Outflows from Bitcoin ETFs over the last month have been relatively small despite October’s historic market crash that slashed prices by 20%.
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Bitcoin exchange-traded funds (ETFs) saw less than $1 billion in outflows following the historic crypto market crash in October that caused a 20% decline in BTC’s price, according to senior Bloomberg ETF analyst Eric Balchunas.
The on Thursday, recording about $240 million in capital inflows, Balchunas , sharing a chart that showed net outflows of about $722 million over the past month.
“Told y’all the ETF-using boomers are no joke. So who’s been selling? To quote that horror movie, ‘Ma’am, the call is coming from inside the house,’” Balchunas said.
The comments refer to the and long-term BTC holders, who cashed in around the $100,000 price level during October.
October’s wiped away about $20 billion in leveraged crypto bets within 24 hours, marking the worst crypto liquidation event in history and denting crypto prices to the point of forcing from several investment companies.
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Long-term Bitcoin holders, those who have held BTC for 155 days or more, dumped 405,000 BTC, valued at over $41.3 billion at the time of this writing, to CryptoQuant analyst Maartunn.
Nearly half of all ETF investors by brokerage and financial services company Charles Schwab in July and August said they , beating out emerging market equities, commodities and real assets.
“ETFs are slow money. RIAs, pensions, and 401(k)s buy rules, not rumors. They rebalance, they average in. Traders puke, basis traders unwind, perps cascade,” author Shanaka Anslem Perera on X.
Capital inflows into ETFs have damped Bitcoin’s price volatility, helping to create a floor that supports prices by pulling in funds from traditional investors, analysts say.
These passive investment flows into BTC ETFs and growing conviction among Bitcoin ETF holders in Bitcoin’s long-term price appreciation and its use cases as a store of value or a macroeconomic asset.
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