TL;DR
- Bitcoin ETF Flows: Bitcoin funds recorded $148.7 million in net outflows, ending a nine-day inflow streak worth approximately $3.1 billion. Fidelity’s FBTC led withdrawals, followed by Bitwise’s BITB and BlackRock’s IBIT.
- Institutional Demand: Despite the setback, Bitcoin funds have accumulated more than $57 billion in net inflows since launch, hold over $100 billion in assets, and remain in positive territory for 2026.
- XRP Milestone: XRP ETFs now collectively hold about 1.13 billion XRP worth $1.68 billion, but the sector remains far smaller than Bitcoin ETFs, which hold roughly $108 billion in assets.
The Bitcoin ETF market saw its strongest run of recent months come to an end on Wednesday after Bitcoin funds recorded combined net outflows of $148.7 million. The move snapped a nine-day inflow streak that had attracted roughly $3.1 billion and helped push cumulative flows back into positive territory for 2026. According to the latest Bitcoin ETF data, the reversal was largely driven by withdrawals from several major products, though the broader market continues to hold substantial assets and long-term inflows.
Inflow Run Ends After Strong Nine-Day Stretch
A Bitcoin ETF nine-day inflow streak worth $3.1 billion concluded with a day of net withdrawals across the sector. Fidelity’s FBTC led the largest Bitcoin ETF outflows with $125.6 million leaving the fund, followed by Bitwise’s BITB with $13.6 million in net redemptions. BlackRock’s IBIT also recorded $9.5 million in outflows, ending its own nine-day inflow run that had brought in approximately $1.6 billion.
The remaining Bitcoin funds posted zero flows for the day. Bloomberg ETF analyst Eric Balchunas noted before the latest figures that cumulative flows had been approaching a new high-water mark despite the challenges faced over the past year. Fellow analyst James Seyffart pointed out that the funds remain roughly $5 billion below their cumulative flow peak reached on Oct. 10 of last year.
Funds Remain in Positive Territory
Despite the latest pullback, Bitcoin ETF products have generated more than $57 billion in cumulative net inflows since launching in January 2024. Year-to-date inflows stand at roughly $970 million, with assets under management exceeding $100 billion. Recent growth has continued beyond the largest issuers. Last week, the Morgan Stanley Bitcoin ETF, MSBT, surpassed 10,000 BTC in assets under management for the first time since launching earlier this year.
The broader Bitcoin ETF segment remains one of the most significant areas of institutional crypto exposure. Bitcoin traded around the $84,000 level during the week after a softer-than-expected core PCE inflation reading reduced expectations for another Federal Reserve rate hike in October. The asset finished September up 6.4% and was trading near $83,950 on Thursday.
XRP Reaches New ETF Milestone
Beyond Bitcoin, XRP funds achieved a notable benchmark. XRP ETFs collectively held around 1.13 billion XRP worth approximately $1.68 billion as of Sept. 29, representing about 16.6% growth in dollar value from a month earlier. Even so, a single Bitcoin ETF can still dwarf the entire XRP ETF market. Bitcoin ETFs currently hold around 1.29 million BTC worth roughly $108 billion, and the Bitcoin ETF category remains substantially larger than both XRP and Ethereum alternatives.
