Bitcoin ETFs See $150 Million Outflow in One Day, but 7-Day Flows Stay Positive

According to Lookonchain's Oct. 1 update, US Bitcoin ETFs recorded net outflows of 1,796 BTC (about $150.24 million) over one day, while 7-day net flows remain positive at 3,096 BTC (about $258.99 million). US Ethereum ETFs saw net outflows of 5,171 ETH (about $13.89 million) over one day, with 7-day net inflows of 41,041 ETH (about $110.24 million). Fidelity was the main source of selling on both sides: FBTC lost 1,500 BTC of the 1,796 BTC total, Bitwise (BITB) 169 BTC, BlackRock (IBIT) 113 BTC and Grayscale 5 BTC. In Ether, Fidelity (FETH) saw 9,956 ETH leave while Grayscale took in 4,803 ETH and BlackRock (ETHA) was unchanged. Bitcoin traded at $84,314 and Ethereum at $2,684, still in a narrow range. The report's price-impact view is neutral.