Wu Blockchain: U.S. spot Bitcoin ETFs post $487M net outflows on Oct. 7; BlackRock's IBIT leads with $208M

AI Market Summary

U.S. spot Bitcoin ETFs posted $487M net outflows on Oct 7, led by BlackRock's IBIT (-$208M), signaling near-term institutional risk-off and potential liquidity drag on BTC. Spot Ethereum ETFs also saw sizable redemptions (-$161M), concentrated in BlackRock's ETHA (-$116M), reinforcing broader ETF-driven de-risking across major crypto beta and potentially pressuring derivatives positioning and market depth.

Impact level

● High

Affected assets

BTC/USDT-0.83%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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U.S. spot Bitcoin exchange-traded funds recorded $487 million in net outflows on Oct. 7, according to SoSoValue. BlackRock's iShares Bitcoin Trust (IBIT) accounted for the largest share, with $208 million in withdrawals. Spot Ethereum ETFs also saw redemptions, posting $161 million in net outflows. BlackRock's iShares Ethereum Trust (ETHA) led the declines with $116 million.

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