Bitcoin▼ Bearish● Important

Bitcoin ETFs Record $635M Outflow as Price Nears Their Estimated Cost Basis

TradingGain Newsroom·8d ago·23 Oct 2026, 18:10 UTC

US spot Bitcoin ETFs saw about $635 million in net outflows on Thursday, October 22, while Bitcoin traded near the estimated cost basis of the funds' holdings. It was the biggest daily outflow since June 25 and erased nearly 60% of the inflows from the previous three trading sessions. The move may signal weaker demand from ETF investors as Bitcoin tests a key level.

BTCAt the time of writing, Bitcoin traded at $81,579 (+0.63% in 24h).Live price →

Why it matters

ETF outflows of about $635 million show investors pulling money out of Bitcoin funds.
This was the largest daily outflow since June 25, a notable shift in fund flows.
The withdrawals reversed nearly 60% of the inflows seen over the prior three sessions.

What to watch next

Watch whether Bitcoin holds above or breaks below the estimated $81,500 cost basis of the ETF holdings, and whether outflows continue.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.