Bitcoin Funds See $148.7 Million Outflow on September 30, Fidelity Fund Drives Trend
On September 30, 2026, the final trading day of the third quarter, investors pulled $148.7 million out of U.S. spot Bitcoin funds, marking a sudden end to a nine-day trend of inflows that had brought in around $3.1 billion. This outflow was largely driven by the Fidelity Wise Origin Bitcoin Fund, which alone accounted for $125.6 million of the total.
The Fidelity fund's outflow represented about 84% of the total outflow from Bitcoin funds on that day. Other Bitcoin funds saw a combined loss of roughly $23 million. Ethereum funds saw outflows of $59.6 million, while Solana funds lost $11.1 million. XRP funds, however, saw no change, with net inflows recorded at zero.
The outflows from Bitcoin funds were likely due to quarter-end rebalancing, where institutional investors trim their holdings to maintain target allocations as the new quarter begins. This pattern has repeated at the end of previous quarters, with similar outflows seen on June 30, 2026. Bitcoin rose about 36% in the quarter, Ethereum gained about 57%, and Solana grew around 48%.
On the first trading day of the new quarter, October 1, Bitcoin funds welcomed back $102.7 million, primarily driven by $196 million flowing into BlackRock's iShares Bitcoin Trust. Ethereum funds, however, lost an additional $55.4 million, marking their third consecutive day of outflows. Solana funds followed suit, losing $5.9 million.