Bitcoin and Ether ETFs Lose Nearly $1 Billion as October Selling Deepens
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October 10, 2026 7:07 pm
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The pressure on crypto’s biggest exchange-traded funds is no longer a one-day wobble.
U.S. spot Bitcoin and Ether ETFs have posted a combined $986.3 million in net outflows so far in October, according to data collected by Farside Investors and summarized by Cointelegraph. Bitcoin funds account for $407.4 million of the month’s withdrawals, while Ether funds have lost $578.9 million.
The latest daily numbers show how quickly the mood changed. Bitcoin ETFs lost $244.1 million on Thursday after $484.9 million left a day earlier, the largest single-day Bitcoin ETF outflow since June 25.
Ether ETFs lost another $72.5 million on Thursday, extending their outflow streak to eight trading sessions and roughly $641.3 million.
That split was already visible earlier in the week. Wu Blockchain noted that Bitcoin funds took in $119 million on October 6 while Ether products lost $202 million, a reminder that the two markets can diverge sharply even when the broader institutional tone is defensive.
Bitcoin ETFs Draw $119 Million as Ether Funds See $202 Million Outflow
U.S. spot Bitcoin ETFs recorded $119 million in net inflows on Oct. 6, according to SoSoValue, led by BlackRock’s IBIT with $122 million. Spot Ether ETFs moved in the opposite direction, posting $202 million… pic.twitter.com/XjK4DdGFTR
— Wu Blockchain (@WuBlockchain) October 7, 2026
The fund flows are landing at an awkward moment for Bitcoin itself. Cointelegraph reported that BTC fell as low as $80,427 on Thursday before recovering to roughly $82,500.
That puts the market near a level technicians have been watching as a possible dividing line between a successful rebound and a return to the larger accumulation range.
Bitcoin is currently failing its retest of ~$82500
Weekly Close below $82500 and turn it into resistance however and Bitcoin will be back in its Macro Accumulation Range
A Weekly Close above it however would render the retest as successful, keeping the idea of an…
— Rekt Capital (@rektcapital) October 8, 2026
The useful distinction is between price weakness and fund demand. A Bitcoin bounce can happen while ETF holders are still reducing exposure, but that kind of move has less institutional fuel behind it.
Glassnode’s market research, also cited by Cointelegraph, says stronger spot volume and renewed ETF buying would offer better confirmation that a breakout has durable support.
For now, the cleanest signal is the persistence of the selling. Bitcoin’s two large withdrawal days and Ether’s eight-session streak show investors pulling money from both products at the same time.
The outflows raise the burden of proof for the bulls. A close back above the closely watched $82,500 region would help, but a return of ETF inflows would matter even more.
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