Bitcoin · Bitcoin ETF · U.S. Treasury · Decrypt
Bitcoin ETFs Suffer Worst Loss Since June as Uptober Turns Red
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Bitcoin ETFs lost $484.9 million in a single day on Wednesday, the worst outflow since June 25, 's ETF tracker.
Key facts
- The Fed meets next on Oct. 27-28 and again on Dec. 8-9, and the September minutes set no date for the next increase
- The 30-year Treasury yield climbed to about 5.7% on Wednesday, its highest since 2002, while Brent crude settled around $100 a barrel and stocks slid from record highs
- Bitcoin ETFs lost $484.9 million in a single day on Wednesday, the worst outflow since June 25, 's ETF tracker
- That gets awkward for an asset that pays no interest: why hold Bitcoin through an ETF when a 10-year Treasury yields more than 5% and doesn't lose 6% in a few days
Summary
Bitcoin ETFs lost $484.9 million on Oct. 7, their biggest one-day outflow since June 25, with BlackRock's IBIT accounting for $207.7 million. The 30-year Treasury yield hit about 5.7%, its highest since 2002, while Brent crude settled near $100 and most Fed officials expect another rate hike by year end. The funds are down $163.3 million for October through the 7th, after Bitcoin's six-year October winning streak ended with a 3.69% drop in 2025. That one session erased roughly 81% of everything that flowed in over the previous nine, so about two weeks of patient buying went out the door in a day.