How Bitcoin ETF Weekly Flows Kept $301M After Two Days of Outflows

US spot Bitcoin ETF weekly flows closed the week ending October 23, 2026 in the green, securing about $301 million in net gains to break a two-week losing streak. These gains held firm even after roughly $773.5 million left the funds over Thursday and Friday combined, according to Farside Investors data cited by NewsBTC.

It proved to be a round trip for capital. Monday through Wednesday brought in $1.0747 billion, before two red sessions gave back the majority of those gains. The remaining amount — $301.2 million according to Farside’s figures checked on October 24 — represents roughly a fifth of the early-week haul, which was just enough to snap the downward slide.

Readers should note that this total remains provisional. Preliminary figures from Farside displayed a dash for VanEck’s Friday entry at the time of checking, and a dash has not yet been converted into a confirmed zero within the underlying data. Subsequent updates could alter the weekly figure in either direction. Overall, Bitcoin funds demonstrated more resilience than Ethereum funds during that week’s listed-vehicle trade.

Read More: Bitcoin Holds Above $80K Even as Its Daily Loss Reaches 1%

What Happened: Bitcoin ETF Weekly Flows End $301M in the Green

The $1.0747 billion influx seen from Monday through Wednesday coincided with Bitcoin climbing to a weekly peak of $84,777 on Wednesday, according to Cointelegraph. Subsequently, Thursday saw outflows of $635.6 million followed by another $137.9 million on Friday, marking a combined reversal of $773.5 million as BTC pulled back toward the $80,000 mark.

This selloff extended beyond the cryptocurrency sector. Midweek global markets dropped as oil prices climbed past $111 a barrel and AI stocks declined. This classic cross-asset risk-off movement typically impacts the most liquid crypto vehicles first. Bitcoin slid into the weekend, registering $80,490 on Saturday—down 1.1% over a 24-hour period and 1.2% for the week. Ethereum decreased by 2.6% to approximately $2,344, Solana dropped 2.8% to about $101, and the total crypto market capitalization fell 1.2% to $2.79 trillion.

The arithmetic breaks down simply: $1,074.7 million in, $773.5 million out, leaving $301.2 million.

Looking at the broader month, the funds remain underwater. October net outflows stood at roughly $314 million after Thursday’s single-session exit—the largest daily withdrawal of the month—erased a midweek push that had briefly put October into positive territory.

Who Is Behind the Flow Numbers

Friday’s Bitcoin redemptions centered primarily on two funds: BlackRock’s IBIT, which saw $110.3 million leave, and Fidelity’s FBTC, which dropped $31.8 million. Conversely, Morgan Stanley’s MSBT registered a $4.2 million inflow.

Published totals come with their own caveats. Farside continued to show a dash for VanEck’s Friday entry in both its Bitcoin and Ether tables upon checking. Because a dash does not equal a confirmed zero, upcoming updates may adjust the weekly figures.

Background: How the Two-Week Streak Cracked

The broken streak, though narrow, was significant. The funds shed about $228 million the week before last and roughly $680 million the week prior to that. The recently concluded seven-day period had briefly pushed the entire month into the green before Thursday’s $635.6 million exit reversed the progress.

Longer-term metrics remain firmly positive. Bitcoin ETFs have accumulated $57.6 billion in cumulative net inflows since launching in January 2024 and manage $100.2 billion in total net assets, according to Decrypt. Ethereum funds have pulled in $12.7 billion since their introduction that July, while Solana funds debuted late last year.

The week initially started with an optimistic tone after J.P. Morgan Asset Management projected 10% annual returns for Bitcoin over the coming decade. However, the asset subsequently settled into what analysts categorize as a “wait-and-see” stance. Prediction-market traders interpreted the late-week decline as a signal to turn more bearish on the month’s close: they assigned a 43% probability to Bitcoin falling to $77,500 before October ends, up from 32% the day before, and an 18% probability for $75,000. Meanwhile, the odds of surpassing $87,500 dropped from 17% down to 10%. Solana bulls narrowly led bears with a 51.6% chance of reaching $160 before $40 (down from 54.9%), whereas Ethereum’s odds of hitting $3,000 before $1,500 remained steady at 61.3%.

Sentiment softened alongside the fund flows. The Crypto Fear & Greed Index dropped to a “Neutral” score of 50, down from a “Greed” score of 59 the previous week, with Bitcoin trading at $80,025 at the time of that reading—marking a roughly 3.3% decline over the preceding seven days.

