Spot Bitcoin ETFs Bleed ~$910M Over Two Weeks as October Stays Red

U.S. spot Bitcoin ETFs kept leaking money through the week ending October 24, extending a two-week run of net outflows that has pulled roughly $910 million out of the funds, according to Decrypt.

The funds shed $82.4 million on Friday, October 24, per Decrypt's in-house ETF tracker. That capped a week in which redemptions outpaced subscriptions on three of the five trading days. For the full week, the funds lost a net $228.6 million, a figure Decrypt attributed to data provider SoSoValue. That followed a steeper $681.1 million drain the week before — also per SoSoValue — for a combined two-week outflow of about $910 million.

The backdrop is "Uptober," the crypto trade's nickname for October's historically strong seasonality. This year it has run the other way: Decrypt's framing was that the month has "stayed red." Decrypt's headline also asserted that Wall Street "fast money" exited the funds while sovereign wealth funds stepped in to buy — but the specifics behind that buyer claim, including which funds or what size, weren't laid out in the body of the piece, so treat the sovereign-buyer narrative as the outlet's characterization rather than a documented flow.

Key facts

• −$82.4M: net outflow from U.S. spot Bitcoin ETFs on Friday, Oct. 24 (Decrypt ETF tracker).
• 3 of 5 days: trading days last week where outflows beat inflows (Decrypt).
• −$228.6M: net weekly outflow for the week ending Oct. 24 (SoSoValue, via Decrypt).
• −$681.1M: net outflow the prior week (SoSoValue, via Decrypt).
• ~$910M: combined two-week outflow (Decrypt).

The real-world read

Two things to hold apart. The flow numbers are concrete and come from a secondary tracker (Decrypt) plus a third-party data vendor (SoSoValue); Decrypt itself relied on SoSoValue for the weekly totals, which is worth noting since the Friday figure and the weekly figures come from different sources and weren't independently reconciled here. The "fast money fled, sovereigns stepped in" storyline is a different animal — it's a narrative layered on top of a net-outflow number, and net outflows by definition mean sellers outweighed buyers. Who, specifically, was buying wasn't shown, so the sovereign-fund angle is unverified on the available detail.

Also note the embedded "Myriad: How low will Bitcoin go? Click to make your prediction" prompt in the source: that's a promotional call-out for a prediction-market product affiliated with the publisher, not reporting. Discount it accordingly.

Opinion, and whose

The seasonal "Uptober" expectation — that October tends to be strong for Bitcoin — is a market trope, not a forecast anyone here stood behind. The read that institutional "fast money" is rotating out while sovereign buyers rotate in is Decrypt's editorial framing, attributed to no named fund or filing in the text.

This is news reporting, not investment advice.

Sources

• Decrypt (Tier 2, secondary), "Wall Street's Fast Money Fled Bitcoin ETFs, Sovereign Funds Stepped In," Oct. 28, 2026 — provided the Friday outflow figure (its own ETF tracker), the two-week framing, and the "Uptober" characterization; cited SoSoValue for the weekly and prior-week net totals. Contains an embedded promotional prompt for Myriad, a prediction-market product affiliated with the publisher — marketing, not reporting.