Bitcoin ETFs lose $643m in a day, wiping out most of 2026's inflows
Why it matters
ETF flows are the simplest daily read on whether big investors want bitcoin. Right now money is leaving, so the next few weeks of election and economic news will show whether that turns into a trend.
The short version
Investors pulled $643.3 million out of US spot bitcoin ETFs on Friday 30 October, the biggest one-day exit since 25 June, according to SoSoValue data cited by CoinDesk. That single day wiped out 63.6% of the new money the funds had taken in this year, which was just over $1 billion.
Friday's $643.3m outflow was the largest since 25 June, when $696.3 million left. It just beat the $635.5 million that went out on 22 October, and it's the 12th-biggest daily outflow since these funds launched in January 2024.
The two biggest funds took most of the hit: $233.7 million left BlackRock's IBIT and $201.4 million left Fidelity's FBTC.
Put it in context. Before Friday, the funds had pulled in just over $1 billion of new money in 2026. One day erased 63.6% of that. Total assets in the funds slipped to $98.14 billion, back under $100 billion, according to Bitfire figures cited by CoinDesk.
The selling came a day after the Binance hack, and just before the US midterm elections on 3 November and the jobs report on 6 November.
Where this comes from
Written with AI from the sources above and checked against them before publishing. Here's how we work. This is news, not financial advice. Spotted a mistake? Tell us.