Bitcoin ETFs Shed $65M on Oct. 12, Ether ETFs Lose $85M in 10th Day

US spot bitcoin ETFs lost $65.4 million on Monday, October 12, and every dollar of it left through a single fund, BlackRock's IBIT. Spot ether ETFs shed another $85.4 million the same day, their tenth straight session of outflows. Combined, the two groups of funds gave up $150.8 million. The SoSoValue figures are reported by KuCoin News and TokenPost, and the TFTC table built on Farside data shows the same $65.4 million outflow.

Details

Of the twelve bitcoin funds, only IBIT moved: −$65.4 million. Fidelity's FBTC, ARKB, BITB, GBTC and the rest ended the day flat, with no creations or redemptions. That reverses Friday, when the funds took in $21.1 million, almost entirely through the same IBIT. Trading value across all bitcoin ETFs was $1.23 billion, of which $1.01 billion was in IBIT. Total net assets stand at $106.06 billion, or 6.35% of bitcoin's market cap; cumulative net inflows since January 2024 are $57.04 billion, and IBIT alone accounts for $65.67 billion.

The week of October 5⁠–⁠9 ended with $681 million leaving bitcoin ETFs: −$89.9 million on Oct. 5, +$118.9 million on Oct. 6, −$487.1 million on Oct. 7, −$244.1 million on Oct. 8 and +$21.1 million on Oct. 9. Monday added one more red day to that run, if a much smaller one.

Ether funds are bleeding harder and longer. According to SoSoValue data cited by KuCoin News, $85.4 million left the funds on October 12, about one and a half times Friday's $56.1 million. Two of the eleven products saw redemptions: BlackRock's ETHA lost $75.1 million and Grayscale's Ethereum Mini Trust lost $10.3 million, while the other nine were flat, TokenPost reports. The outflow streak dates back to September 29. Ether ETFs hold $15.86 billion in net assets, 5.15% of ethereum's market cap, with cumulative net inflows of $13.17 billion since launch.

What it means for the market

Monday showed that buyers never came back to FBTC and ARKB, and that IBIT, which carried the market on Friday, turned into the seller. This is not a panic: $65 million is 0.06% of bitcoin ETF assets and roughly a seventh of the October 7 outflow. But there is no sign of fresh demand either; over the six trading days since October 5 the funds have given up about $746 million. Bitcoin, meanwhile, dipped to $81,000 overnight and recovered; it traded near $83,200 as of 9:30 AM ET, and the live price is on the daily dashboard.

For ether ETFs, ten straight days of outflows is the headline: the selling is concentrated in ETHA, BlackRock's flagship fund, and Monday's amount grew rather than faded. Until that streak breaks, institutional demand for ETH remains an open question. For how to read ETF flows, and why a single fund can set the whole day's result, see our explainer.