Bitwise’s BITB attracted $2.2 million on October 14 as U.S. spot Bitcoin ETFs recorded $261.4 million in net outflows. Fidelity’s FBTC and BlackRock’s IBIT accounted for the reported bulk of withdrawals.
The Farside-linked figures show $152.7 million leaving FBTC and $110.9 million leaving IBIT. Together, those redemptions total $263.6 million, and BITB’s $2.2 million inflow brought the reported net loss to $261.4 million.
Bitcoin trades near $80,997, down 2.4% in the last 24 hours, after slipping below the $81,776 level. The next key support sits near $76,000, while the 200-day moving average is at $72,284.
Bitcoin ETF Flow Farside
Bitcoin ETFs Flow: October’s Reversals Put One Outflow Day in Context
The October 14 result followed sharply changing daily flows. U.S. spot Bitcoin ETFs recorded nearly $487 million in outflows on October 7, then $175.7 million in net inflows on October 13, before returning to net outflows the following day. Spot Ethereum ETFs also saw $130 million in reported net outflows on October 14, indicating that the retreat extended beyond Bitcoin funds.
ETF creations and redemptions can connect those flows to the spot market. When demand brings money into a fund, it creates shares and acquires Bitcoin to back them; when investors redeem shares, the fund may sell underlying Bitcoin. That creates potential spot-market selling pressure, although a daily flow figure alone does not establish how much selling occurred or how the wider market absorbed it.
Since launching in January 2024, U.S. spot Bitcoin ETFs have accumulated more than $54 billion in net inflows, according to the primary-source account. Their combined assets were estimated at approximately $100 billion to $107 billion by mid-October.
Why Concentrated FBTC and IBIT Redemptions Matter
BTCUSDT Chart 1D
FBTC and IBIT are the largest funds by assets, so their dollar flows can be sizeable in either direction. When redemptions are concentrated in these products, they may carry more weight in the spot market than a similar percentage move in a smaller fund.
BITB’s $2.2 million gain was modest beside the reported withdrawals from FBTC and IBIT; it marks a fund-level exception, not evidence of a broad inflow trend.
Previous Bitcoin ETF redemptions involving BlackRock and Fidelity likewise illustrate why flows from the largest issuers warrant attention. The next useful signal is whether subsequent daily reports confirm a sustained direction or another reversal.
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