U.S. spot Bitcoin ETFs recorded a second straight day of net outflows on Friday, with $137.94 million leaving the funds. Combined with Thursday’s $635.49 million exit, the two-day total reached $773.43 million, according to SoSoValue data reported by CoinDesk.
Summary
- Spot Bitcoin ETFs saw a net outflow of $137.94 million on Friday, October 23, following Thursday’s $635.49 million outflow.
- BlackRock’s IBIT led Friday’s exits with $110.34 million in outflows; Fidelity’s FBTC lost $31.78 million.
- Morgan Stanley’s MSBT was the only fund with an inflow, adding $4.19 million.
- Despite the two outflow days, weekly flows remained positive at roughly $228.2 million.
Friday’s outflow was about a fifth of the size of Thursday’s, which was the largest single-day exit since late June. The selling was concentrated in the two largest funds.
IBIT led a smaller second day
BlackRock’s IBIT accounted for $110.34 million of Friday’s outflow and Fidelity’s FBTC for $31.78 million. Morgan Stanley’s MSBT moved against the trend with a $4.19 million inflow.
Analyst Crypto Tony noted on X that $79,800 is the next logical bounce zone as Bitcoin tests the $80,000 support area.
The week still closed positive
The two red days did not erase the week’s earlier gains. Weekly ETF flows stayed positive at roughly $228.2 million, while Farside’s provisional table — which did not yet include VanEck’s HODL — put the October 19–23 total at $301.2 million, with IBIT up $565.7 million for the week.
October as a whole remains slightly negative: month-to-date flows stood at −$175.6 million through October 22. Bitcoin traded around $80,550, down 1.32%, as the flow data landed, with the Federal Reserve’s October 28 decision and the October 30 options expiry still ahead this week.
A separate listing approval for Franklin Templeton
In a separate development, Franklin Templeton, which manages $1.8 trillion in assets, received Nasdaq approval to list two Bitcoin DRIP index ETFs, FBEQ and FIBT. The products hold equities with gradual Bitcoin accumulation rather than tracking the spot price directly.
