BlackRock's IBIT Leads $643.2 Million Bitcoin (BTC) ETF Outflow on Friday

The Four-Day Inflow Streak Breaks

The US spot Bitcoin (BTC) ETF cohort recorded $643.2 million in net outflows on Friday, October 30, snapping a four-session inflow streak that had run from October 26. Net flow, in these daily disclosures, sums creations against redemptions across the twelve listed products, so the negative print means investors pulled more out of the funds than they put in. The Friday figure tops the combined $440.8 million the group took in over October 26-29 by $202.4 million, leaving the five sessions from October 26 through October 30 at a net $202.4 million withdrawal. BlackRock's IBIT led the exits at $233.7 million, followed by Fidelity's FBTC at $201.0 million and ARK Invest and 21Shares' ARKB at $129.5 million. IBIT, the largest of the twelve by assets, had been the streak's main accumulator, and its Friday exit alone exceeded half of what the whole group had gained over the prior four days. Grayscale's GBTC shed $53.3 million and Bitwise's BITB $25.7 million. No product in the lineup posted a net creation on the day. The redemptions followed a rough stretch for the coin itself: a 4.2% drop on the October 29 daily candle had already knocked prices lower, and the Bitcoin (BTC) price now trades near $77,214, about 1.1% below its level of a day earlier.

The exit lands on a market already on the defensive. COINOTAG's composite scoring, which rates each support and resistance level from 0 to 100, puts the strongest floor at $74,988, scored 97 out of 100, with the nearest ceiling at $78,300 scored 100 out of 100; spot sits roughly $2,200 above that floor. Momentum reads a downtrend, with the RSI at 33.95, and the Fear & Greed Index stands at 30 out of 100, in fear territory. Spot volume over the past 24 hours runs near $20.4 billion, and the coin's share of COINOTAG's tracked universe stands at 68.0%. In derivatives, perp funding sits at a near-neutral 0.0038% while 74.2% of tracked accounts are positioned long, a 2.88 long/short ratio, so Friday's redemptions reached a book already tilted to one side. The picture changes only if price reclaims that ceiling.

October's Ledger Turns Negative

The monthly ledger has turned with Friday's print. October's cumulative net result through October 30 stands at a $515.9 million outflow, a reversal from September's $2,647.7 million net inflow, and the swing matters because the products were still taking in money as recently as September. Across the five sessions from October 26 to October 30, only IBIT and Morgan Stanley's MSBT finished net positive, at $176.9 million and $4.2 million respectively, while WisdomTree's BTCW shed $3.8 million and VanEck's HODL, Franklin Templeton's EZBC, CoinShares' BRRR and Invesco Galaxy's BTCO showed no five-day movement. GBTC's and ARKB's entire five-session flow came on Friday itself. The long-run split remains lopsided: since the products debuted in January 2024, in the year of the latest Bitcoin halving, cumulative net inflows across the Bitcoin (BTC) ETF complex total $57.05 billion. IBIT accounts for $66.31 billion of that, FBTC for $10.18 billion and BITB for $2.01 billion, while GBTC, the converted Grayscale trust, has bled a cumulative $28.01 billion. The pressure is not confined to the largest asset: spot Ethereum ETFs on the same disclosure base have posted net outflows on five consecutive sessions through October 30. What one day's tally cannot establish is motive or direction: the disclosures sum creations and redemptions, they do not separate retail redemptions from whale repositioning, and on their own they say nothing about the wider market's trading volume or where price goes next.