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US spot Bitcoin ETFs dumped $89.9 million on Monday. Just like that, two days of solid inflows — roughly $293 million — got wiped out in a single session.
Why It Matters
The significant outflow from US spot Bitcoin ETFs highlights the market's volatility and investor sentiment as Bitcoin approaches the one-year anniversary of its all-time high. This sharp reversal in inflows, following a brief respite, reflects growing uncertainty among investors regarding Bitcoin's near-term price trajectory and may affect institutional confidence in the cryptocurrency market as a whole. As the price remains substantially below its peak, the sustainability of ETF investments may come into question, potentially influencing future regulatory discussions and market dynamics.
The timing is rough. October 6, 2026 marks exactly one year since Bitcoin hit $126,080, its all-time high. Right now it’s trading at $85,559. That’s a 32% drop from the peak, and it’s not a number that makes ETF investors feel warm about their positions. Trading volume in the two sessions before Monday’s slide hit $2.18 billion, which shows there was real activity — just not the kind that held. The cumulative net inflows into US spot Bitcoin ETFs have now slid from around $61.3 billion down to $57.7 billion, a 5.8% drop that’s hard to ignore.
Not great.
Ether ETFs Hit Five Straight Days of Outflows
Bitcoin wasn’t alone in the red. US spot Ether ETFs lost about $51 million on Monday, making it the fifth consecutive day of outflows for those funds. Five days. Back to back. The total bleed over that stretch came to $206 million, and cumulative net inflows for Ether ETFs now sit at $13.8 billion. That’s a meaningful chunk of capital that’s walked out the door without much sign of reversing.
It’s probably fair to say the Ether situation is its own story, not just a Bitcoin echo. Investors seem genuinely hesitant about where Ether goes from here, and five straight days of outflows kind of backs that up. Whether it’s macro pressure, rotation out of crypto broadly, or something more specific to Ether’s fundamentals — unclear. No major stakeholders weighed in publicly on Monday’s moves, so the reasoning stays murky.
Altcoin ETFs: Solana and Zcash Slide, XRP Flatlines
Altcoin ETFs had a mixed Monday, though “mixed” is generous. Solana funds dropped $9.3 million. Zcash funds shed $3.6 million. Neither number is catastrophic on its own, but both point to the same cautious mood that’s been hanging over the market.
XRP ETFs are a different story. After a $3.3 million outflow on Friday, XRP funds recorded zero net flow on Monday. No inflows, no outflows. Basically flat. That kind of stabilization — if you want to call it that — stands out against the broader selling pressure. Maybe investors paused to reassess. Maybe there’s just less conviction either way. Hard to say without more data.
What’s clear is that investors aren’t treating all altcoins the same. Solana and Zcash took hits while XRP sat still. That selective pressure is worth watching. It’s not a market where everything moves together right now — it’s one where people are picking and choosing where to pull back.
The broader altcoin ETF landscape has been choppy for weeks. Spot products beyond Bitcoin and Ether are still relatively new to US markets, and Monday’s outflows in Solana and Zcash funds show that investor appetite for those products remains fragile. These aren’t huge dollar figures compared to Bitcoin ETF flows, but the direction matters.
And the direction, pretty much across the board, was out.
The Anniversary Nobody Wanted to Celebrate
There’s something almost poetic — and not in a good way — about this selloff landing on the one-year anniversary of Bitcoin’s peak. A year ago, $126,080. Today, $85,559. The anniversary probably isn’t causing the selling, but it makes the numbers sting a little more when you lay them side by side.
Bitcoin ETFs had shown some signs of life earlier in October, pulling in that $293 million over two sessions. But Monday erased the narrative fast. That’s how crypto markets work — momentum builds, then it doesn’t, and the reversal can come without much warning. The $89.9 million outflow on Monday isn’t the largest single-day bleed the market has ever seen, but it snapped a streak and pushed cumulative inflows meaningfully lower.
Ether’s five-day losing streak in ETF flows feels like a separate pressure point. The $206 million total outflow over those five days is real money, and the cumulative inflow figure of $13.8 billion now reflects a market that’s been steadily giving back gains. Whether that pace slows depends on what Bitcoin does next — Ether tends to follow Bitcoin’s lead, even when it’s got its own problems.
No comments from fund managers or major stakeholders on Monday’s moves. No guidance on what comes next. Just the numbers: $89.9 million out of Bitcoin ETFs, $51 million out of Ether funds, $9.3 million from Solana, $3.6 million from Zcash, and XRP sitting at zero net flow after Friday’s $3.3 million outflow.
Hub: XRP price, news, and analysis
Frequently Asked Questions
How much did US spot Bitcoin ETFs lose on Monday?
US spot Bitcoin ETFs recorded $89.9 million in net outflows on Monday, reversing roughly $293 million in inflows from the two prior trading sessions.
What is the current cumulative net inflow figure for US spot Bitcoin ETFs?
Cumulative net inflows into US spot Bitcoin ETFs dropped to $57.7 billion, down from approximately $61.3 billion, a decline of about 5.8%.
How did Ether ETFs perform during this period?
US spot Ether ETFs lost about $51 million on Monday, marking the fifth straight day of outflows, with a five-day total of $206 million in net outflows and cumulative inflows now at $13.8 billion.
