US spot Bitcoin ETFs end two-week losing run with $301m weekly inflow

Key points

• US spot Bitcoin ETFs lost $138m on 23 October, a second straight day of outflows totalling about $774m, per Decrypt's ETF tracker.
• The funds ended the week up roughly $301m, breaking a two-week losing streak, but are down about $314m for October.

US spot Bitcoin ETFs ended a two-week losing streak with about $301m of net inflows for the week, Decrypt reports, even as the funds shed $138m on Friday. That made two consecutive days of outflows, which together took about $774m out of the funds and ate into a $1.07bn run of inflows from Monday to Wednesday.

October remains in the red for the Bitcoin funds. They briefly turned positive for the month midweek, but Thursday's $636m exit, the largest of the month, pushed them back down, leaving them about $314m lower for October. Cumulative net inflows since the funds launched in January 2024 stand at $57.6bn, with $100bn in total net assets.

Ethereum ETFs took in $4.4m on 23 October but lost about $221m over the week and are down roughly $1.18bn for October. Solana ETFs had no net flows on 23 October after shedding $8.9m on Thursday, and are down about $68m in October.

Prices slid into the weekend. Traders on Myriad, a prediction market run by Decrypt's parent company Dastan, put 43% odds on Bitcoin dropping to $77,500 in October, up from 32% a day earlier.

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