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US spot Bitcoin ETFs (exchange-traded funds) posted outflows of $366.6 million on Friday, extending their losing streak to a third day as investors turn off risk amid renewed concerns about credit market stress
The withdrawals followed a $536 million outflow a day earlier, the biggest single-day net loss since August, amid a waning appetite for risky assets as jitters about US regional banks spread through markets.
That caused Bitcoin to fall to a low of $103,598.43 in the past 24 hours, according to CoinMarketCap. Since then, the stock has recovered and was trading at $106,586.89 at 12:41 a.m. EST, still down more than 2%.
The Crypto Fear & Greed Indexa gauge of investor sentiment, has fallen 29 points from last month to an “extreme fear” value of 23.
BlackRock’s IBIT leads Bitcoin ETF outflows
IBIT, the Bitcoin ETF offered by asset management giant BlackRock, recorded the highest net daily outflows that day. Facts from Farside Investors shows that $268.6 million left the product in the last trading session.
IBIT is still the leader in terms of net cumulative inflows since the products launched last year, with $64.981 billion in the fund since then.
US Bitcoin ETF Flows (Source: Farside Investors)
Fidelity’s FBTC saw the second-largest outflow yesterday at $67.4 million. Meanwhile, Valkyrie’s BRRR and Grayscale’s GBTC experienced outflows of $5.6 million and $25 million, respectively.
The other funds registered no new flows that day.
With the latest net daily outflows, the funds have now seen outflows of more than $1 billion in the past three days.
Michael Saylor says volatility is a gift
As Bitcoin’s price falls, Strategy’s Michael Saylor says the crypto market’s volatility is “a gift to the faithful.”
Volatility is a gift to the faithful.
— Michael Saylor (@saylor) October 17, 2025
Strategy is the biggest business right now holder of Bitcoin, with 640,250 BTC on the balance sheet.
The company started buying BTC in 2020 and ultimately pioneered the digital asset treasury (DAT) trend. SaylorTracker facts also shows that Strategy is sitting on an unrealized profit of over $20.9 billion on its balance sheet, even after the latest correction in Bitcoin’s price.
Meanwhile, analyst Michael van de Poppe commented on Bitcoin’s latest price drop and the correction seen in the overall crypto market. In an X-post to his more than 811.9k followers, the analyst said there is not much to worry about.
There’s not much to worry about.
The only thing you have to do as the owner of your assets is to be patient.
The theory of the four-year cycle is dead. #Bitcoin would never exceed $100,000 if it weren’t for the ETFs.
That means we’re still in the same shape.#Bitcoin breaking up from…
— Michaël van de Poppe (@CryptoMichNL) October 17, 2025
He told his 811,000 followers that there was “not much to worry about” and urged them to just “be patient.”
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