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Business · Cryptocurrency · published 2026-10-23 · via The Block

Bitcoin funds return to negative flows after $636M withdrawal day

Image via The Block
Image via The Block

U.S. spot bitcoin ETFs recorded $636 million in net redemptions on Thursday, reversing the prior session's positive flows. BlackRock's IBIT accounted for $254.1 million of the outflows, and four additional funds also saw withdrawals.

Expanded Detail

The latest session brought a reversal for U.S. spot bitcoin exchange-traded funds: they recorded $636 million in net withdrawals on Thursday after the prior day’s inflows. BlackRock’s IBIT was tied to $254.1 million of the money leaving, and four other funds also experienced withdrawals. These figures capture a single day of fund flows and do not by themselves show whether the shift will persist.

Context

The reversal could affect retail and institutional investors who use bitcoin funds for exposure, potentially influencing sentiment and liquidity in crypto-related products. It may also shape how advisers and trading platforms frame risk for clients. Still, one day of withdrawals is unlikely to settle questions about long-term adoption or market stability.

Expanded detail and Context are AI-generated analysis; the linked article remains the authoritative source.
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This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows.” Browse more stories.