Bitcoin ETFs suffer biggest withdrawal since June
Bitcoin ETFs suffer biggest withdrawal since JuneOctober 7 redemptions reversed Bitcoin fund demand as Ethereum ETFs extended their outflow streak.
US spot Bitcoin ETFs recorded their largest daily withdrawal since June on October 7, after inflows had already slowed sharply. BlackRock’s IBIT, which had been offsetting redemptions at rival funds, joined the selling. That reversal reduced a source of demand while traders were also unwinding bullish positions. Separately, another large transfer from US government-linked Bitcoin wallets leaves custody and restitution questions unresolved, without proving a sale. Bitcoin Core’s latest privacy repair has reached its next release branch, but users of the stable version who enable private broadcasting are still waiting. Since YesterdayYesterday’s edition covered $470 million in seized-asset transfers. New reporting identifies a separate October 8 movement of 12,267 BTC from a Bitfinex recovery address, with 9,000 BTC reportedly reaching Coinbase Prime. Its destination still does not establish a sale. Top News
Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month highSoSoValue’s historical table now puts US spot Bitcoin ETF net withdrawals on October 7 at about $487 million, their largest daily outflow since June 25. CryptoSlate’s October 8 report also records $160.9 million leaving Ethereum funds that session, extending their withdrawal streak to seven trading days. These fund flows measure net subscriptions and redemptions; they do not establish why individual investors sold or whether withdrawals caused the subsequent price decline. Bitcoin crashes through $81,000 buy wall as $1 billion crypto liquidation bloodbath unfoldsCryptoSlate’s October 8 report describes more than $1 billion in 24-hour derivatives liquidations as Bitcoin fell below $81,000. Bullish positions bore most losses as falling prices eroded traders’ collateral. Bitcoin Core’s privacy fix reaches v32 code while the v31 patch remains openThe connection-linking repair is merged into Bitcoin Core’s 32.x branch, while the 31.x backport remains pending. It affects opt-in private broadcasting; the earlier 31.1 fix addressed a separate clearnet IP leak. From Our Sponsor
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Elsewhere in CryptoUS government moves another $1 billion in Bitcoin as BTC slides $4,000Competing ownership claims mean government custody alone does not make recovered coins eligible for the strategic reserve. Bitcoin’s slide below $81,000 exposes why a Fed pause may not save the crypto marketThe October 8 analysis distinguishes expectations of an October hold from a confirmed end to rate increases. XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users needThe October 7 stablecoin total measures balances; larger XRP demand depends on routing and inventory retained between transactions. Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for saleExchange custody includes customer reserves; executable sell orders, prices and overlapping holdings determine how much buyers can acquire. PumpFun is making millions from a market where 81% of memecoins crashed 90%Platform fees accrue across trading activity; Talos’s selected token sample documents losses that rewards do not automatically offset. The Catalyst by CryptoSlateWhat’s moving crypto. Why it matters. What to watch next. CryptoSlate has covered crypto, markets, and decentralized technology since 2017. Read CryptoSlate · Tips, questions & corrections · Sponsor The Catalyst For information, not investment advice.
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