Capital outflows from US spot Bitcoin ETFs registered their largest single-day withdrawal since June 2026. At the close of trading on October 30, net outflows hit $643.2 million in a single session. The sharp late-week drawdown immediately erased the entirety of inflows gathered over the previous four consecutive trading days, which totaled $440.8 million.
The end-of-week sell-off left behind a weekly deficit of $202.4 million, pushing what had been a positive week into the red. Despite broader market selling pressure, BlackRock’s iShares Bitcoin Trust (IBIT) still posted a positive weekly balance of $176.9 million. IBIT’s weekly surplus was underpinned by $410.6 million in inflows absorbed across the first four sessions ahead of the Friday close.
Single-Day Outflow Reverses Full-Month Gains
The impact of Friday’s outflows extended far enough to overturn the monthly performance ledger. Prior to the final session of October, spot Bitcoin ETFs held a cumulative surplus of $127.3 million. The $643.2 million withdrawal on the final trading day abruptly turned October’s total into a net negative balance of $515.9 million.
The wave of selling was not confined to Bitcoin-backed vehicles. On the same day, spot Ether ETFs posted net outflows of $155.7 million. Combined withdrawals across both asset classes pushed total daily outflows from Bitcoin and Ether ETFs past $798.9 million.
Trading activity across the spot ETF landscape also reflected cooling liquidity. Average daily volume dwindled from the $1.3 billion range sustained since May to roughly $700 million toward late October. The volume contraction points to waning trading interest in regulated crypto investment products.
Prices Slip Below Average Cost Basis
In the spot market, heavy fund outflows coincided with falling Bitcoin prices. Bitcoin dropped to a 24-hour low of $76,337.84 before trading around $77,364 on October 31. The slide dragged spot prices below the average purchase price of US spot ETF holders, which Glassnode data places at $81,500.
The $77,364 price level also sits near the active investor cost basis, or True Market Mean, pegged at $77,900. With price action dipping below the ETF cohort’s cost basis, most recent institutional entrants are now underwater against prevailing market prices.
For market participants and Bitcoin holders, the close of October underscores how quickly weekly gains can vanish in a single day of aggressive selling. With market prices hovering under the $81,500 ETF purchase average and near the $77,900 active investor cost threshold, the capital resilience of these position holders will take center stage as early November trading gets underway.
Reported via crypto.news.
Also read: How to Read Candlestick Charts for Beginners
Previously: Spot ETFs Absorb $440.8M in Four Days - BlackRock Captures 93% Alone
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
