Red October sinks ETFs 🌊

Spot Bitcoin ETFs lost $636 million in a day, flipping October back into the red, but Bitcoin’s price barely budged.

Author

Stephen Graves
October 23, 2026

 

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đź“ť What you need to know

Bitcoin ETFs’ October comeback lasted just a single session, with U.S. spot Bitcoin funds shedding $635.6 million Thursday in their biggest outflow of the month. The exit wiping out nearly 60% of the $1.07 billion they had taken in over the previous three days, flipping October back to a net loss of about $176 million, while Ethereum ETFs bled another $110.6 million, taking their October outflows to some $1.18 billion.

Yet prices barely moved: Bitcoin is trading around $81,700, flat on the day, even as oil climbed above $111 a barrel and AI stocks slid. With the Federal Reserve meeting on October 27-28 and traders expecting rates to hold, analysts argue that Bitcoin has settled into a wait-and-see mode, and that might not be a bad thing for the market.

Bitcoin ETFs Bleed $636 Million as October Turns Red Again

U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, erasing nearly 60% of a three-day, $1.07 billion inflow streak.

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Bitcoin (BTC)October 23, 2026
$81,521
â–˛ 0.0% (24h)
View live price

đź“Š Myriad Insight of the Day

Myriad prediction marketOctober 23, 2026
How high will Tesla stock go in October?
Peak TSLA price by October 31, regular trading hours
    
Below $39065%
$390–$40521%
$405–$4207%
$420 or higher7%
Why it matters
Tesla's earnings didn't give bulls much to work with. Shares fell 3.1% to $374.58 on Thursday after third-quarter profit dropped 43% to $787 million, and traded near $372 on Friday. Traders give TSLA 35% odds of touching $390 this month, about 5% above current levels, with a week of trading left. A run to $420 sits at 7%, despite Optimus production starting and Cybercabs targeted for year-end.
Related: Tesla's profit drops 43% as Musk starts building robots and plans to sell driverless cabs
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