Bitcoin ETFs Lost $228M and Ether ETFs $320M Last Week: Two Red Weeks, $907M Out of Bitcoin Funds, and What to Watch Before Monday

The week, day by day

Farside publishes each issuer's net creation or redemption for every US trading day. The two tables below are those daily totals, in millions of dollars, for the five sessions of last week; the weekly sums are our arithmetic.

Wednesday was the session that decided the week. The consumer price index for September came in at 3.7% year over year against a 3.6% forecast, bitcoin dipped to $79,775 on OKX spot, and our own liquidation page recorded $354 million of forced closes across Binance and OKX that day, $285 million of them longs. Tuesday's $175.7 million inflow was wiped out inside 24 hours. We covered the inflation day itself in why bitcoin fell on the hot September CPI; last week's flows are the aftershock.

The previous week was heavier for bitcoin funds. From 5 to 9 October the daily totals were minus 89.8, plus 118.8, minus 484.9, minus 244.1 and plus 21.1 million dollars, a net minus 678.9 million, with 7 October the single worst day. The first two sessions of the month, 1 and 2 October, brought in 292.6 million, which is why the month-to-date figure sits near minus 615 million rather than minus 907 million.

Who sold

Flows are reported per fund, so the tables also show where the selling came from.

For bitcoin, BlackRock's IBIT accounted for most of the week: minus 65.4, plus 65.9, minus 110.9, plus 16.8 and minus 71.8 million dollars, a net minus 165.4 million. Fidelity's FBTC lost a net 60.2 million, almost all of it on Wednesday's minus 152.7 million, partly offset by a plus 103.1 million Tuesday. Grayscale's mini bitcoin trust lost 7.6 million and Invesco 4.1 million; Bitwise added 2.2 million and the remaining issuers were a combined plus 6.7 million. Since launch in January 2024 the bitcoin funds have taken in a cumulative $56.9 billion on Farside's count, and Decrypt reports total net assets of $104.29 billion per SoSoValue.

For ether the picture is even more concentrated. ETHA, BlackRock's ether fund, redeemed on four of five days: minus 75.1, zero, minus 109.8, minus 44.4 and minus 69.7 million, a net minus 299.0 million, or 93% of the ether total. Fidelity's FETH was the only fund with a positive week at plus 10.5 million. Grayscale's ETHE lost 18.3 million and its mini ether fund 12.4 million. Cumulative inflows into ether ETFs since launch stand at about $13.0 billion.

Solana ETFs, which drew attention in September, were a footnote: a combined minus 25.5 million for the week, most of it minus 18.8 million from Bitwise's fund on Thursday and Friday.

What the outflows did to the market

An ETF redemption is not a trade on a crypto exchange, but the two markets are linked: when a fund shrinks, its authorised participants sell the underlying coins, and the price pressure then shows up in futures positioning. Our liquidation page, which counts forced closes observed on Binance and OKX, gives the daily picture for last week: $47.6 million on 12 October, $167 million on 13 October, $354 million on 14 October, $42.7 million on 15 October and $20.7 million on 16 October, about $632 million for the five days. The weekend was quieter, with $11.6 million on Saturday and $88.6 million by 17:00 UTC on Sunday, $68.7 million of it longs.

Positioning has reset rather than built up. Bitcoin funding for the 00:00 UTC Monday payment was 0.0043% on Binance and 0.0065% on OKX, ether 0.0035% and 0.0048%, and Solana slightly negative on both venues. Those are neutral readings: nobody is paying much to stay long. Bitcoin open interest on Binance was $7.61 billion on Sunday evening, down 0.9% in 24 hours, and ether $5.43 billion, down 1.2%. Two weeks of ETF selling have taken leverage out of the market rather than added to it, which is the main difference between this stretch and the 7 October session, when a $484.9 million ETF outflow and a leverage flush landed on the same day.

Prices moved less than the headlines suggest. Bitcoin went from an $82,721 Monday open to an $81,350 Friday close, down 1.7%, and sat at $81,058 on Sunday. Ether fell from $2,530 to $2,411, down 4.7%, and traded at $2,366 on Sunday, so ether lost about 6.5% from the Monday open while its ETFs saw proportionally larger redemptions.

Why the flow number matters to you

ETF flows are the one piece of institutional demand that is published every day, fund by fund, which is why traders treat them as a sentiment gauge. Financial advisers and institutions own a large share of these products, and they tend to move slowly: a third straight red week would say that the cohort that bought bitcoin above $82,300 on average is still reducing, while a flat or positive week after a $907 million drawdown would be the first sign that the selling is done. Decrypt's reading of the macro side is that a hot CPI and a hot producer-price print revived bets on another Federal Reserve rate hike, which raises the return on cash and makes a non-yielding asset harder to hold; whatever the Fed does next, that is the channel through which flows and prices have been connected this month.

What to watch before Monday

1. The Monday flow print. Farside and SoSoValue publish it after the US close. A net inflow would end the two-week streak; a third large outflow day from IBIT or ETHA would say the largest holders are still leaving.
2. Bitcoin against $82,300, the average ETF holder cost basis cited by Nexo, and against the 14 October low of $79,775. Both are reference points, not predictions.
3. Funding. If Binance or OKX bitcoin funding turns clearly negative, shorts are paying to stay in and a bounce can accelerate; if it stays near zero, moves will be slower.
4. The CME calendar: CME lists Uniswap and Bitcoin Cash futures on 19 October, which we cover separately, so altcoin derivatives volume may be the Monday story even if bitcoin is quiet.

How to act on this

A week with $228 million out of bitcoin ETFs and $320 million out of ether ETFs is not a reason to change a long-term plan, but it is a reason to size positions for a market where the biggest marginal buyer is currently a seller. Keep leverage low, check funding before every entry, and treat the Monday flow print as information rather than a signal to chase. If you trade through this stretch, trading fees compound faster than in a trending market: Bitget applies a fee rebate to accounts registered with code nexu888, and the Bitget profile lists the current terms next to the fee schedule, while the rates page compares venues side by side. For the data itself, the funding board and the liquidations page update through the weekend.

Quick answers

How much money left bitcoin ETFs last week?

A net $228.4 million from 12 to 16 October 2026, on Farside's daily tables, after $678.9 million the week before. That is about $907 million over two weeks and roughly $615 million for October so far.

Which bitcoin ETF had the biggest outflow?

BlackRock's IBIT, with a net $165.4 million out for the week. Fidelity's FBTC lost $60.2 million, almost all of it on Wednesday.

How much did ether ETFs lose?

A net $320.1 million for the week, of which $299.0 million came from BlackRock's ETHA. The prior week's outflow was $542.2 million, so ether funds have lost about $862 million in two weeks.

Did Solana ETFs also see outflows?

Yes, but small: a combined $25.5 million for the week, mostly from Bitwise's fund on Thursday and Friday.

What did bitcoin do during the outflows?

It fell 1.7% from the Monday open of $82,721 to the Friday close of $81,350, with a low of $79,775 on Wednesday 14 October, and traded at $81,058 on Sunday evening. Our liquidation page shows $354 million of forced closes on the Wednesday alone.

What we could not verify

Farside's weekly totals differ slightly from the SoSoValue figures Decrypt cites ($228.6 million and $681.1 million for the two bitcoin weeks); we used Farside's daily tables throughout and the differences are rounding and reporting-time effects. The $82,300 average cost basis is an analyst estimate reported by Decrypt, not a published fund statistic. Liquidation figures count forced closes observed on Binance and OKX only.