# US Bitcoin ETFs Lose $485 Million, Erasing October Gains

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28154
Published: 2026-10-08T14:10:03.000Z
Updated: 2026-10-08T14:10:03.000Z
Section: Investing

> The Wednesday withdrawals were the largest since June 25 and pushed October’s net flows to about $163 million in outflows.

US spot Bitcoin ETFs recorded $485 million in net outflows Wednesday, Oct. 7, wiping out their early-October gains and pushing the month’s combined flows into negative territory.

The withdrawals were the largest daily outflow since June 25, when investors pulled $691.7 million from the funds. October’s first four trading sessions had produced $321.6 million in net inflows, leaving the funds with about $163 million in net outflows after Wednesday’s reversal.

BlackRock’s iShares Bitcoin Trust posted the largest withdrawal at $207.7 million. Fidelity’s FBTC lost $105.1 million, while ARK 21Shares’ ARKB recorded $101.7 million in outflows. Bitwise’s BITB lost $27.6 million, and Grayscale’s GBTC saw $39.3 million leave the fund.

The reversal came one session after US spot Bitcoin ETFs attracted $118.8 million on Oct. 6. Bitcoin traded near $82,700 Thursday, down about 2% over the previous 24 hours.