Bitcoin ETFs Lose $244.1M on 8 October, FBTC $197.1M
US spot bitcoin ETFs lost $244.1 million on 8 October, $197.1 million of it from FBTC. Ether ETFs lost $72.5 million, an eighth straight daily outflow.
US spot bitcoin ETFs had net outflows of $244.1 million on Thursday 8 October 2026, the second day of withdrawals in a row, and Fidelity's FBTC alone accounted for $197.1 million. Spot ether ETFs lost $72.5 million. The US session closed at 4 pm New York time, which was 1:30 am IST on Friday 9 October.
Key takeaways
- Bitcoin ETFs lost $244.1 million on 8 October after $484.9 million on 7 October. Over the four sessions from 5 to 8 October the net outflow was $700.0 million, about ₹6,782 crore at ₹96.88 to the dollar.
- FBTC made up about 81% of Thursday's outflow. BlackRock's IBIT lost only $5.5 million, and Franklin's EZBC took in $4.7 million.
- Ether ETFs have now had eight straight sessions of outflows, totalling $641.3 million since 29 September.
- Total bitcoin ETF net assets fell to about $104.9 billion on 8 October from about $110.7 billion on 6 October, as lower prices and withdrawals both weighed.
- An ETF outflow means investors redeemed fund shares. It does not show that Fidelity sold bitcoin of its own.
What happened to bitcoin ETFs on 8 October
Bitcoin ETF selling on 8 October was concentrated in one fund. Fidelity's FBTC lost $197.1 million, ARK and 21Shares' ARKB lost $20.3 million, Bitwise's BITB $17.7 million, Grayscale's GBTC $8.2 million and BlackRock's IBIT $5.5 million. Franklin Templeton's EZBC was the only fund with an inflow, at $4.7 million. Two separate daily flow trackers gave the same $244.1 million total.
The outflows came on a weak day for bitcoin. During US hours it fell to $80,393.56 at 17:26 UTC (10:56 pm IST) on Binance, its lowest price since 20 September, as oil prices rose on fears of renewed US strikes on Iran. Our report on bitcoin's fall below $81,000 covers that move, and our story on the $484.9 million outflow on 7 October covers the day before.
Some social media posts described the FBTC figure as Fidelity "selling" $197 million of bitcoin. An ETF outflow means FBTC's shareholders redeemed more shares than new buyers created, so the fund reduced its bitcoin holding to match. At bitcoin's 05:05 UTC price on 9 October, $244.1 million was equal to about 2,965 BTC across all funds.
The numbers behind the ETF outflows
The table below shows the ETF figures in dollars and in rupees, converted at ₹96.88 per dollar at 05:05 UTC on 9 October 2026.
| Measure | US dollars | Approx. rupees |
|---|---|---|
| Bitcoin ETF net outflow, 8 October | $244.1 million | ₹2,365 crore |
| of which FBTC (Fidelity) | $197.1 million | ₹1,910 crore |
| Bitcoin ETF net outflow, 7 October | $484.9 million | ₹4,698 crore |
| Bitcoin ETF net outflow, 5 to 8 October | $700.0 million | ₹6,782 crore |
| Bitcoin ETF net outflow, 1 to 8 October | $407.4 million | ₹3,947 crore |
| Ether ETF net outflow, 8 October | $72.5 million | ₹702 crore |
| Ether ETF net outflow, 29 September to 8 October (8 sessions) | $641.3 million | ₹6,213 crore |
| Bitcoin ETF net assets, 8 October | About $104.9 billion | About ₹10.16 lakh crore |
Ether ETF outflows on 8 October came almost entirely from BlackRock's ETHA, which lost $71.1 million, and Grayscale's ETHE, which lost $6.1 million. Fidelity's FETH took in $5.5 million. Ether ETF net assets stood at about $15.6 billion. Ether traded at $2,490.28 at 05:05 UTC on 9 October, down 2.9% in 24 hours; see the Ethereum price in INR for the live rate.
Why the ETF outflows matter for Indian investors
US ETF flows matter to Indian investors because they are a daily reading of institutional demand, and Indian exchange prices follow the global bitcoin price. Bitcoin was at $82,327.42 at 05:05 UTC (10:35 am IST) on 9 October, about ₹79.76 lakh before exchange premiums and fees. It is now ₹79,85,512 on our Bitcoin price in INR page.
No spot bitcoin ETF is listed on NSE or BSE. Indian residents who want one buy it abroad under the Liberalised Remittance Scheme, which allows up to $250,000 per person per financial year. US ETF units are generally treated as foreign securities rather than virtual digital assets, so capital gains rules apply instead of the 30% crypto rate, and the holding must be shown in Schedule FA of your return. Our guide on investing in a bitcoin ETF from India explains the steps.
If you hold bitcoin directly on an Indian exchange, the usual rules apply: gains are taxed at a flat 30% plus 4% cess, 1% TDS is deducted on transfers, and a loss on one coin cannot be set off against a gain on another. Use an exchange registered with FIU-IND; there were 54 registered VDA service providers as of 9 March 2026, as the government told the Lok Sabha on 30 March 2026. Our list of FIU-registered crypto exchanges has the names.
What to watch next for ETF flows
- Friday 9 October flows: due after the US close, from about 1:30 am IST on Saturday 10 October. They will show whether the outflow run reaches a third day and set the weekly total.
- Ether ETFs: whether the eight-session outflow run ends, and whether ETHA keeps leading it.
- US inflation: September CPI data on Wednesday 14 October at 8:30 am New York time (6:00 pm IST).
- Federal Reserve: the next rate decision on Wednesday 28 October at 2 pm New York time (11:30 pm IST).
- Price levels: Thursday's low of $80,393.56 and the 20 September low of $80,126.04.
FAQ
How much did bitcoin ETFs lose on 8 October 2026?
US spot bitcoin ETFs had a net outflow of $244.1 million on 8 October 2026, about ₹2,365 crore. Fidelity's FBTC accounted for $197.1 million of it.
Did Fidelity sell $197 million of bitcoin on 8 October 2026?
No. The $197.1 million was a net outflow from the FBTC fund, which means its investors redeemed shares and the fund reduced its holding to match. There is no evidence that Fidelity sold bitcoin of its own.
Can Indians buy US bitcoin ETFs?
Yes, through an overseas brokerage account funded under the Liberalised Remittance Scheme, up to $250,000 per financial year. They are not listed on NSE or BSE, and our guide to buying IBIT from India covers the process.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
