Bitcoin ETFs Shed $89.8M on Oct. 5 as Only BlackRock's IBIT Gains

US spot bitcoin exchange-traded funds started the week in the red. On Monday, October 5, they posted a combined net outflow of $89.8 million, according to Farside data compiled by FinanceFeeds. BlackRock's iShares Bitcoin Trust (IBIT) was the only fund to attract money, taking in $69.9 million. ARK 21Shares' ARKB lost $85.2 million and Fidelity's FBTC $74.5 million, while every other fund, including both Grayscale products, reported zero flows.

Rotation between issuers, not a rush for the exit

Monday's outflow broke a two-session run of inflows. According to TFTC's October tracker, the funds took in $102.7 million on October 1 and about $190 million on October 2, with IBIT alone adding $158.2 million on the second day. Even after Monday, October remains net positive at roughly $202.6 million over three trading sessions.

The previous week was the third straight week of inflows for the product group: $241.1 million, lifting cumulative net inflows to $57.8 billion, per SoSoValue data cited by Cointelegraph. As of October 5, spot bitcoin ETFs held $110.77 billion in net assets, about 6.43% of bitcoin's market capitalization, according to SoSoValue figures reported by KuCoin News. IBIT's cumulative inflows since launch stand at $65.8 billion, more than the category's total, which means the other funds combined are net negative since inception.

Other crypto ETFs also bled on Monday. Ether funds lost $18.9 million, all of it from Fidelity's FETH, extending their outflow streak to five sessions and about $174.1 million. Solana ETFs shed $9.2 million, led by Bitwise's BSOL ($7.1 million) and Fidelity's FSOL ($2.1 million). Across bitcoin, ether and solana products, net outflows totaled $117.9 million.

The flows came as bitcoin struggled with resistance. On Tuesday it slipped about 1.2% to around $85,600 after being rejected at $87,000 for the third time since September 23, CoinDesk reported. Live price and derivatives data are on our market pulse and bitcoin page.

What it means

An $89.8 million outflow is small against $110.8 billion in assets: well under 0.1% of the category. The more telling detail is its structure. Money keeps concentrating in BlackRock's fund while ARKB and FBTC see redemptions, so headline "outflow" days can hide steady demand at the largest issuer. For bitcoin's price, ETF flows matter mainly as a gauge of institutional appetite; a single negative session after three positive weeks does not yet change that picture. The next signals to watch are whether ether funds break their five-day losing streak and whether the October tally stays positive. Our daily brief tracks the flows each morning.