Bitcoin ETF Outflows Hit $137.9M as Ether Funds Gain $4.4M

U.S. Bitcoin ETF outflows hit $137.9 million on Friday, October 23. Ethereum funds attracted $4.4 million. Farside Investors' figures showed Bitcoin funds extending withdrawals into a second consecutive session. BlackRock's IBIT led the losses. Bitcoin ETFs still finished the week with positive net flows. Ethereum's modest inflow offered limited relief after roughly $225 million left funds during the preceding four sessions.

Where Friday's Bitcoin ETF Outflows Hit Hardest

IBIT recorded net outflows of $110.3 million, the largest of any fund. Fidelity's FBTC followed with $31.8 million in redemptions. Together, the two funds shed $142.1 million, slightly more than the day's net total.

Morgan Stanley's MSBT was the only Bitcoin fund with inflows, adding $4.2 million. Farside logged zero flows for BITB, ARKB, BTCO, EZBC, BRRR, BTCW, GBTC, and BTC, per Farside's Bitcoin ETF flow update.

Net flow measures new deposits minus redemptions across all listed funds. IBIT and FBTC are the two largest U.S. spot Bitcoin products, so their moves tend to set the daily total. One large redemption in either fund can outweigh small inflows elsewhere, as MSBT's $4.2 million showed on Friday.

How Friday Fits the Week's Flow Pattern

Farside's daily table, which starts on October 5, shows sharp swings. Bitcoin funds took in $526.7 million on October 19. Heavy outflows followed on October 22, and Friday added to them.

Even so, Bitcoin funds ended the week in positive territory. The October 19 inflow remains a strong counterweight to the later withdrawals. That pattern also tracks the earlier tape when Bitcoin steadied near $81,700 after $635M ETF outflows.

Analyst Killa compared the current setup to 2023. He said Bitcoin broke above its range and printed a weekly higher high. It could now form a higher low above the $74,000 low.

Killa called the trend "very much bullish." That is one trader's view, and ETF flow data does not confirm it. His comparison rests on price structure, not fund flows.

Ether ETFs Post Gains After Heavy Withdrawals

Spot Ether ETFs took in $4.4 million on Friday. Fidelity's FETH added $3.6 million, and Morgan Stanley's MSSE added $0.8 million. Other funds recorded zero flows, and Farside left the ETHV cell blank, per Farside's Ether ETF flow update.

The inflow is small against recent losses. Ether funds lost about $110 million on October 22 and roughly $225 million from October 19 to 22. Friday's gain offset only about 2% of that.

A positive print after steep withdrawals shows redemptions paused for a day. It does not show a reversal.

Analyst Joep Gerla said Ether could sweep liquidity toward $2,200 before recovering. A liquidity sweep is a brief drop through obvious support. It triggers stop orders, then reverses. His chart placed Ether near $2,370 at the time.