{"id":608,"date":"2026-10-12T16:02:22","date_gmt":"2026-10-12T16:02:22","guid":{"rendered":"https:\/\/1stblock.info\/?p=608"},"modified":"2026-10-12T16:02:23","modified_gmt":"2026-10-12T16:02:23","slug":"spot-bitcoin-etfs-bleed-681m-in-worst-week-since-june","status":"publish","type":"post","link":"https:\/\/1stblock.info\/?p=608","title":{"rendered":"Spot Bitcoin ETFs Bleed $681M in Worst Week Since June"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">U.S.-listed spot bitcoin ETFs recorded <strong>$681 million<\/strong> in net outflows last week, their largest weekly redemption since June, <em>according to SoSoValue data<\/em>. Most of the selling was concentrated on Wednesday and Thursday, Oct. 7\u20138.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ether products are under similar pressure. Spot <strong>ETH<\/strong> ETFs have not logged a single day of inflows since Sept. 28, a nine-session outflow streak that is the longest since June, per CoinDesk.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The redemptions are weighing on <strong>BTC<\/strong> as it struggles to hold early-week gains. The asset climbed to roughly $84,250 during Asian hours on Monday before sliding back toward $83,400 by 10:30 UTC. Oil\u2019s rebound to above $92 a barrel undercut risk appetite after crude briefly fell on news of a partial easing of U.S. sanctions on Russian diesel supply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market participants framed the flows as a sign of institutional caution. Vikram Subburaj, CEO of India-based Giottus Exchange, told CoinDesk that the heavy redemptions earlier in the week reflected a wary mood among institutions. Purvang Mashru, lead analyst at BitDelta, pointed to a demanding macro backdrop, noting that U.S. Treasury yields reached 24-year highs in the week ending Oct. 9.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Derivatives data show the same hesitation. Bitcoin\u2019s implied volatility index, BVIV, is stuck around 40% after rebounding from year-to-date lows near 34%, suggesting options traders are not pricing in a large move. On Deribit, puts struck between $55,000 and $80,000 dominated 24-hour volume, an indication that traders are paying for downside protection rather than chasing upside. Open interest in bitcoin and ether futures has barely moved and remains well below early-2026 peaks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Corporate treasuries are partly offsetting the ETF selling. Strategy disclosed the purchase of 250 BTC for about $21.5 million at an average price near $86,194 between Oct. 5 and Oct. 11. That is small next to last week\u2019s fund redemptions, but it shows that some long-term buyers are still adding at higher levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts flagged <strong>$82,000<\/strong> as the support level that bulls need to defend. The next macro catalyst is Wednesday\u2019s U.S. consumer price index print. A hotter-than-expected reading would add to pressure on yields and could extend the outflow streak, while a softer number may give ETF demand room to stabilize.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S.-listed spot bitcoin ETFs recorded $681 million in net outflows last week, their largest weekly redemption since June,<\/p>\n","protected":false},"author":2,"featured_media":609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eft"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=608"}],"version-history":[{"count":1,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/608\/revisions"}],"predecessor-version":[{"id":610,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/608\/revisions\/610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/media\/609"}],"wp:attachment":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}