Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis
BitcoinEthereumBlackrock
Less than 1 min.Read

Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis

Coin Bino
By Coin Bino

On Thursday, US spot Bitcoin exchange-traded funds experienced approximately $635 million in net outflows while the leading cryptocurrency hovered close to the estimated cost basis of the funds’ aggregate Bitcoin reserves. The redemptions on Oct. 22 marked the heaviest single-day outflow since June 25, effectively wiping out nearly 60% of the capital inflows the funds had gathered across the prior three trading sessions.

Frequently Asked Questions

  • How much did US spot Bitcoin ETFs lose on Thursday?
    The funds recorded approximately $635 million in net outflows.
  • When was the last time daily outflows were this large?
    Thursday’s withdrawals marked the largest daily outflow since June 25.
  • How do these outflows compare to recent trading sessions?
    The withdrawals reversed nearly 60% of the inflows the funds attracted over the previous three trading sessions.
  • What was Bitcoin’s price behavior during these outflows?
    BTC was trading near the estimated cost basis of the funds’ Bitcoin holdings.

Hot this week

DeFi

Uniswap adds seven trading sources as 0x disputes its protection from malicious hooks

0
Uniswap Labs has integrated aggregator hooks across Ethereum, Base, and Robinhood Chain to route swaps through external liquidity venues like Curve and PancakeSwap, while 0x previously raised security concerns regarding malicious third-party hooks.
Analysis

Fake election polls expose a Kalshi loophole that could leave traders paying for fraud

0
Polling firm Wedgewood confessed to fabricating election surveys, exposing a potential loophole through data aggregator VoteHub, which serves as the designated source for recurring Kalshi election contracts.
Event

Reinventing Venture Capital Summit Brings Family Offices, LPs and Angel Investors to San Francisco on October 29

0
SAN FRANCISCO, October 19, 2026 – Reinventing Venture Capital,...
Analysis

CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit

0
CryptoQuant CEO Ki Young Ju states that Bitcoin could maintain a price floor of $30,000 even if institutional investors and treasury firms completely unwind their massive market exposure and holdings.
Digital Asset Treasuries

MSCI’s new rules could squeeze Strategy’s Bitcoin buying machine

0
Strategy faces potential exclusion from MSCI indexes under new guidelines barring non-operating businesses, just as its shares trade significantly below their all-time high following the October announcement.

Topics

DeFi

Uniswap adds seven trading sources as 0x disputes its protection from malicious hooks

0
Uniswap Labs has integrated aggregator hooks across Ethereum, Base, and Robinhood Chain to route swaps through external liquidity venues like Curve and PancakeSwap, while 0x previously raised security concerns regarding malicious third-party hooks.
Analysis

Fake election polls expose a Kalshi loophole that could leave traders paying for fraud

0
Polling firm Wedgewood confessed to fabricating election surveys, exposing a potential loophole through data aggregator VoteHub, which serves as the designated source for recurring Kalshi election contracts.
Event

Reinventing Venture Capital Summit Brings Family Offices, LPs and Angel Investors to San Francisco on October 29

0
SAN FRANCISCO, October 19, 2026 – Reinventing Venture Capital,...
Analysis

CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit

0
CryptoQuant CEO Ki Young Ju states that Bitcoin could maintain a price floor of $30,000 even if institutional investors and treasury firms completely unwind their massive market exposure and holdings.
Digital Asset Treasuries

MSCI’s new rules could squeeze Strategy’s Bitcoin buying machine

0
Strategy faces potential exclusion from MSCI indexes under new guidelines barring non-operating businesses, just as its shares trade significantly below their all-time high following the October announcement.
Derivatives

Ripple opens Wall Street’s door to Hyperliquid’s $59 billion trading market

0
Institutions trade swaps referencing more than 100 traditional financial markets around the clock, with Ripple Prime as the principal counterparty, Ripple announced on Oct. 15. The swaps cover stocks, equity indices, ETFs, metals, energy and foreign exchange, and they reference perpetual contracts that Trade.xyz lists on Hyperliquid. The structure offered by Ripple Ripple offers consolidated……
Analysis

Bitcoin’s $100,000 dream slips away as $939 million crypto wipeout pushes traders toward $78,000

0
Bitcoin fell to an intraday low of $79,730 during a massive cryptocurrency selloff driven by rising U.S. wholesale inflation, resulting in nearly $940 million in liquidations across the market.
Analysis

Bitcoin plunges to $81,300 support as Fed hike odds hit 55% amid $100 million crypto wipeout

0
Bitcoin fell below $83,000 to $81,300 support after hotter-than-expected U.S. inflation data increased Federal Reserve rate hike odds to 55%, triggering a $100 million crypto liquidation wipeout.
spot_img

Related Articles

Popular Categories

Events & ConferencesTradingPress ReleaseAnalysisMarketBitcoinDerivatives
spot_imgspot_img
Previous article
Uniswap adds seven trading sources as 0x disputes its protection from malicious hooks
Uniswap adds seven trading sources as 0x disputes its protection from malicious hooks