Bitcoin (BTC) ETFs Post $228.4 Million in Weekly Net Outflows

U.S. spot Bitcoin (BTC) ETFs posted $228.4 million in net outflows across the five trading sessions through Oct. 16, as withdrawals on three days outweighed gains on two.

Daily flows were uneven. The funds had net outflows of $65.4 million on Oct. 12, followed by $175.7 million in inflows on Oct. 13. Outflows reached $261.4 million on Oct. 14, then funds recorded $5.1 million in inflows on Oct. 15 and $82.4 million in outflows on Oct. 16.

IBIT accounted for $71.8 million of the Oct. 16 withdrawals, while FBTC saw $10.6 million leave. Other listed funds recorded no net flow that session.

The latest weekly outflow was smaller than the $678.9 million net outflow across Oct. 5-9. The earlier period included $244.1 million in Oct. 8 withdrawals.

Cumulative net flow across the listed funds stood at $56.949 billion. The flow figures show net movement across the funds but do not establish why investors bought or sold.