U.S. spot Bitcoin exchange‑traded funds (ETFs) shed almost $910 million in net assets over the past two weeks, marking the deepest two‑week outflow since the products launched and signalling a rapid reversal of October’s earlier gains.
Scale of the retreat
According to data compiled by Pluang and reiterated by TokenPost, the combined net outflows amounted to $910 million, with $228.6 million withdrawn in the most recent week after a $681.1 million drain the week before. The decline pushed the sector deep into the red for the month, a trend dubbed “Uptober” by market commentators.
"U.S. Bitcoin ETFs recorded nearly $910 million in two‑week net outflows, reversing the modest inflows seen earlier in October," the Pluang report stated.
Decryption and Yahoo Finance reported the same weekly figures, confirming that the outflows were broadly consistent across the industry’s major funds.
Wall Street’s flagship fund feels the pressure
BlackRock’s spot Bitcoin ETF, the largest in the United States, posted a $165 million net outflow in the latest week, according to 24/7 Wall St. The firm’s exposure to the broader market pullback underscores the extent to which institutional investors are reassessing risk amid rising inflation expectations.
CryptoTicker noted that BlackRock’s Ethereum ETF also saw $299 million exit, while total Ethereum‑focused ETFs experienced a $320 million net outflow during the same period. Crypto News highlighted that Ethereum ETFs lost more money than their Bitcoin counterparts last week, suggesting a broader sector‑wide retreat.
Wider market fallout
The ETF outflows coincided with a broader sell‑off across crypto assets. Coinspot.io reported that the market fell sharply amid the ETF withdrawals and a wave of liquidations that hit leveraged positions. Additionally, 24/7 Wall St. pointed out that stablecoin holdings on the Solana blockchain rose to $15.5 billion, widening the gap with Ethereum’s stablecoin pool and hinting at shifting capital flows within the digital asset ecosystem.
Analysts attribute the sudden reversal to heightened inflation concerns, which have prompted investors to shy away from higher‑risk assets such as cryptocurrencies. The outflows also reflect a cooling of retail enthusiasm that had previously buoyed the ETFs during the early “Uptober” rally.
While the outflows represent a sizable contraction, the overall size of the U.S. spot Bitcoin ETF market—estimated at over $20 billion—means that the sector retains a substantial asset base. Nonetheless, the rapid withdrawal of nearly $1 billion in two weeks marks a warning sign for market participants who have become accustomed to steady inflows since the products’ debut.
Market watchers will monitor whether the outflow trend stabilises or deepens as inflation data continue to shape investor sentiment, and whether other crypto‑linked products, such as Ethereum ETFs, will experience similar pressure in the weeks ahead.
Market Snapshot
| Asset | Price | 24h | Market Cap |
|---|---|---|---|
 Bitcoin BTC | $80,947 | -0.72% | $1626.9B |
 Ethereum ETH | $2,357 | -2.54% | $288.0B |
 BNB BNB | $709.4 | -1.39% | $94.5B |
 XRP XRP | $1.27 | -2.49% | $80.0B |
 Solana SOL | $101.45 | -2.28% | $59.8B |
 Dogecoin DOGE | $0.0769 | -3.91% | $12.0B |
 Cardano ADA | $0.214 | -3.68% | $8.0B |
Live data: CoinGecko — 2026-10-18 21:20 UTC
