HedgeCo.Net — U.S. spot bitcoin exchange-traded funds recorded $137.9 million of net outflows on Friday, October 23, a second straight day of redemptions, according to Farside Investors data. Even so, the group finished the week $301.2 million in positive territory, after $228.4 million of outflows the week before.
BlackRock’s iShares Bitcoin Trust led Friday’s outflows with $110.3 million, while Fidelity’s Wise Origin Bitcoin Fund lost $31.8 million. Morgan Stanley’s MSBT took in $4.2 million, and every other reporting bitcoin fund was flat. VanEck’s HODL had not reported a figure for the day, so the total covers the funds that had.
The week split cleanly in two. Monday and Wednesday brought in $1,051.5 million between them, before Thursday and Friday gave back $773.5 million, according to CryptoWatchDesk’s tally of Farside figures. The late-week outflows coincided with a broad selloff in large technology stocks. Over five sessions IBIT took in $565.7 million while FBTC lost $116.6 million and ARK 21Shares’ ARKB lost $99.6 million.
The picture for the month remains negative. Bitcoin funds were $313.5 million in the red for October after 17 sessions, with IBIT up $755.2 million and FBTC down $588.5 million. Ether ETFs took in a net $4.4 million on Friday but were down $220.7 million for the week and about $1.18 billion for October, while Solana funds lost $17.6 million on the week.
For crypto allocators, the divergence between issuers is as telling as the aggregate. Flows are increasingly concentrated in BlackRock’s fund even on weak days, while other products bear more of the redemptions. With bitcoin trading near $80,755 on Saturday and equity volatility elevated, the next few sessions will show whether last week’s early-week buying was a durable return of demand or a short-lived rebound.