Bitcoin ETFs shed hundreds of millions as Bitcoin holds near $81,500

US spot Bitcoin ETFs just had a rough couple of days. A widely shared post on X put net sales at $702 million through Thursday, while daily flow data shows approximately $729 million leaving the funds across October 7 and 8. The asset traded between $81,500 and $83,000 during this period. Two days, two big redemptions The selling came in two waves. October 7 saw $484.9 million in net outflows, and October 8 added another $244.1 million. BlackRock’s IBIT accounted for $207.7 million of the first day’s losses. Fidelity’s FBTC took the lead on day two with a $197.1 million outflow. That single fund made up most of October 8’s total redemptions. This was the second straight day of withdrawals, enough to wipe out the inflows that had arrived in early October, leaving the month slightly in negative territory. Five-day net outflows reached $512.4 million. The 21-day window, however, remained modestly positive. Bitcoin briefly slipped below $81,000 before recovering back into its range. September’s comeback, October’s hangover In September 2026, Bitcoin ETFs staged a notable rebound, flipping year-to-date flows to a positive $2.4 billion. Earlier in the year, the funds had been sitting on ...