcoin ETFs at roughly $151 million in net withdrawals through Wednesday. Last week’s five sessions produced approximately $679 million in net outflows, based on the same tracker.
The pattern suggested investors remained cautious following repeated sessions of redemptions. Yet daily fund flows measure net subscriptions and withdrawals, not every investor’s motives. They also cannot establish that ETF activity caused Bitcoin’s intraday price moves.
U.S. Inflation Report Adds Pressure to Bitcoin ETFs
The US Bureau of Labor Statistics reported September CPI inflation of 3.7% annually on Wednesday. Prices climbed 0.6% during the month, while gasoline costs increased 9.1%.
For Bitcoin ETFs, the release added another potential source of volatility. Core inflation reached 2.6% annually, excluding food and energy.
The figures complicated expectations for lower borrowing costs and weighed on appetite for speculative assets. Bitcoin ETFs faced withdrawals during the same session, although timing alone did not establish a causal relationship. CoinGecko’s market data showed Bitcoin trading below $81,000 on Thursday.
Traders assessed the decline alongside demand for Bitcoin ETFs. BlackRock’s product description states that IBIT seeks to reflect Bitcoin’s price performance. Consequently, spot price movements affect exposure even when individual funds report different subscription patterns.
Ether and Solana Funds Extend Their Withdrawals
Farside Investors recorded $129.5 million in net outflows from U.S. spot Ethereum ETFs on Wednesday. BlackRock’s ETHA accounted for $109.8 million, while two other products registered smaller withdrawals. The week’s Ethereum ETF balance fell to roughly negative $190 million.
Solana products recorded approximately $1.3 million in Wednesday withdrawals, Farside data showed. Their weekly outflows reached around $3 million, extending a run of negative daily balances. Bitcoin ETFs experienced larger withdrawals, but the weakness extended beyond Bitcoin.
Zcash funds provided a partial exception, attracting $3.7 million on Wednesday. However, earlier withdrawals kept their weekly balance negative by approximately $3.2 million. Figures shared by market commentator Crypto Patel also put XRP products at $740,000 in daily inflows.
These divergences showed that investors had not withdrawn capital from every cryptocurrency fund simultaneously. Bitcoin ETFs nevertheless remained central to the latest decline because of their comparatively larger net redemptions. The separate product flows did not establish a common trading strategy across investors.
Bitcoin ETFs Face Another Test Near $80,000
Trader Ella, posting as @Ellaweb_3 on X, identified $81,500 as a near-term Bitcoin reference level. The analyst argued that reclaiming $83,000 could ease pressure after an earlier attempted recovery faded. A deeper retreat would expose the $80,000–$80,500 zone in that interpretation.
Separately, trader Sweep (@0xSweep) described a bullish divergence despite outflows from Bitcoin ETFs. He suggested selling momentum had weakened amid global uncertainty. That interpretation did not confirm recovery because prices can continue falling despite technical divergence.
An improvement would require evidence beyond a single momentum indicator. Fresh inflows into Bitcoin ETFs could indicate renewed demand, while sustained withdrawals would reinforce defensive positioning. Investors could also watch subsequent inflation releases and shifts in expectations for Federal Reserve policy.
Until Bitcoin regains $83,000, the $80,000 region remains a nearby level traders are monitoring. A decisive loss of that area could deepen selling pressure, although the analyst’s target remains conditional. Upcoming reports will reveal whether withdrawals persisted.
