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U.S. bitcoin exchange-traded funds lost $89.90 million in net outflows on Monday, the first negative session of October, as redemptions from Ark & 21Shares and Fidelity overwhelmed another large allocation into Blackrock’s flagship fund, News.bitcoin reported.
The split within the category was wide. ARKB shed $85.21 million and Fidelity’s FBTC lost $74.55 million, while Blackrock’s IBIT took in $69.85 million. Bitcoin ETF trading value reached $2.18 billion, and net assets closed at $110.77 billion, according to News.bitcoin.
Also read: Bitcoin ETFs End Nine-Day Streak With $148.7M Outflow
Key facts
- Bitcoin ETFs recorded $89.90 million in net outflows, their first negative session in October.
- ARKB lost $85.21 million and FBTC lost $74.55 million, while IBIT gained $69.85 million.
- Ether ETFs fell for a fifth straight session, losing $50.76 million, with ETHA down $31.88 million and FETH down $18.88 million.
- Solana ETFs lost $9.25 million and zcash ETFs lost $3.57 million, while HYPE ETFs shed $2.71 million.
- Bitwise’s NRR, a NEAR fund that launched the prior week, was the only positive reading, attracting $539,640.
Ether’s streak runs longer than bitcoin’s dip
Ether funds have now bled for five consecutive sessions, a sequence that carries more weight than the size of Monday’s number. Blackrock’s ETHA accounted for $31.88 million of the $50.76 million total, with Fidelity’s FETH contributing $18.88 million, and no meaningful inflows offset the selling. Trading value for the category fell to $528.09 million and net assets closed at $17.69 billion.
The contrast with bitcoin is the point. Ether drew substantial institutional capital through much of September, but the recent run of withdrawals points to a cooling in positioning that bitcoin funds have so far avoided. Bitcoin’s support has simply become less uniform, concentrated in the largest vehicles rather than spread across the group.
Also read: BlackRock's IBIT Buys 1.97K BTC as ETF Inflows Hit Six Sessions
Selling reaches smaller funds
The retreat extended past the two largest assets. Solana ETFs lost $9.25 million, with Bitwise’s BSOL down $7.12 million and Fidelity’s FSOL down $2.12 million; net assets closed at $1.93 billion. Zcash ETFs posted a $3.57 million outflow from Grayscale’s ZCSH, leaving net assets at $781.96 million, below the $1 billion level the category touched in late September. HYPE ETFs lost $2.71 million through 21Shares’ THYP, and XRP ETFs recorded no net flows at all.
Against that backdrop, Bitwise’s NRR stood out mainly because nothing else was buying. The NEAR fund took in $539,640, lifting net assets to $60.17 million, a small figure that mattered because it was the session’s only inflow.
Why it matters
ETF flows are one of the clearest signals of how institutions are positioning in crypto, and Monday’s pattern suggests a narrower appetite rather than a full exit. Money is still finding specific funds, but the broad buying that characterized late September has faded, which leaves bitcoin’s price support dependent on a shrinking set of products. The data reported by News.bitcoin also shows the pressure is not confined to bitcoin and ether; solana, zcash and HYPE funds all moved lower on the same session.
What to watch
The next test is whether IBIT demand can keep absorbing redemptions elsewhere and hold the category near its current net asset level. Traders will also watch whether ether’s streak extends to a sixth session, which would confirm the September positioning shift rather than a one-week pause.
This article is not financial advice. Cryptocurrency markets are volatile and uncertain, and ETF flow data reflects past sessions only.
Reported by news.bitcoin.com.
Source: Bitcoin.com News