Bitcoin ETF outflows reached $137.9M on October 23, with month-to-date outflows of $313.5M and significant onchain custody outflow of ~7,000 BTC.
Macro & Markets ·
Bitcoin ETFs experienced $137.9M in net outflows on October 23, with BlackRock's IBIT accounting for $110.3M of that total. Through the month to date, the funds have posted $313.5M in combined outflows. The same period saw onchain custody operations move approximately 6,998 BTC off exchanges, representing roughly $571.6M in value transferred.
The reported figures remain incomplete, as only 3 of 12 Bitcoin ETF funds had disclosed their positions at the time of the data. This gap means the final outflow total could materially exceed the $137.9M single-day figure already recorded. The scale of onchain custody movement—nearly four times the ETF outflow amount—underscores the disparity between what the funds show and the broader movement of bitcoin off centralized venues.
What remains uncertain is the full day's ETF outflow total once all fund managers report, as well as whether the custody movement and exchange inflows represent coordinated repositioning or separate market dynamics. The combination of fund redemptions and onchain transfers merits continued monitoring to clarify investor sentiment.