Quick Read
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Bitcoin, Ethereum, and Solana ETFs shed a combined $219M on September 30 due to quarter-end rebalancing, not a loss of crypto confidence.
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Fidelity’s FBTC alone drove 84% of Bitcoin’s outflows, yet total Bitcoin ETF assets still climbed to $108 billion as prices rose.
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Bitcoin ETFs snapped back with $103M on October 1, while Ethereum extended its losing streak to three straight days, signaling a rotation.
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On September 30, 2026, the final trading day of the third quarter, investors withdrew $148.7 million from U.S. spot Bitcoin (CRYPTO:BTC) funds Ethereum (CRYPTO: ETH) funds saw outflows of $59.6 million, while Solana (CRYPTO: SOL) funds lost $11.1 million on the same day
This marked an abrupt end to a nine-day trend of inflows into Bitcoin funds, which had brought in about $3.1 billion. Interestingly, XRP (CRYPTO: XRP) funds saw no change, with net inflows recorded at zero. So, did investors lose faith in crypto as the quarter wrapped up, or was it a seasonal adjustment?
One Fidelity Fund Accounted for Most of the Bitcoin ETF Outflow
When we break down the Bitcoin outflows, the picture changes. The Fidelity Wise Origin Bitcoin Fund (CBOE: FBTC) alone accounted for $125.6 million of the outflows, representing about 84% of the total. Other Bitcoin funds lost roughly $23 million combined.
These funds had a strong month overall. In September, U.S. spot Bitcoin ETFs collected around $2.7 billion, with an impressive $2.4 billion coming in just one week leading up to September 25.
Despite the outflows, total assets for these funds still rose to about $108 billion that day, largely because the Bitcoin they held gained value, driven by market prices rather than cash inflows and outflows.
Quarter-End Rebalancing Likely Drove the Crypto ETF Outflows
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