US spot Bitcoin exchange-traded funds (ETFs) experienced their largest daily outflow since June, with $484.9 million in withdrawals on Wednesday. This reversed the previous day's $118.8 million net inflow, wiping out the $321.6 million in net inflows recorded over October's first four trading sessions. The outflows left Bitcoin ETFs with approximately $163 million in net outflows for the month. BlackRock’s iShares Bitcoin Trust (IBIT) led the withdrawals with $207.7 million, followed by Fidelity’s FBTC with $105.1 million and ARK 21Shares’ ARKB with $101.7 million.
Bitcoin traded near $82,700 on Thursday, down about 2% over the previous 24 hours. Meanwhile, US spot Ether ETFs recorded $160.9 million in net outflows, extending their losing streak to seven consecutive trading sessions. Ether funds have shed approximately $569 million since September 29, with BlackRock’s iShares Ethereum Trust (ETHA) accounting for $116.1 million of Wednesday’s withdrawals. Grayscale’s Ethereum Trust (ETHE) followed with $25.8 million in outflows.