Bitcoin ETF outflows hit $635M as BTC price tests $81K support
Spot Bitcoin [$BTC] ETF recorded its biggest outflows since June 2025 on the 22nd of October, 2026, worth $635.5 million.
On the same day, BlackRock’s IBIT led the withdrawals with $254.1 million. This was followed by Fidelity’s FBTC at $217.5 million, $ARK 21Shares’ ARKB at $109.4 million, Bitwise’s BITB at $27.4 million, and Grayscale’s GBTC at $29.5 million.
In fact, together, these products accounted for the bulk of the daily outflow. Meanwhile, on the other hand, Morgan Stanley’s MSBT recorded a relatively small $2.3 million inflow that provided little offset to the broader selling pressure.
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Trend reversal
The scale of the withdrawals was particularly striking because it erased the positive momentum built up during the preceding two sessions, which had collectively attracted more than $1.05 billion.
Source: Farside Investors
In fact, according to AMBCrypto’s recent report, Bitcoin ETFs recorded a massive $663 million in inflows, marking their largest single-day intake in two months.
At the same time, Switzerland’s FINMA approved a physically backed Bitcoin fund, BBIT, for retail investors, with trading expected to begin on the SIX Swiss Exchange in November.
Bitcoin is back near the $81K radar
This $BTC ETF rollercoaster came as Bitcoin was trading at $81,612.79 at press time after a modest drop in the past 24 hours but a drop of over 5% in the past month.
In other words, Bitcoin is once again back in the playground, where it is testing the $81,000 level. That said, Glassnode describes this price level as the estimated cost basis of investors in U.S. spot Bitcoin ETFs.
Source: Glassnode
For those unaware, the ETF cost basis refers to the average price at which investors acquired Bitcoin exposure through these funds. This level usually influences investor behavior.
So, if $BTC remains above $81,000, the level could act as support and help stabilize the market. However, a sustained break below the $81K price level could weaken sentiment, particularly among investors who entered the market around this price.
Did altcoin ETFs mirror $BTC ETFs?
On the other hand, other altcoin ETFs somewhat followed a similar pattern as $BTC ETFs.
Source: SoSo Value
According to SoSo Value data, Ethereum [ETH] ETFs recorded $110.50 million in outflows, followed by Solana [SOL] ETF, which saw $8.51 million in outflows, and Hyperliquid [HYPE] ETF, which saw $7.88 million worth of outflows.
Notably, the newly launched Zcash [ZEC] ETF recorded $14.23 million in inflows, followed by the XRP ETF, which saw inflows worth $3.55 million all this on the 22nd of October.
Final Summary
- BlackRock’s IBIT, Fidelity’s FBTC, $ARK 21Shares’ ARKB, Bitwise’s BITB, and Grayscale’s GBTC accounted for the bulk of the daily outflow.
- Bitcoin was trading at $81,612.79 at press time after a modest drop in the past 24 hours.
