BlackRock's IBIT Drove All of Monday's $65.4 Million Bitcoin (BTC) ETF Outflow

IBIT Carries the Full Monday Exit

Over Monday's single session, Oct 12, United States spot ETF funds tracking Bitcoin (BTC) recorded a combined net outflow of $65.4 million, and the entire sum came out of BlackRock's IBIT. IBIT, the cohort's flagship by cumulative intake, is the only name on Monday's ledger. No product among the twelve tracked funds posted a creation on the day, and none of the other eleven registered so much as a dollar of movement. The figures come from daily creation and redemption disclosures, the issuer filings that measure cash entering and leaving each trust rather than secondary-market churn, compiled by the flow tracker Farside. The print breaks a fragile rhythm: after two consecutive days of redemptions beginning Oct 7, aggregate flows had turned to net creations on Friday, Oct 9, only to flip back to outflows on Monday. Across the five trading days from Oct 6 through Oct 12, the stretch the running totals measure, net redemptions reached $654.5 million, more than ten times Monday's tally. Fidelity's FBTC led that stretch with $305.8 million of outflows, followed by ARK Invest and 21Shares' ARKB at $122 million, Grayscale's original GBTC at $47.5 million and Bitwise's BITB at $45.3 million. Grayscale's smaller Bitcoin (BTC) trust shed another $11 million, and VanEck's HODL fund gave up $1.2 million. Only Morgan Stanley's MSBT, at $7.8 million, and Franklin Templeton's EZBC, at $4.7 million, absorbed cash over the five days, together less than a fifth of Monday's single-fund exit. CoinShares' BRRR, Invesco Galaxy's BTCO and WisdomTree's BTCW sat out the stretch entirely. The Bitcoin price sits near $83,355 as of this writing, 0.2% above its level when the flow data landed at 03:47 UTC on Tuesday, though it is 0.3% lower across the past 24 hours.

The redemptions land with the market pinned between two well-scored bands on our composite support and resistance map for Bitcoin. Nearest support sits at $80,947, where the lower Bollinger band, the 50-day simple moving average and a Fibonacci retracement converge, and the level scored 95 out of 100. Resistance at $84,355, marked by the middle Bollinger band and a bearish engulfing print, scored 86. Derivatives positioning offers little direction of its own: the perpetual funding rate reads 0.0043%, essentially neutral, and open interest stands at $15.35 billion, numbers that point to balanced market maker books rather than crowded leverage. Momentum reads similarly flat, with the relative strength index at 52.64 inside what our signals still classify as an uptrend. A sustained close below $80,947 would be the first sign the October flow drag is biting, while a reclaim of $84,355 would put the month's outflows behind the tape again.

September's $2.65 Billion Inflow Recedes

Zoom out and the picture reads as give-back rather than collapse. Since the cohort went live in January 2024, cumulative net inflows total $57.11 billion, with BlackRock's IBIT responsible for $65.67 billion of intake over that span, the deepest accumulation of any issuer, while Grayscale's converted GBTC trust has bled $27.9 billion, the counterweight that keeps the aggregate from looking stronger than it is. October's running total through Monday stands at $451.7 million net out, a sharp reversal from September, when the same group of funds pulled in $2.65 billion of net creations. The mechanical link runs one way inside a spot trust: creations put coins into the funds and redemptions force coins out, so a renewed streak of redemptions would add sell-side pressure at a moment when the tape offers little directional fuel. The next test of the $81,000 support area will run through this flow ledger as much as through any macro print, and the month has already produced violent tape: our coverage recorded a break above $82,000 that erased $488.6 million from 118,142 traders, and longs absorbed 89% of a $774 million liquidation wave. Longer-dated models have not abandoned the bull case either: Root projects a $126,000 all-time high by June 2027, a call that rests on the very flow persistence October is testing. As it stands, the five sessions from Oct 6 through Oct 12 close at $654.5 million in net redemptions, October through Monday holds at $451.7 million net out, and IBIT's Monday exit remains the single largest line inside both windows.