US Spot Bitcoin ETFs Log $228.6 Million in Weekly Outflows as Monthly Redemptions Mount

US spot Bitcoin exchange-traded funds recorded $228.6 million in net outflows across the five trading days ending October 16, pushing month-to-date redemptions to nearly $618 million. Redemptions were led by BlackRock's iShares Bitcoin Trust, which saw roughly $165 million exit. Outflows for October were heavily driven by a single-day withdrawal of up to $487.1 million on October 7. Despite the selling, trading volumes remained high, exceeding $7.5 billion across the week, while cumulative net inflows since January 2024 stood near $56.88 billion and total assets under management reached $104.29 billion.