By Isaac • October 1, 2026 7:10 pm •
Wall Street’s latest Bitcoin buying streak finally hit a red day. The more important question is whether it was a pause or the start of another retreat.
U.S. spot Bitcoin exchange-traded funds recorded $148.7 million in net outflows on September 30, ending nine consecutive positive sessions that had pulled in roughly $3.08 billion.
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According to CryptoSlate, Fidelity’s FBTC accounted for $125.6 million of the reversal. Bitwise’s BITB lost $13.6 million and BlackRock’s IBIT shed $9.5 million, while the rest of the listed funds were flat.
That concentration matters. A broad wave of withdrawals across the largest issuers would look like institutional demand rolling over. One fund accounting for most of a single down day looks more
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