US Bitcoin ETFs have just broken a streak of nine consecutive sessions of entries. On September 30, the funds recorded $148.7 million in net outflows. Fidelity concentrates the majority of withdrawals with 125.6 million dollars. The reversal comes after a streak that attracted more than $3 billion to Bitcoin in less than two weeks.
In brief
- Bitcoin ETFs see $148.7 million in net outflows.
- Fidelity alone accounts for $125.6 million in withdrawals.
- The previous series of nine sessions brought in more than $3 billion.
Bitcoin loses its streak of nine positive sessions
The sequence began on September 17. Six sessions later, Bitcoin ETFs had already attracted more than $2.8 billion. It was finally extended until September 29. The next day, change of direction. US-listed spot Bitcoin ETFs saw $148.7 million in net outflows on September 30. Fidelity largely leads the movement: its FBTC lost $125.6 million.
Bitwise follows with $13.6 million withdrawn from BITB. Even BlackRock is slightly in the red. Its IBIT ETF shows $9.5 million in outflows.
The other major funds remained neutral on the day. The contrast with previous sessions is clear. As of September 29, ETFs had received another $66.2 million. The day before, about 31 million had entered the products. So the series ends just before the start of October. Nine days. More than 3 billion dollars injected. Then 149 million withdrawn in one session.
Fidelity carries almost the entire release
The overall figure may give the impression of a widespread withdrawal of investors. That’s not really what the data shows. Of the $148.7 million released Wednesday, Fidelity accounts for about 84% of the total. BlackRock lost just $9.5 million and the majority of other ETFs saw no net movement.
The market had already experienced much more difficult sessions in September. As of September 15, Bitcoin ETFs had suffered $450.4 million in outflows. Fidelity had already led withdrawals with $214.8 million.
A few days were enough to completely reverse the trend. On September 21, ETFs then attracted almost $999 million in a single session. Then 714.7 million the next day, 347 million on Wednesday and 190.6 million on Thursday.
The pace was already slowing down. On Friday, September 25, entries fell further to $134.5 million. Monday and Tuesday had added about 31 and 66 million, respectively. The September 30 release therefore doesn’t really come out of nowhere.
Bitcoin ETFs remain largely positive on the streak
A day of $149 million in withdrawals does not erase the billions that arrived previously. Bitcoin ETFs attracted around $2.4 billion during the week ended September 25 alone, their best weekly performance since October 2025. This surge even allowed cumulative flows for 2026 to return to the green.
The turnaround is spectacular when we look back a few months. As of July, ETFs’ annual balance sheet still showed around $5.8 billion in outflows.
Bitcoin then regained institutional demand. This type of movement is not new. Already at the beginning of September, Bitcoin ETFs had recorded their best series of the year, with nearly $3.8 billion collected in three weeks. The $148.7 million on September 30 therefore puts an end to a series. Not to the institutional flows accumulated since mid-September. The next few days will mainly allow us to see if Fidelity has simply undergone a big redemption session or if other funds are starting to follow. For Bitcoin, the difference will be significant.
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