The $148M Outflow That Ends a $3B Streak: What Institutional ETF Flows Say About Bitcoin's Bid

Bitcoin's nine-session institutional buying streak broke with a $148.7 million net outflow from US spot ETFs on September 30, yet the price held above $84,000. The reaction, not the number, is the story. A market leaning on hedge-fund inflows would have sold the first pullback; bitcoin instead recovered to about $84,253 early on October 1, up more than 1 percent on the day, because the people driving demand are still there. The question is what happens now that the marginal buyer has taken a pause.
Key Takeaways US spot bitcoin ETFs recorded a $148.7M net outflow on Sept 30, snapping a nine-session inflow streak that had brought roughly $3.1B since Sept 17. Fidelity's FBTC led the day's outfl…
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