US spot Bitcoin ETFs ended a two-week run of outflows with about $301 million in net inflows, but two heavy days of withdrawals kept October negative. The reversal shows how quickly fund demand can change when Bitcoin slips from its weekly high.
A strong start, then a sharp reversal
US-listed spot Bitcoin ETFs took in about $301 million in net inflows last week, ending two straight weeks of outflows. Cointelegraph and Decrypt both reported the figure, which rests on daily flow data from the funds' issuers.
The week was lopsided. Cointelegraph put inflows from Monday to Wednesday at $1.08 billion, as Bitcoin reached a weekly high of $84,777 on Wednesday, according to CoinGecko. Decrypt counted $1.07 billion for the same three days, a small gap that likely reflects differences in the trackers used.
Withdrawals then arrived quickly. Cointelegraph said investors pulled about $774 million on Thursday and Friday while Bitcoin fell back toward $80,000. Decrypt's tracker showed $137.9 million leaving on Friday, the second consecutive day of outflows, for a two-day total of about $773.5 million.
October remains in deficit
The weekly gain did not rescue the month. Both outlets put October's net outflows at about $314 million. Cointelegraph cited Farside Investors data for that number.
Decrypt added that the funds had briefly turned positive for the month midweek. Thursday's $635.6 million exit, the largest single-day outflow of October, pushed them back into the red. Decrypt also noted that October is usually considered a seasonally strong month for Bitcoin holders, which makes the shortfall more notable.
The numbers behind the week
The figures below come from the two outlets' reporting and show how the flows were distributed.
- Net weekly inflow: about $301 million, after outflows of about $228 million and $680 million in the two prior weeks, per Cointelegraph.
- Monday to Wednesday: $1.08 billion in inflows by Cointelegraph's count and $1.07 billion by Decrypt's.
- Thursday: a $635.6 million outflow, the largest of October, according to Decrypt.
- Friday: a $137.9 million outflow, per Decrypt's ETF tracker.
- Cumulative net inflows since launch: $57.6 billion, with $100.2 billion in total net assets, according to Decrypt.
What a research note says about ETF buyers
Cointelegraph pointed to research from market maker DWF Labs, published on Thursday, that questions the idea of ETF investors buying weakness. According to DWF, the funds recorded net withdrawals in 7 of the 8 Bitcoin drops of 15% or more that have occurred since their debut in January 2024. Its summary was blunt: "ETF investors aren't the dip buyers people think they are."
That finding fits the pattern of this week, where money arrived while Bitcoin climbed and left as it retreated. It is a small sample, however, and one week cannot confirm a trend. Readers should treat it as context for the flow data rather than a rule.
Ether and Solana funds tell a weaker story
Ether products did not share the Bitcoin funds' rebound. Both outlets reported that US spot Ether ETFs lost about $221 million last week, and Cointelegraph described it as a fourth consecutive week of net outflows. Decrypt said the funds took in $4.4 million on Friday, yet remain down roughly $1.18 billion for October.
Decrypt also reported that Solana ETFs had no net flows on Friday after losing $8.9 million on Thursday, leaving them down about $68 million this month. Ether funds have drawn $12.7 billion since their launch in July 2024, according to Decrypt, well below the Bitcoin total.
Prices have moved in the same direction. CoinGecko data shows Ethereum is down 13.2% over 30 days, at $2,323, while Bitcoin is down 4.4% over the same period at $80,188. Bitcoin sits well under its all-time high of $126,080, reached in October 2025.
How the two accounts compare
The two outlets agree on the main facts: the $301 million weekly total, the end of the two-week losing streak and the $314 million October deficit. Differences are small and mostly about rounding or tracker methodology, such as $1.08 billion against $1.07 billion for the early-week inflows.
Each adds something the other lacks. Cointelegraph supplies the prior-week flows, the weekly price high and the DWF research. Decrypt supplies the daily breakdown, cumulative asset figures, Ether and Solana fund data and the macro backdrop. Decrypt linked the soft finish to a midweek global selloff in which oil rose above $111 a barrel and AI stocks fell. Cointelegraph referred separately to Brent crude reaching its highest level since March.
Sentiment and what to watch
Cointelegraph reported that the Crypto Fear & Greed Index dropped to a neutral reading of 50 from 59 a week earlier. Decrypt noted that traders on Myriad, a prediction market run by its parent company Dastan, now see a 43% chance of Bitcoin dropping to $77,500 before October ends, up from 32% a day earlier. They put the chance of a fall to $75,000 at 18% and the chance of a rise above $87,500 at 10%. These are trader odds, not forecasts.
Several questions remain open. One is whether Thursday's outflow was a one-off or the start of a longer withdrawal. Another is whether the Ether funds' outflow streak continues into a fifth week. A third is whether oil prices and equity weakness keep weighing on risk appetite. Decrypt also noted that the week began with a J.P. Morgan Asset Management forecast of 10% yearly returns for Bitcoin across ten years, though analysts have since characterised the market as in a wait-and-see mode.
Market snapshot
| Asset | Price | 24h | 7d | Market cap |
|---|---|---|---|---|
| Bitcoin (BTC) | $80,188 | -0.2% | -2.9% | $1.61 trillion |
| Ethereum (ETH) | $2,323 | -0.4% | -4.5% | $283.76 billion |
CoinGecko data as of 2026-10-26 (UTC).
FAQ
How much did US spot Bitcoin ETFs take in last week?
They recorded about $301 million in net inflows, according to both Cointelegraph and Decrypt. That ended a two-week outflow streak, after losses of about $228 million and $680 million in the prior weeks.
Why are Bitcoin ETFs still negative for October?
Heavy outflows on Thursday and Friday, including a $635.6 million exit on Thursday, erased the early-week gains. Both outlets put the October net outflow at about $314 million.
Did Ether ETFs also see inflows last week?
No. Ether ETFs lost about $221 million on the week, according to both outlets. Cointelegraph called it a fourth straight week of net outflows, and Decrypt said they are down roughly $1.18 billion for October.
Sources
- Cointelegraph: Bitcoin ETFs break 2-week outflow streak with $301M comeback (2026-10-26)
- Decrypt: Bitcoin ETFs Snap Two-Week Losing Streak Despite Late-Week Slide (2026-10-25)
- CoinGecko (market data)
Written by the Coinvote news desk from reporting by Cointelegraph and Decrypt. Not financial advice.
