Spot Bitcoin and Ether ETFs Post Weekly Outflows in October Slide
Da Coinvote
US spot Bitcoin and Ether ETFs lost about $229 million and $320 million respectively last week, extending an October slide that has made it the worst month of 2026 for Ether funds. Decrypt reports about $615 million in October net outflows from Bitcoin funds and links the selling to stronger-than-expected inflation data and renewed expectations of a Federal Reserve rate hike.
Two straight weeks of redemptions, with Ether leading the latest drop
US spot Bitcoin and Ether exchange-traded funds both saw net outflows last week, Cointelegraph reported, citing SoSoValue. Bitcoin products accounted for about $229 million of that and Ether products for $320 million. It was the second consecutive weekly loss for Bitcoin funds and the third for Ether funds.
The pace eased from the week before, when the two groups together lost $1.22 billion. Cointelegraph said Ether funds have seen net withdrawals of about $955 million since the start of October, a larger monthly total than any other month of 2026.
How the Bitcoin fund week unfolded, session by session
Decrypt's ETF tracker adds the day-by-day detail. Bitcoin funds took in $175.7 million on Tuesday, then lost $261.4 million on Wednesday, the worst session of the week. Thursday brought a modest $5.1 million inflow, and Friday saw $82.4 million leave. On three of the five sessions, more money left the funds than came in.
For the week, Bitcoin funds lost a net $228.6 million per SoSoValue, following a $681.1 million drain the week before. That is about $910 million across two weeks. Decrypt's own tracker shows October down about $615 million after the month opened with roughly $293 million in inflows. Decrypt dates the start of the steeper decline to Oct. 7, when $484.9 million left the funds, their heaviest single-day withdrawal since June.
Hot inflation and rate-hike bets framed the selling
Decrypt connected Wednesday's redemptions to September consumer price data, which showed annual inflation of 3.7%, compared with an expected 3.6%. A producer price reading that also came in above expectations on Thursday revived bets on another Federal Reserve rate hike, Decrypt reported. The outlet explained the mechanism plainly: persistent inflation tends to keep rates and Treasury yields high, so a near-risk-free return of around 5% competes with assets like Bitcoin, while costlier credit squeezes leveraged traders.
Price action added pressure. On Thursday Bitcoin dipped under $80,000 for a short time. CoinGlass data cited by Decrypt showed close to $950 million of leveraged crypto positions closed out within 24 hours, with roughly nine in ten of them long bets. Nexo analyst Iliya Kalchev told Decrypt that the decline took Bitcoin under what ETF holders paid on average, an estimated $82,300. Bitcoin now trades at $82,170 on CoinGecko, just under that level. Cointelegraph's report does not assign a cause to the outflows.
The numbers that frame the week
The main figures reported by the two outlets are below.
- Bitcoin and Ether fund outflows last week: both groups in net withdrawals (Cointelegraph, SoSoValue).
- Bitcoin funds: about $229 million out last week, $228.6 million by Decrypt's reading of SoSoValue.
- Ether funds: $320 million out last week and roughly $955 million out in October.
- For 2026 as a whole, Bitcoin funds remain net positive by around $259 million, and Ether funds by about $610 million.
- Other products last week: Solana ETFs lost about $26 million, Zcash $19 million, Hyperliquid $18 million, XRP $1.8 million and BNB $285,000.
Where the two outlets agree and where they differ
Both outlets rely on SoSoValue for the weekly Bitcoin figure and arrive at nearly the same number, $229 million versus $228.6 million. They also agree that outflows have now run for two straight weeks. Cointelegraph widens the lens to Ether and altcoin funds, while Decrypt concentrates on Bitcoin and explains the macro backdrop.
The accounts diverge on some totals. Decrypt reports total net assets of $104.29 billion from SoSoValue, while its own tracker puts the figure at $100.2 billion. Cointelegraph's $1.22 billion for the prior week covers Bitcoin and Ether together, whereas Decrypt's $681.1 million covers Bitcoin alone, so the two should not be compared directly. Bitcoin prices also differ slightly by timestamp: Cointelegraph cited $82,783 at publication and Decrypt cited a Friday close near $81,590, down from about $82,337 a week earlier.
Why the Ether outflows stand out
Ether is the weaker of the two majors. CoinGecko shows it at $2,415, down 5.2% over seven days and 8.2% over 30 days, against a record of $4,946 set on 2025-08-24. Ethereum's DeFi total value locked stands at $50.02 billion on DefiLlama. None of the outlets says the fund withdrawals drove those moves.
Decrypt says issuers publish flows every day and that institutions and financial advisers supply much of the money, so investors follow the numbers as a read on sentiment. Readers tracking smaller Ethereum projects can follow new Ethereum token listings on Coinvote, where 62 community votes had been cast today, or browse Ethereum meme coins to see how interest is spread.
Open questions for the weeks ahead
The first question is whether outflows keep slowing. Cointelegraph's combined weekly figure fell from $1.22 billion to roughly half a billion dollars, but Decrypt's tracker still puts Bitcoin funds well below where October began. The second is whether Bitcoin can reclaim the roughly $82,300 average cost basis Kalchev described, since holders sitting under water can behave differently from those in profit.
The third is policy. Decrypt reported that bets on another Fed hike were revived after the inflation prints, so the next economic releases could decide whether redemptions continue. Finally, Ether's record month of outflows leaves open whether its year-to-date inflows of about $610 million hold or are eroded.
Market snapshot
| Asset | Price | 24h | 7d | Market cap |
|---|---|---|---|---|
| Bitcoin (BTC) | $82,170 | +0.2% | -1.3% | $1.65 trillion |
| Ethereum (ETH) | $2,415 | -0.1% | -5.2% | $294.98 billion |
| BNB (BNB) | $724 | +0.1% | -3.4% | $95.24 billion |
| XRP (XRP) | $1.30 | +0.2% | -7.2% | $82.06 billion |
| Hyperliquid (HYPE) | $78.97 | +0.1% | -8.8% | $17.57 billion |
CoinGecko data as of 2026-10-19 (UTC); DeFi TVL from DefiLlama: Ethereum $50.02 billion.
On Coinvote
- New Ethereum Tokens Listed Today: 2,926 projects tracked, 2 new listings in 7 days, 62 community votes today.
- Best Ethereum Meme Coins Today: 256 projects tracked, 0 new listings in 7 days, 2 community votes today.
FAQ
How much did Bitcoin and Ether ETFs lose last week?
US spot Bitcoin and Ether ETFs both recorded net outflows, according to Cointelegraph citing SoSoValue. Bitcoin funds lost about $229 million and Ether funds lost $320 million.
Why were Bitcoin ETFs seeing outflows?
Decrypt tied Wednesday's selling to a September inflation reading of 3.7% that beat the 3.6% forecast, followed by a hot producer price reading that revived rate-hike bets. Bitcoin also briefly fell below $80,000 on Thursday, and about $950 million in leveraged positions were liquidated.
Are Bitcoin and Ether ETFs still positive for 2026?
Yes, according to Cointelegraph. Across 2026, Bitcoin funds are net positive by around $259 million and Ether funds by about $610 million, even after the October withdrawals.
Sources
- Cointelegraph: Bitcoin, Ether ETFs shed $549M as October ETH outflows near $1B (2026-10-19)
- Decrypt: Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red (2026-10-18)
- CoinGecko (market data), DefiLlama (TVL), Coinvote listing and vote data
Written by the Coinvote news desk from reporting by Cointelegraph and Decrypt. Not financial advice.
