Bitcoin ETFs Lose $636M in One Day as October Turns Negative

After a brief three-day winning streak, Bitcoin investment funds took a sharp hit — and it happened in just one trading day.

What are Bitcoin ETFs? An ETF (Exchange-Traded Fund) is a product that trades on the stock market like a regular share. A "spot Bitcoin ETF" holds real Bitcoin, so people can invest in Bitcoin through a normal brokerage account (an online investing account) without having to buy or store the crypto themselves.

The big numbers on Thursday:

• Bitcoin ETFs lost $635.6 million — their worst single day this month (an "outflow" means money leaving the funds)
• This erased about 60% of the $1.07 billion that had flowed IN over the previous three days
• October flipped back to a net loss of around $176 million
• Ethereum ETFs lost $110.6 million, bringing October losses to about $1.18 billion
• Solana ETFs lost $8.9 million

Why it matters: Because these funds report how much money comes in and out every day, and much of it comes from big institutions and financial advisers, they act as a popular gauge of investor mood.

Prices stayed surprisingly calm. Even with all that money leaving:

• Bitcoin held near $81,460, basically flat for the day
• Ethereum sat around $2,400, Solana near $104

The selling happened during a rough day for markets overall — oil climbed above $111 a barrel and AI stocks dropped, pulling major stock indexes down.

Looking ahead: The U.S. Federal Reserve (America's central bank, which sets interest rates) meets on Oct. 27-28. Traders expect it to "hold" — meaning keep rates unchanged — which usually helps riskier investments like crypto. For now, traders on prediction site Myriad give Bitcoin just a 17% chance of topping $87,500 before month's end.

Analysts describe the market as being in a calm "wait-and-see" mode — which may not be a bad thing.

This is an AI-generated summary. Read the original article at: https://decrypt.co/381700/bitcoin-etfs-bleed-october-turns-red-again