Bitcoin (BTC) ETFs Post $89.8M Net Outflow on Monday After Two-Day Inflow Run

Bitcoin ETFs Flip Back to Outflows

Bitcoin (BTC) exchange-traded fund flows flipped back to net redemptions on Monday, with the US-listed spot ETF products shedding $89.8 million in a single session after two consecutive days of inflows. A net flow is simply the difference between what investors subscribed and what they redeemed during the session, so the figure states a balance, not a one-way exit. Across the wider digital asset ETF complex, which spans Bitcoin, Ethereum, Solana, Hyperliquid and Zcash products, net outflows reached $124.2 million, and Bitcoin accounted for roughly 72% of that total.

The sequence behind Monday's print matters as much as its size. Sept. 30 had produced a $148.7 million net outflow, after which the ledger flipped twice: $102.7 million of net inflows on Oct. 1, then $189.9 million on Oct. 2, before the relapse into the red. Five sessions in, the flow record describes a market that has not settled on a direction rather than one in steady retreat. Measured issuer by issuer, the day's balance is fully reconciled: every creation and redemption is tallied daily, leaving no unexplained remainder in the $89.8 million.

The issuer split beneath the headline number is where the churn lives. BlackRock's IBIT, the largest product in the cohort, absorbed $69.9 million of fresh money. Fidelity's FBTC went the other way with $74.5 million redeemed, and the ARK Invest and 21Shares product ARKB bled $85.2 million, enough on its own to drag the whole cohort negative. Monday was therefore not a uniform walk to the exits: one allocator's appetite funded part of another's unwind, and the net figure conceals that offsetting movement.

The spot tape tells a calmer story than the ledger. Bitcoin price trades near $85,310, essentially unchanged since the flow data landed and about 1.1% lower over the past 24 hours. Activity beyond the fund wrappers has also been livelier than subscriptions suggest; our earlier coverage noted a 104% single-day jump in Coinbase Prime Bitcoin volume, a reminder that custody-side and OTC activity does not move in lockstep with fund creations and redemptions.

Altcoin Funds Bleed in Tandem

Ethereum ETFs extended a losing streak of their own, losing $18.9 million on Monday, a fifth consecutive session of net redemptions. The run began modestly with $2.8 million on Sept. 29, then deepened through $59.6 million on Sept. 30, $55.4 million on Oct. 1 and $37.4 million on Oct. 2. Monday's exit is the smallest of the five, yet no inflow counterweight has appeared on the other side: every dollar of the day's Ethereum redemptions came from Fidelity's FETH, while the remaining major Ethereum products recorded zero flow, and our Ethereum coverage will track whether that asymmetry breaks.

Solana funds flipped negative again at $9.2 million, split between Bitwise's BSOL at $7.1 million and Fidelity's FSOL at $2.1 million. That undid a brief reprieve: Oct. 2 had brought $1.3 million of net inflows, the first positive print after a run of red. The wider context is a fading wave rather than a collapse. Mid-September once saw a single day deliver $86.7 million into Solana ETFs, and the pace has visibly cooled since late September.

The thin tail of the complex tells the same story. Hyperliquid products lost $2.7 million, entirely from 21Shares' THYP, while Bitwise's BHYP and Grayscale's HYPG recorded no movement, flipping the cohort negative again after Oct. 2's $3.4 million inflow. Zcash funds shed $3.6 million, a fourth straight day of red that began with $30.2 million on Sept. 30 and ran through $12.4 million on Oct. 1 and $26.9 million on Oct. 2. The one measurable improvement across the altcoin ledger: the daily exit from Zcash products has narrowed at each step. Taken together, the altcoin tapes echo the Bitcoin (BTC) ledger rather than diverge from it, and demand-side work has not yet priced the reversal in; on-chain demand models still map BTC toward $96.7K.

What Breaks the $83,700 Floor

COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the standoff. Spot prints $85,310, sitting between a strong shelf at $83,736 (rated 84/100 on a confluence of EMA 20, S2, Fibonacci 0.114 and SW8L) and the $87,353 resistance, which scores 81/100 from Fibonacci 0.000, the Keltner Upper band and the prior-day high. RSI reads 62.26 with a bearish MACD cross inside a broader uptrend. Derivatives lean constructive: funding at 0.0022%, open interest of $16.36 billion, a 1.17 long/short account ratio and a Fear & Greed Index of 73, greed territory. Losing $83,736 invalidates the bullish read; reclaiming $87,353 keeps it intact. And the $89.8 million balance itself hides offsetting movement: $69.9 million of IBIT inflow sat against roughly $159.7 million of FBTC and ARKB redemptions, a disclosed composition that makes the net print look one-way when it is not.