Bitcoin▼ Bearish

Bitcoin ETFs Shed Over $635M in One Day as Oil Prices Surge

TradingGain Newsroom·8d ago·23 Oct 2026, 16:46 UTC

Bitcoin ETFs lost more than $635 million in a single day after oil prices spiked. Investors had been buying these funds earlier in the week, but that trend reversed on Thursday. The move may matter to traders who watch how energy price shocks affect demand for bitcoin.

BTCAt the time of writing, Bitcoin traded at $81,677 (+0.53% in 24h).Live price →

Why it matters

Bitcoin ETF investors had been buying earlier this week, so the Thursday reversal was sudden.
The losses came right after an oil price spike, linking energy prices to crypto fund flows.
Oil price moves may be a useful signal for where bitcoin ETF demand goes next.

What to watch next

Watch whether bitcoin ETF flows stay negative as oil prices move, and whether buyers return to the funds.

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This brief is written by TradingGain from public reporting by Bitcoin Magazine.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.