InvestIndependently confirmed2 publishers2 min readPublished
Ether ETFs' ninth straight day of outflows outweighs bitcoin funds' $21 million inflow
US spot bitcoin ETFs took in $21.13 million on October 9 as ether funds lost $56.10 million, a ninth straight day of outflows. Netted together, about $35 million left the two groups, so the bitcoin rebound is too small to show institutions coming back.
The Investor · Invest desk
What happened
- BlackRock's IBIT took in $22.38 million on its own, more than the category's net, while VanEck's HODL added $2.33 million, Fidelity's FBTC lost $3.58 million and the rest were flat.
- A day earlier bitcoin funds lost $244.13 million and ether funds $72.54 million, part of nearly $1 billion that left the two groups across Wednesday and Thursday.
- Spot bitcoin ETFs have recorded about $679 million of net outflows over the past five trading days, Crypto Briefing reported.
- Glassnode found existing holders behind much of bitcoin's current rally as new capital from ETFs, stablecoins and corporate treasuries slowed, according to Bitcoin.com.
Why it matters
- exposure The bitcoin funds other than IBIT had $1.25 million of net outflows between them, so the category's next daily figure turns almost entirely on one BlackRock product's buyers.
- constraint At Friday's pace the bitcoin funds would need about 32 sessions just to recover the past five days of redemptions.
- contradiction If ETHA supplied the whole ether withdrawal, as Bitcoin.com says, BlackRock's two funds had about $33.7 million of net outflows on the day; Crypto Briefing puts ETHA's part at only a considerable share.
One session supports at least three readings. Bitcoin.com treated Friday as a first hint of stabilization, short of the demand surge that would confirm a new institutional leg higher [13]. Crypto Briefing saw selective buying, with investors adding to bitcoin while trimming ether [7]. The third reading is a pause inside a selling week, and the five-day bitcoin total, still deep in outflows, supports it [14].
Selective buying, or rather the version of it that would show institutions staying in crypto, needs the ether dollars to land in bitcoin funds. On Friday about $2.65 left ether for every dollar that arrived in bitcoin [24]. Scaled to fund size, the gap widens. The ether redemption was roughly 0.36% of that category's $15.71 billion in net assets [17][21]. Bitcoin's inflow was about 0.02% of its $105.84 billion [6][22]. Relative to fund size, ether holders were selling about 18 times as fast as bitcoin buyers were adding [23].
The bitcoin funds' asset total also overstates the buying behind them. Cumulative net inflows since the January 2024 launch are about $57.11 billion, according to Crypto Briefing [5]. Set against $105.84 billion of assets, that leaves roughly $48.7 billion, or 46% of the total, as market gains on coins bought earlier [25]. Bitcoin held near $82,000 on the day, Bitcoin.com reported [10]. Its summary of Glassnode's work says the current pattern resembles earlier phases of the 2024 and 2025 advances, though those periods had much stronger fresh inflows behind them [16].
We think Friday was a pause in a redemption week. Bitcoin.com describes a sustained reduction in institutional ether exposure, with bitcoin drawing only intermittent buying [11], and the new money Glassnode found slowing is the money missing from these flows [15]. The counter-case also comes from Bitcoin.com: after two heavy days of redemptions, a small positive day is what easing pressure looks like at the margin [13]. We would change our view if combined bitcoin and ether flows turned positive across a full week.
What to watch
- Ether funds' tenth session: an end to the streak would be the first sign that ether redemptions are running out.
- Daily flows at FBTC and the other non-BlackRock bitcoin funds, for any sign that buying spreads beyond IBIT.
- Glassnode's next read on new capital from ETFs, stablecoins and corporate treasuries, the inflows that backed the 2024 and 2025 advances.
Clarity's read
What the record supports and how the coverage leans. The claims behind it follow.
Reality
- Evidence72
- Adoption62
- Hype gap+20
- Incentives
- Insufficient
- Confidence70
Claim ledger
Ranked by verification strength, evidence, and original report placement.
- [1]
BlackRock's IBIT took in $22.38 million, more than the bitcoin category's entire net figure; VanEck's HODL added $2.33 million, Fidelity's FBTC had $3.58 million of net withdrawals, and the remaining products posted no net change.
