--- title: "US spot bitcoin ETFs return to net outflows with $636 million withdrawn" description: "US spot bitcoin ETFs posted net outflows of about $636 million, ending a three-day inflow streak, according to The Block and Cointelegraph. The Block reported BlackRock's IBIT led the withdrawals at $254.1 million, with four other funds also seeing redemptions. Cointelegraph put the October net…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-etfs-bleed-635m-october-4d2ba5ea0decd6" published: 2026-10-23T07:22:26.000Z updated: 2026-10-23T11:48:01.000Z indexable: true --- # US spot bitcoin ETFs return to net outflows with $636 million withdrawn US spot bitcoin ETFs posted net outflows of about $636 million, ending a three-day inflow streak, according to The Block and Cointelegraph. The Block reported BlackRock's IBIT led the withdrawals at $254.1 million, with four other funds also seeing redemptions. Cointelegraph put the October net… Attributed sources: [Cointelegraph](), [The Block]() ## Key facts US spot bitcoin ETFs posted net outflows of about $636 million, ending a three-day inflow streak, according to The Block and Cointelegraph. The Block reported BlackRock's IBIT led the withdrawals at $254.1 million, with four other funds also seeing redemptions. Cointelegraph put the October net outflow at $175 million. Evidence strength: Multiple publishers, 2 publisher group(s) (Cointelegraph, The Block); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: -0.02% (23/10/2026, 07:22 → 23/10/2026, 07:27, UTC; Gate · USDT); 1 hour: +0.13% (23/10/2026, 07:22 → 23/10/2026, 08:22, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 23/10/2026, 07:22, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.02% | -0.02% | 0.00 pp | 23/10/2026, 07:22 → 23/10/2026, 07:27 | Gate · USDT | | 1 hour | +0.13% | +0.13% | 0.00 pp | 23/10/2026, 07:22 → 23/10/2026, 08:22 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 23/10/2026, 07:22 | ## Claims and open questions - The Block reported that BlackRock's IBIT led Thursday's net outflows with $254.1 million, while four other funds also saw withdrawals. - Cointelegraph reported that Thursday's withdrawals ended a three-day inflow streak and left US spot bitcoin ETFs with $175 million in net outflows for October. - The Block reported the day's total net outflows at about $636 million, erasing the previous day's inflows. - Whether the outflow figures reflect a single trading day's final tallies or preliminary data that issuers or fund trackers may revise. - What share of the redemptions came from a single large holder versus broad-based selling across IBIT and the other four funds. ## Source evidence - [Bitcoin ETFs bleed $635M as October slides back into the red]() — Cointelegraph; published 23/10/2026, 07:09; received 23/10/2026, 07:22 (UTC). - [Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows]() — The Block; published 23/10/2026, 11:39; received 23/10/2026, 11:42 (UTC). ## Recent BTC events and market reactions - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bitcoin DCA vs lump sum: every start month since 2014]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.