What The Bitcoin and Ether ETF Numbers Show

Ether funds experienced the opposite dynamic. US spot Ether ETFs reported a $4.4 million inflow on Friday, but a substantial $110.6 million withdrawal on Thursday resulted in a provisional weekly outflow of $220.7 million. This marked their fourth consecutive losing week and brought October outflows to roughly $1.18 billion. Across the same tables, the minor final-session gain failed to make a meaningful dent in the prior redemptions. Solana ETFs recorded zero net flows on Friday following an $8.9 million withdrawal on Thursday, leaving them down approximately $68 million for the month.

This performance aligns with a pattern highlighted by DWF Labs on Thursday. Their research revealed net outflows in seven out of eight Bitcoin market sell-offs of at least 15% since spot funds launched in January 2024, leading the market maker to write that “ETF investors aren’t the dip buyers people think they are.”

Where capital sits within the broader market snapshot tells a separate story. Bitcoin traded at $80,228 on Monday morning UTC, down 0.12% over 24 hours, supported by a $1.61 trillion market capitalization and $19.2 billion in 24-hour trading volume, per CoinGecko.

What The $301 Million Figure Does Not Say

A weekly flow figure represents a netted total rather than an exact headcount of distinct buyers. It does not indicate who bought or sold, the intended duration of anyone’s holding period, or activity occurring across alternative avenues for accessing crypto.

Daily metrics also carry more noise than they appear to show. Research cited earlier in 2026 found that funds logged net outflows on 93 out of 190 trading days for the year—roughly 48%—yet still accumulated net inflows overall for 2026. This is why analysts place more weight on weekly and monthly balances than on any individual trading session.

Mechanical distinctions are equally important here. Trading pre-existing ETF shares among investors during a single session does not trigger a corresponding shift in the fund’s underlying assets, meaning turnover and net flows answer completely different questions. Similarly, blockchain transfers involving a custodian do not provide a complete account of subscriptions and redemptions on their own; fund-flow statistics, share counts, and custody movements must each be evaluated within their specific contexts.

What Happens Next: Watch the Next Weekly Print

The next five trading sessions will determine whether fresh subscriptions can rebuild the demand lost on Thursday and Friday. A positive weekly balance keeps that possibility alive, but a two-day reversal erasing nearly three-quarters of weekly gains offers little backing to the notion of institutional investors acting as one-directional buyers.

Expect further clarity regarding the exact totals once Farside’s outstanding Friday entries are fully resolved—the current $301.2 million metric remains provisional and is subject to change in future updates.

Risks and Red Flags

The primary concern within this dataset involves incomplete entries. A dash for VanEck’s Friday figures across both tables means the weekly aggregates are not final, and future corrections could diminish the $301 million figure depending on what that session actually generated.

Directional momentum presents a second hurdle. Thursday’s $635.6 million exit marked the largest single-day outflow of October, occurring alongside price weakness rather than independent of it. If Bitcoin continues sliding toward $80,000, DWF’s findings suggest that historical ETF investor behavior leans toward selling into market declines rather than buying them.

Market concentration is another factor. Two specific funds—IBIT and FBTC—accounted for nearly all reported Friday Bitcoin outflows, meaning the weekly figures reflect a handful of sizable portfolio adjustments rather than broad-based demand.

An additional risk stems from the macroeconomic landscape. The University of Michigan’s final October survey indicated rising inflation expectations ahead of the Federal Reserve’s upcoming meeting, introducing new complications for Bitcoin’s macro backdrop just as the ETFs attempt to string together a second consecutive positive week.

This article is for information only and is not financial advice.

?FAQ

01How much did US spot Bitcoin ETF weekly flows gain?

About $301 million net for the week ending October 23, 2026, based on Farside Investors data, which successfully broke a two-week losing streak.

02How much left the funds on Thursday and Friday combined?

Roughly $773.5 million—comprising $635.6 million on Thursday and $137.9 million on Friday—which wiped out most of the $1.0747 billion brought in from Monday through Wednesday.

03Which Bitcoin ETFs had the largest reported Friday outflows?

BlackRock’s IBIT saw $110.3 million leave, while Fidelity’s FBTC shed $31.8 million. Conversely, Morgan Stanley’s MSBT recorded a $4.2 million inflow.

04How did Ether and Solana ETF flows compare that week?

Ether funds finished the week with a provisional net outflow of approximately $220.7 million despite a reported $4.4 million Friday inflow, marking their fourth consecutive losing week. Solana ETFs recorded zero net flows on Friday and remain down roughly $68 million for the month.

05How much have Bitcoin ETFs lost in October?

Approximately $314 million net for the month through the reported week, following a brief midweek period in the positive. Thursday’s $635.6 million exit pushed October back into negative territory.

06Do Bitcoin ETF flows tell you who is buying or selling?

No. Flow totals net subscriptions against redemptions, meaning positive or negative sessions can result from a few large portfolio adjustments instead of a broad shift in market demand.