Bitcoin ETFs Lose $484.9 Million, Most Since June
US spot bitcoin ETFs lost a net $484.9 million on 7 October, led by IBIT at $207.7 million, while ether ETFs shed $160.9 million for a seventh day.
US spot bitcoin ETFs recorded a net outflow of $484.9 million on Wednesday, 7 October 2026, their largest one-day withdrawal since late June, with BlackRock's IBIT losing $207.7 million. Spot ether ETFs lost $160.9 million the same day, their seventh straight day of outflows. The fund figures were published on Thursday, 8 October, as bitcoin fell towards $80,000.
Key takeaways
- The $484.9 million bitcoin ETF outflow equals about ₹4,695 crore at ₹96.83 to the dollar. One tracker that also counts a $2.1 million outflow from the small BRRR fund puts the total at $487.1 million.
- No bitcoin fund took in money. IBIT, Fidelity's FBTC and ARK's ARKB together lost $414.5 million, about 85% of the total.
- Bitcoin ETF flows for 1 to 7 October have turned into a net outflow of about $163.3 million, despite inflows on 1, 2 and 6 October.
- BlackRock's ETHA accounted for $116.1 million of the $160.9 million ether ETF outflow. The ether funds have lost about $568.8 million since 29 September.
- Bitcoin ETFs still held about $107 billion of assets after the outflow, so one day's selling was under 0.5% of the total.
What happened to bitcoin ETFs on 7 October
US spot bitcoin ETFs swung from an inflow of $118.8 million on Tuesday, 6 October, when IBIT alone took in $122 million, to the $484.9 million outflow on Wednesday. IBIT, which usually leads the inflow tables, was the biggest seller. Grayscale's GBTC lost $39.3 million, Bitwise's BITB $27.6 million and VanEck's HODL $3.5 million. At bitcoin's 7 October closing price of $83,321.81 on Binance, the day's outflow equals about 5,820 BTC.
The selling matched the price. Bitcoin fell 2.6% on 7 October, from $85,549.94 to $83,321.81, and kept falling on 8 October to a low of $80,393.56 at 17:26 UTC. Since the funds launched in January 2024, cumulative net inflows still stand at about $57.3 billion.
The numbers
The fund-by-fund flows for Wednesday, 7 October 2026, are below, with rupee values at ₹96.83 per dollar. Minus signs mean money left the fund.
| Fund | Asset | Net flow, 7 Oct | In rupees |
|---|---|---|---|
| BlackRock IBIT | Bitcoin | -$207.7 million | About ₹2,011 crore |
| Fidelity FBTC | Bitcoin | -$105.1 million | About ₹1,018 crore |
| ARK 21Shares ARKB | Bitcoin | -$101.7 million | About ₹985 crore |
| Grayscale GBTC | Bitcoin | -$39.3 million | About ₹381 crore |
| Bitwise BITB | Bitcoin | -$27.6 million | About ₹267 crore |
| All bitcoin ETFs | Bitcoin | -$484.9 million | About ₹4,695 crore |
| BlackRock ETHA | Ether | -$116.1 million | About ₹1,124 crore |
| Grayscale ETHE | Ether | -$25.8 million | About ₹250 crore |
| All ether ETFs | Ether | -$160.9 million | About ₹1,558 crore |
Ether ETFs have now had outflows on every trading day from 29 September to 7 October. The heaviest day was 6 October at $201.9 million, and the five days to 7 October came to $506.3 million, the biggest five-day outflow since 23 January 2026. Smaller ether funds from 21Shares, Bitwise, VanEck, Grayscale and Invesco lost between $2 million and $6.3 million each on 7 October.
Why it matters for Indian investors
ETF flows matter to Indian investors because US funds are among the biggest daily buyers and sellers of bitcoin. Indian exchange prices track global prices, so heavy ETF selling shows up here too, as you can see on our Bitcoin price in INR page, now at ₹79,48,544, and our Ethereum price in INR page. One heavy day is not a trend, though: the funds have had outflow days before and still hold about $107 billion.
Indian residents can buy US bitcoin ETFs through the Liberalised Remittance Scheme, which allows up to $250,000 a financial year, using an overseas brokerage account. Our guides on investing in a bitcoin ETF from India and buying IBIT from India cover the steps and the paperwork.
The tax treatment is different from holding coins. ETF units are generally treated as foreign securities, so long-term gains after 24 months are taxed at 12.5% and short-term gains at your slab rate. Coins bought on an Indian exchange are taxed at a flat 30% plus 4% cess, with 1% TDS and no set-off of losses. Our crypto tax calculator shows the VDA side of that comparison.
What to watch next
- Flows for 8 October: due during the Indian day on Friday, 9 October, after bitcoin's fall to $80,393.56.
- The weekly total: three days into the week, bitcoin ETFs are down a net $455.9 million. Our report on the 5 October outflow covers the first day.
- The ether streak: an eighth day of outflows would lengthen the run that began on 29 September.
- US inflation: September consumer price data on Wednesday, 14 October (6:00 pm IST) could move flows again.
FAQ
How much money left bitcoin ETFs on 7 October 2026?
A net $484.9 million left US spot bitcoin ETFs on 7 October 2026, the most in a day since late June. BlackRock's IBIT accounted for $207.7 million of it.
Can Indians invest in US bitcoin ETFs?
Yes. Indian residents can invest through an overseas brokerage account under the Liberalised Remittance Scheme, within $250,000 a financial year, and must report the holding in their income tax return.
Are bitcoin ETF gains taxed at 30% in India?
Generally no. ETF units are usually treated as foreign securities, so long-term gains after 24 months are taxed at 12.5% and short-term gains at slab rates, while coins held directly are taxed at 30% plus cess.
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.
