October 11, 2026 – US spot Bitcoin funds shed cash on three of five trading days. Oil, bond yields and a hawkish Fed kept buyers wary before Wednesday’s CPI data.
In Summary
US spot Bitcoin ETFs posted $678.9 million of net outflows in the week to Oct. 9.
Fidelity’s FBTC lost $380.3 million, while BlackRock’s IBIT ended the week almost flat.
Bitcoin traded near $82,870 early Sunday, 4.2% below last Sunday’s close.
Fed minutes show most officials see another rate rise as likely by year-end. September CPI lands on Oct. 14.
Bitquery now counts $93.2 million drained from 315 wallets tied to CryptoBilis-sold Ledger devices.
Bitcoin ETF outflows swung back into focus last week as the largest cryptocurrency struggled to find buyers. US spot Bitcoin funds lost a net $678.9 million from Oct. 5 to Oct. 9, according to Farside Investors data. Meanwhile, Bitcoin traded at $82,869.80 at 03:48 UTC on Sunday, Kraken data show.
That price leaves Bitcoin 4.2% below last Sunday’s close of $86,510.40. Still, the token sits 7.3% above its close a month earlier. The weekend has stayed calm so far. Saturday’s range spanned just 0.75%, from $82,474.80 to $83,089.70.
Bitcoin ETF outflows cluster midweek
The selling did not arrive evenly. Funds lost $89.8 million on Monday, then took in $118.8 million on Tuesday. However, Wednesday brought a $484.9 million exit, the heaviest day of the week. Thursday added $244.1 million of redemptions before a small $21.1 million inflow on Friday.
The outflows lined up with the week’s sharpest price moves. Bitcoin fell 2.6% on Wednesday and another 1.9% on Thursday, Kraken data show. Thursday’s intraday low of $80,328.60 marked its weakest level since Sept. 20.
Fidelity’s FBTC led the retreat with $380.3 million of net redemptions. The ARK 21Shares fund, ARKB, followed with $207.2 million. By contrast, BlackRock’s IBIT finished the week with a net inflow of just $1.1 million. The week before, the same group of funds attracted $241.1 million.
Even after the slide, cumulative net inflows since launch stand at $57.2 billion. The week’s Bitcoin ETF outflows equal about 1.2% of that total. That suggests a pullback by some holders rather than a broad exit.
Oil and the Fed weigh on risk
Macro pressure explains part of the caution. Minutes of the Fed meeting held Sept. 15 to 16 show officials lifted the target range to 3.75% to 4%. Moreover, “most participants assessed that another increase” would likely be appropriate by year-end.
The minutes also flagged geopolitical events that “had pushed up prices for crude oil and refined fuel products.” Energy data back that up. WTI crude cost $96.24 a barrel on Oct. 6, according to EIA spot price data. That figure sits 54% above the $62.49 recorded a year earlier. Brent spot traded even higher, at $125.44.
Bond markets add to the strain. The 10-year Treasury yield closed at 5.24% on Friday, up from 4.19% on Jan. 2. Higher yields raise the hurdle for assets that pay no income, such as Bitcoin.
CPI week sets the next test
Traders now turn to fresh inflation data. The Bureau of Labor Statistics publishes September CPI on Wednesday, Oct. 14, at 8:30 a.m. ET. Producer prices follow on Thursday. After that, the Fed meets again on Oct. 27 and 28.
August consumer prices rose 3.4% from a year earlier, BLS index data show. A hot September print could firm the case for a December hike. Conversely, a soft reading could revive demand for ETFs and other risk assets.
Ledger reseller losses keep climbing
Security worries also linger. Blockchain analytics firm Bitquery now counts $93.2 million drained from 315 wallets across six chains. Its earlier tally stood at $92.9 million from 311 wallets. The firm’s on-chain data run to 07:00 UTC on Oct. 10. According to Bitquery, the affected wallets link to Ledger devices sold by CryptoBilis, a reseller in Southeast Asia.
Tron wallets account for $70.5 million of the losses, while Bitcoin wallets lost $16.8 million. Tether has frozen $10.0 million of USDT across 20 wallets. Ledger has not confirmed the cause. It has advised affected buyers to consider moving assets to a new signer with a fresh seed.
Corporate demand offers a partial offset. Strategy’s STRC preferred stock closed at $99.655 on Friday, Nasdaq data show. That was its highest close since May 14, when it ended at $100. Firm prices matter because Strategy has used preferred stock sales to fund Bitcoin purchases.
Altcoins fall harder than Bitcoin
Major altcoins underperformed over the same stretch. Ether traded at $2,504.57, down 8.1% from last Sunday’s close. It touched $2,405.35 on Thursday, its lowest point of the week. Solana fell 9.9% to $109.49, and XRP slid 8.5% to $1.39. In short, traders cut riskier tokens faster than Bitcoin itself.
What to watch next
Three signals matter this week. First, daily fund data will show whether Bitcoin ETF outflows persist after Wednesday’s exodus. Second, CPI will shape bets on a December rate rise. Finally, any update from Ledger could ease or deepen security fears. Until then, Bitcoin may take its cue from macro headlines rather than token-specific stories.
