Bitcoin ETF Outflows Reach $485M as BTC Slips Toward $82,000

US spot Bitcoin ETFs saw a sharp reversal on Wednesday, posting $484.9 million in net outflows after two straight sessions of inflows, according to Farside Investors. BlackRock's iShares Bitcoin Trust (IBIT) led the day's withdrawals with $207.7 million redeemed. Fidelity's Wise Origin Bitcoin Fund (FBTC) followed at $105.1 million, while ARK 21Shares' ARKB logged $101.7 million in outflows. Bitwise's BITB lost $27.8 million, Grayscale's GBTC shed $39.3 million, and VanEck's HODL posted $3.3 million in redemptions. None of the 12 spot Bitcoin ETFs reported positive flows in the session, underscoring a broad risk-off shift in investor positioning. The move wiped out earlier momentum for the week. On Monday, Oct. 5, the funds recorded roughly $89.9 million in net outflows, followed by $118.8 million of inflows on Tuesday. Wednesday's $484.9 million pullback more than erased those gains. While ETF flows don't always translate one-for-one into immediate spot-market selling, sustained redemptions can soften demand for Bitcoin and weigh on sentiment. Bitcoin prices weakened alongside the ETF selling. Over the past 24 hours, BTC fell about 1.8%, sliding from around $85,550 to $83,300 during Wednesday's session, then drifting toward $82,700 early Thursday. The drop came as US Treasury yields climbed, the dollar firmed, and investors reassessed the Federal Reserve's rate outlook. Minutes from the Fed's September meeting showed policymakers remained focused on inflation, with most officials penciling in the possibility of another rate hike before the end of 2026. Technically, immediate support is seen in the $82,000–$83,000 zone. A decisive break below that area could invite additional selling, while a rebound toward $86,500–$87,000 would signal buyers regaining the upper hand.