U.S. spot Bitcoin ETFs recorded $24.4M in net outflows on October 1, with GBTC seeing $31.4M outflows offset partially by iShares BTC ETF inflows.
Macro & Markets ·
U.S. spot Bitcoin ETFs saw $24.4M flow out on October 1, according to preliminary data covering five of twelve funds tracked. The iShares Bitcoin Trust (BTC) attracted $14.6M, but this was outweighed by Grayscale Bitcoin Mini Trust (GBTC) exiting $31.4M, according to tracking data.
The outflow pattern extended to exchange-traded fund custody infrastructure, where Bitcoin reserves declined by 1.8K BTC—valued at approximately $150.2M—over the same 24-hour window. This suggests institutional appetite may have softened as the fourth quarter began.
The data covers only a partial sample of the spot Bitcoin ETF market, with most of the twelve registered funds still reporting. Whether the October 1 outflows signal a sustained shift in institutional positioning or represent normal trading variance remains unclear from available information.