Bitcoin Temporarily Slides Under $107k as US Spot ETFs See Heavy Outflows; Solana ETF Bucks the Trend

Bitcoin traded as little as US$106,398 on Friday morning earlier than recovering to round US$110k.
Macro headwinds together with unresolved US-China commerce tensions, persistent inflation considerations, and ongoing authorities shutdown are weighing on investor sentiment.
US spot Bitcoin ETFs recorded US$470.7 million in internet outflows, with Constancy’s FBTC and ARK’s ARKB experiencing the biggest losses.
Newly launched Solana spot ETF BSOL bucked the development with three consecutive days of internet inflows, together with US$69.5 million on its debut buying and selling day.

Bitcoin (BTC) dipped beneath the US$107k (AU$163.3k) mark within the early hours of Friday, Australian time, buying and selling as little as US$106,398 (AU$162,432) at 6 a.m.
On the time of writing, it has recovered to round US$110k (AU$167.9k), although stays risky.

BTC has been buying and selling on this vary for a lot of the second half of October, after reaching a brand new all-time excessive of US$126,198 (AU$192,680) on 7 October.

Bitcoin’s month-to-month chart, supply: CoinMarketCap

Bitcoin’s unsure path comes regardless of optimistic developments within the US–China trade war, though no formal decision has been reached. Buyers stay cautious, with inflation nonetheless a priority and Fed Chair Jerome Powell signalling uncertainty over further rate cuts in December.

The US authorities shutdown additionally weighs on merchants’ minds, with some prediction markets showing strong odds that this might change into the longest ever shutdown.

So, whereas market observers maintain their breath over whether or not we’ll see a decision to those macro threats, US spot Bitcoin exchange-traded funds (ETFs) proceed to lose steam.

Associated: Australia’s Crypto Sector Welcomes New Rules, but Pushes for Clearer Guidance

US Spot Bitcoin ETFs See Second-Largest Outflows

Yesterday, we reported US$382.6 million (AU$580.7 million) in internet outflows, however up to date data reveals the outflows have been really worse than that.

US$470.7 million in internet outflows have been recorded, with Constancy’s FBTC displaying the biggest loss — US$164.4 million (AU$251.1 million) — adopted by ARK’s ARKB at US$143.8 million (AU$219.6 million).

The most important Bitcoin ETF — and the fastest-growing ETF in historical past — BlackRock’s IBIT, misplaced US$88.1 million (AU$134.5 million) however nonetheless holds 3.8% of all BTC, round 805,534 cash valued at US$88.46 billion (AU$135.11 billion).

Present US spot Bitcoin ETF AUM, supply: BiTBO

The outflow got here after 4 straight days of inflows and is likely one of the greatest since US spot Bitcoin ETFs launched. It’s additionally October’s second-largest outflow — solely 16 October noticed extra, with US$530.9 million (AU$811.3 million) leaving these ETFs.

Solana ETF Welcomed to NYSE, Extends Three-Day Influx Streak

Different main ETFs, such because the US spot Ethereum funds, additionally noticed outflows this week, whereas the Solana spot ETFs — launched on 28 October — proceed to see internet inflows.

The primary buying and selling day noticed the biggest launch-day inflows of 2025, with US$69.5 million (AU$106.1 million), whereas the latest session recorded US$37.3 million (AU$56.9 million) in internet inflows.

Bitwise’s BSOL fund was formally launched on the New York Inventory Trade (NYSE) lately, with distinguished visitors in attendance, together with Bitwise CEO Hunter Horsley and Solana Labs co-founder Anatoly Yakovenko.