Bitcoin ETFs Lose $82 Million As BlackRock Leads Friday’s Withdrawals

TL;DR: US spot Bitcoin ETFs recorded approximately $82.4 million in net outflows on October 16. BlackRock’s IBIT accounted for $71.8 million of withdrawals, with Fidelity’s FBTC recording about $10.6 million. BlackRock’s flagship spot Bitcoin ETF accounted for most of the selling as US-listed Bitcoin investment funds closed Friday’s session with net withdrawals of approximately $82.4 million. Farside Investors’ figures show that the iShares Bitcoin Trust, known as IBIT, lost $71.8 million on October 16. Fidelity’s Wise Origin Bitcoin Fund recorded around $10.6 million in net outflows, while the remaining products were broadly flat on the day. That concentration matters because IBIT has become one of the clearest measures of Bitcoin demand through traditional brokerage accounts.

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