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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/03/2026

October ETF Withdrawals Reach $515M for Bitcoin and $1.61B for Ether

What happened: US spot Bitcoin ETFs finished October with $515 million in net withdrawals, their first negative month since June 2026, while spot Ether funds recorded $1.

October ETF Withdrawals Reach $515M for Bitcoin and $1.61B for Ether

What happened: US spot Bitcoin ETFs finished October with $515 million in net withdrawals, their first negative month since June 2026, while spot Ether funds recorded $1.61 billion in monthly outflows, exceeding the previous $1.42 billion record from November 2025. On Friday, October 30, Bitcoin ETFs lost $643.3 million, their largest daily outflow since June 25, and Ether ETFs lost $156 million. BlackRock's IBIT and Fidelity's FBTC accounted for $233.7 million and $201.4 million of that day's Bitcoin withdrawals, respectively, as the market absorbed reports of the Binance breach.

Why it matters: The daily and monthly figures describe overlapping periods, so adding them together would overstate withdrawals; Friday's Bitcoin outflow was larger than October's final net loss because the monthly figure also incorporates flows from other sessions. CoinDesk reported that the Friday withdrawal erased 63.6% of Bitcoin ETFs' year-to-date net inflows, showing how substantially a single session changed the annual balance. The timing supports treating the Binance incident as a potential pressure amplifier, but Ether's previously established outflow trend argues against assigning the entire month's institutional retreat to the breach, and fund withdrawals alone do not establish each investor's motivation.

Sources: Cointelegraph; CoinDesk.