US-listed spot cryptocurrency exchange-traded funds recorded approximately $112 million in net outflows on Friday, October 23, 2026, extending the broader market’s withdrawal streak to a second consecutive trading session.
Bitcoin funds accounted for the selling pressure, recording approximately $137.9 million in net redemptions, compared with $635.6 million withdrawn on Thursday. Ethereum ETFs reversed their previous session’s losses with $4.4 million in inflows, while reported Solana and XRP flows were unchanged.
Smaller cryptocurrency products attracted fresh capital, led by Grayscale’s Zcash ETF, which received $20.5 million, and Bitwise’s NEAR fund, which added approximately $990,000.
The aggregate figure covers 16 cryptocurrency categories but remains provisional because several funds had not reported their Friday activity. The figures indicate that institutional demand remained uneven following a volatile week in which Bitcoin ETFs experienced both substantial inflows and sharp withdrawals.
BlackRock and Fidelity Drive Bitcoin ETF Redemptions
BlackRock’s iShares Bitcoin Trust (IBIT) recorded the largest individual withdrawal on Friday, losing $110.3 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $31.8 million in redemptions.
Together, the two products lost approximately $142.1 million, exceeding the Bitcoin category’s net withdrawal as subscriptions into other funds offset part of the decline. Morgan Stanley’s Bitcoin Trust (MSBT) attracted $4.2 million, providing the largest identified Bitcoin ETF inflow during the session.
Friday’s selling followed a much larger withdrawal on October 22, when Bitcoin ETFs lost $635.6 million. That session was dominated by $254.1 million in redemptions from IBIT, $217.5 million from FBTC and $109.4 million from ARK 21Shares’ ARKB.
Despite the consecutive daily withdrawals, Bitcoin funds finished the October 19–23 trading week with approximately $301 million in net inflows. The weekly result was supported by strong demand earlier in the period, including $526.7 million on Monday and $524.8 million on Wednesday.
BlackRock’s IBIT alone attracted approximately $565.7 million over the five sessions, more than offsetting net withdrawals across competing Bitcoin products. The Friday Bitcoin total remained subject to revisions because VanEck’s HODL had not reported its activity in the referenced Farside dataset.
Ethereum Stabilizes as Zcash Leads Alternative ETF Inflows
Ethereum ETFs attracted approximately $4.4 million on Friday, reversing Thursday’s $110.6 million withdrawal. Fidelity’s Ethereum Fund (FETH) led subscriptions with $3.6 million, while Morgan Stanley’s Ethereum Trust (MSSE) added approximately $780,000.
However, the improvement was insufficient to reverse Ethereum’s weekly losses. Across October 19–23, Ethereum ETFs recorded approximately $220.7 million in net redemptions, with BlackRock’s ETHA accounting for $233.2 million in withdrawals.
Solana funds reported no net movement on Friday, although at least one fund’s data remained outstanding. The category lost approximately $17.3 million over the week. XRP ETFs also recorded no net flows on Friday after attracting approximately $3.5 million on Thursday, primarily through Franklin Templeton’s XRPZ.
Among smaller products, Grayscale’s Zcash ETF (ZCSH) received $20.5 million on Friday, taking its weekly inflows to approximately $41.1 million. Bitwise’s NEAR ETF added approximately $990,000, while Hyperliquid, Chainlink and several other reporting categories registered no net movement.
Across all tracked categories, Friday’s reported $112 million withdrawal followed approximately $745 million in outflows on Thursday. The comparison underscores the volatility of institutional cryptocurrency allocations, although ETF flows measure net share creations and redemptions rather than direct spot-market trading volume.
The next trading sessions will show whether Bitcoin’s positive weekly balance can withstand continued redemptions and whether Ethereum’s modest recovery develops into sustained demand.
