U.S. Crypto ETFs See $117.9 Million in Outflows Led by Bitcoin and Ether Funds

U.S. spot crypto exchange-traded funds (ETFs) started the week on a down note, with Bitcoin, Ether, and Solana products experiencing net outflows totaling $117.9 million on October 5, 2026. The largest losses came from Bitcoin funds, which saw $89.8 million in net outflows. The selling was primarily driven by ARK 21Shares’ ARKB, which lost $85.2 million, and Fidelity’s FBTC, which saw $74.5 million in outflows. The only Bitcoin ETF to post a positive flow was BlackRock’s iShares Bitcoin Trust (IBIT), which took in $69.9 million.

The outflows followed a brief rebound earlier in the week. Bitcoin ETFs had attracted $102.7 million on October 1 and $189.9 million on October 2, after losing $148.7 million on September 30. Despite Monday’s outflow, Bitcoin ETFs still maintained roughly $202.8 million in net inflows across the first three sessions of October. Ether ETFs faced more significant losses, with $18.9 million in outflows from Fidelity’s FETH, marking the fifth consecutive day of outflows totaling about $174.1 million. Solana ETFs also saw withdrawals, with $9.2 million in outflows led by Bitwise’s BSOL.

The data underscores the dominance of the largest issuer, IBIT, which continued to gather assets even on a net outflow day. This suggests that institutional investors are favoring the most liquid and deeply traded products. However, the choppy flows into Bitcoin funds since September’s strong run indicate that demand has not kept pace with Bitcoin’s attempt to push higher. Ether products, meanwhile, remain under steady redemption pressure, signaling that investors may be treating Ether as a tactical position rather than a core holding.

For crypto fund managers and allocators, the key takeaway is that ETF demand has not matched Bitcoin’s upward momentum. While single sessions can be volatile, a sustained run of outflows from Ether funds could indicate a shift in investor sentiment toward treating Ether as a tactical play rather than a long-term investment. The concentration of Bitcoin inflows in IBIT also highlights the intense competition among issuers regarding fees and liquidity.