US spot Bitcoin ETFs shed $244.1M on Thursday, taking two-day outflows to $731M, while Ethereum ETFs lost $72.5M for an eighth straight day of outflows.
The figures are confirmed for Thursday, 2026-10-08: U.S. spot Bitcoin ETFs recorded $244.1M in net outflows, after $487.1M the day before—about $731.2M over two sessions. Fidelity’s FBTC accounted for roughly $197.1M of Thursday’s BTC outflow. U.S. spot Ethereum ETFs lost about $72.5M, extending their redemptions to an eighth consecutive session. (news.bitcoin.com)
What it means: ETF outflows can matter because they remove a direct channel of regulated demand for the underlying assets. If redemptions persist, fund providers may need to reduce spot exposure, which can add selling pressure or reduce buying support. The immediate signal is more cautious institutional positioning—not, by itself, proof of a durable bearish trend.
Why ETH’s streak stands out: Eight consecutive outflow sessions suggests sustained caution toward ETH exposure through this particular U.S. ETF channel. Still, ETF flows should be read with broader data: derivatives positioning, stablecoin liquidity, macro risk sentiment, and whether selling is concentrated in one or two funds versus spread across the category.
On Binance Spot right now, BTC is $82,634.46, up about +2.14% from its current-session open of $80,903.95; ETH is $2,486.64, up about +2.55% from $2,424.85. That divergence from the prior U.S. ETF-session outflows underscores that fund flows are influential, but not the only driver of intraday price action.
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