Topic
Daily and month-to-date net inflow and outflow data for US spot Bitcoin exchange-traded funds.
US spot Bitcoin ETFs recorded $729.0 million of net outflows on October 7 and 8 [d1], and Bitcoin now trades near $84,234 [c1]. The $87,000 ceiling formed while the funds were still net buyers [c4], so the outflows fit the dip better than the cap.
Reality
Bitcoin traded near $84,050 on Monday after U.S. spot ETFs shed $681 million last week, the largest weekly outflow since June. That leaves it about 2.4% above the $82,000 support analysts name, with the Oct. 14 U.S. inflation data due next.
Reality
Eight sessions of net buying is the strongest evidence yet that the bid is institutional, but daily size has fallen 62% from the peak and 72% of the money came from a single fund.
Reality
Two days of spot ETF inflows add to roughly $1.12 billion. The short liquidations cited alongside them are more than three times that, and they only pay once.
Reality
Spot bitcoin ETFs pulled $606 million on August 20, and IBIT kept $503 million of it. The month's record total is mostly one issuer, and the first fund liquidation shows why.
Reality