Share this article
Bitcoin ETFs See $536 Million in Outflows as BTC Wilts Below $110K
The largest daily redemption since August reflects shifting sentiment after a record-breaking summer for ETF inflows and a growing link between macro risk, derivatives positioning, and bitcoin price action.
Updated Oct 17, 2025, 1:39 p.m. Published Oct 17, 2025, 6:32 a.m.
What to know:
- BTC and ETH ETFs registered outflows Thursday.
- BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC experienced significant outflows, losing $29 million and $132 million, respectively.
- Citi analysts noted bitcoin's increased equity sensitivity, while Glassnode described the sell-off as a necessary reset after major futures deleveraging.
The U.S.-listed crypto exchange-traded funds (ETFs) bled money Thursday, snapping a two-week streak of consistent inflows.
The 11 bitcoin ETFs registered a net outflow of $536.4 million as investors pulled out $56.8 million from ether ETFs.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Data curated by SoSoValue shows BlackRock’s iShares Bitcoin Trust (IBIT) saw $29 million in outflows on the day, while Fidelity’s FBTC lost $132 million. Grayscale’s converted GBTC product shed $67 million, with smaller issuers such as Bitwise and VanEck also recording redemptions.
The reversal caps a volatile fortnight that saw bitcoin tumble from its $126,000 highs amid leveraged liquidations, structural problems with Binance's data feeds, and renewed U.S.–China trade tensions.
Analysts at Citi said the drawdown revealed bitcoin’s growing equity sensitivity. At the same time, Glassnode described the sell-off as a “necessary reset” following one of the largest futures deleveraging events on record.
Unchained’s latest report adds that ETF options activity has reshaped how flows behave, turning what was once a steady source of demand into a mechanism that now tracks shifts in market sentiment.
Despite the volatility, Citi reiterated its year-end target of $133,000 for bitcoin, citing resilient ETF participation despite the pullback, a target that prediction markets tend to agree with.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Bitcoin slips below $88,000 as traders brace for $28.5 billion Deribit options expiry
Crypto continues to lose ground ahead of this week's record options expiration, while defensive positioning and thinning liquidity suggest caution into 2026.
What to know:
- Bitcoin and crypto prices moved steadily lower in U.S. Monday afternoon trading.
- Over $28.5 billion in bitcoin and ether options are set to expire Friday on derivatives exchange Deribit, the largest expiry in its history.
Top Stories