ReportedSupportedSource: Crypto Briefing3 sources— create a free account to open themView cited source - [2]
US bitcoin ETFs lost $244.13 million on Thursday while ether funds shed $72.54 million for an eighth straight day; nearly $1 billion left bitcoin and ether ETFs across Wednesday and Thursday combined.
- [3]
US spot bitcoin ETFs took in $21.13 million in net inflows on October 9 (a Friday), according to SoSoValue data.
ReportedSupportedSource: Crypto Briefing, citing SoSoValue; Bitcoin.com reports the same figure2 sources— create a free account to open themView cited source - [4]
Spot ether ETFs lost $56.10 million on the same day, their ninth consecutive session of net outflows.
ReportedSupportedSource: Bitcoin.com; Crypto Briefing reports the same figure2 sources— create a free account to open themView cited source - [5]
Since the products launched in January 2024, cumulative net inflows into US spot bitcoin ETFs have reached roughly $57.11 billion.
ReportedSupportedSource: Crypto Briefing2 sources— create a free account to open themView cited source - [6]
Total net assets across US spot bitcoin ETFs sit at about $105.84 billion.
ReportedSupportedSource: Crypto Briefing; Bitcoin.com reports the same figure2 sources— create a free account to open themView cited source - [7]
Crypto Briefing wrote that investors were not abandoning crypto ETFs wholesale; on October 9 they were selectively adding to bitcoin while trimming ether.
ReportedSupportedSource: Crypto Briefing2 sources— create a free account to open themView cited source - [8]
The full ether ETF withdrawal on the day came from BlackRock's ETHA.
- [9]
BlackRock's ETHA accounted for a considerable share of the ether ETF withdrawal.
ReportedSupportedSource: Crypto Briefing2 sources— create a free account to open themView cited source - [10]
Bitcoin's price held at $82,000.
ReportedSupportedSource: Bitcoin.com headline2 sources— create a free account to open themView cited source - [11]
Ether has faced a sustained reduction in institutional exposure while bitcoin has at least managed to attract intermittent buying.
- [12]
Bitcoin ETFs other than IBIT had net outflows of $1.25 million between them on October 9.
- [13]
Bitcoin.com said Friday suggested institutional pressure may be easing at the margin and offered a first hint of stabilization, but did not yet deliver the demand surge that would confirm a fresh institutional leg higher.
- [14]
Over the past five trading days, spot bitcoin ETFs recorded cumulative net outflows of approximately $679 million.
- [15]
Glassnode noted that existing holders appear to be behind much of the current bitcoin rally, while new capital from ETFs, stablecoins and corporate treasuries has slowed.
- [16]
The current pattern resembles earlier phases of the 2024 and 2025 bitcoin advances, though those periods were supported by much stronger fresh inflows.
- [17]
Ether ETF net assets closed at $15.71 billion.
- [18]
Combined bitcoin and ether ETF net flow on October 9 was about -$34.97 million.
- [19]
At Friday's inflow pace, bitcoin ETFs would need about 32 sessions to recover the five-day net outflow.
- [20]
If ETHA supplied the full ether withdrawal, BlackRock's IBIT and ETHA together had about $33.72 million of net outflows on October 9.
- [21]
The ether ETF outflow was about 0.36% of ether ETF net assets.
- [22]
The bitcoin ETF inflow was about 0.02% of bitcoin ETF net assets.
- [23]
Relative to fund size, the ether outflow was about 18 times the bitcoin inflow.
- [24]
About $2.65 left ether ETFs for every dollar that entered bitcoin ETFs on October 9.
- [25]
Roughly $48.73 billion, about 46% of US spot bitcoin ETF assets, is the excess of assets over cumulative net inflows, i.e. approximately market gains.
Sources
2 independent publishers whose own reporting we read for this story.
- cryptobriefing.comBlackRock ETF clients buy $22.38 million worth of Bitcoin
2 articles · October 9, 2026
- news.bitcoin.comBitcoin Price Holds $82K as Blackrock Leads ETF Rebound
1 article · October 10, 2026
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