Bitcoin spot ETFs in the United States recorded significant outflows of around $327 million on October 13, following a weekend of sharp market turbulence. After a rapid sell-off, price recoveries prompted profit-taking among institutional investors. The largest inflow came from BlackRock’s IBIT, while Grayscale’s GBTC led withdrawals, reflecting shifting investor preferences between competing products. As the new week began, Bitcoin sought stability after its historic liquidation event, briefly trading above $115,000 before easing back.
Data from SoSoValue showed that while IBIT attracted roughly $60 million in inflows, GBTC experienced $145 million in outflows. This trend highlights continued migration toward more cost-efficient ETFs and away from legacy structures burdened by higher fees. Despite strong net inflows earlier in October, recent daily outflows indicate that short-term profit-taking has been the dominant behavior among investors.
Bitcoin’s price stabilized near $112,000 on October 14, according to CryptoAppsy, reflecting ongoing volatility in the aftermath of major market liquidations. The alignment of ETF outflows with price rebounds suggests that portfolio managers are actively managing risk by selling into strength. While institutional interest remains present, market fragility and tactical rebalancing could intensify short-term inflows and outflows, sustaining price volatility in the near term.