Bitcoin ETFs See Outflows During Major Selloffs Despite Market Expectations
US spot Bitcoin ETFs experienced outflows in seven of eight major downturns since their January 2024 launch.
US spot Bitcoin ETFs experienced outflows in seven of eight major downturns since their January 2024 launch. Bitcoin (BTC) is trading at $81,048.00, down 0.3% since this brief published. This is an original TLT brief based on reporting by CryptoSlate, with live market data added, as of Fri, 23 Oct 2026 00:30:04 UTC.
This challenges the assumption that institutional investors would stabilize Bitcoin prices during market downturns, suggesting their behavior may not differ significantly from retail investors during extreme volatility.
- Bitcoin ETFs recorded outflows in 7 of 8 major selloffs since January 2024.
- Market declines of at least 15% triggered consistent ETF outflows.
- Current BTC price at $81,253, down 3.71% in the last 24 hours.
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- Bitcoin ETFs See Outflows During Major Selloffs Despite Market Expectations — this brief
A new report from DWF Labs, shared with CryptoSlate, reveals that US spot 
Bitcoin exchange-traded funds (ETFs) have not behaved as stabilizing forces during major market downturns. The data shows that these ETFs recorded outflows in seven out of eight instances when Bitcoin's price fell by at least 15% since their debut in January 2024.
This behavior challenges the narrative that institutional investors would act as a buffer against extreme market volatility. Instead, the data suggests that ETF investors may be reacting to market conditions similarly to retail traders, exacerbating selloffs rather than mitigating them.
The findings come at a time when the total cryptocurrency market cap stands at $2.79 trillion, with Bitcoin's price at $81,253, representing a 3.71% decline over the past 24 hours. The current Fear & Greed index of 68 indicates a state of 'Greed' in the market, suggesting potential vulnerability to further volatility.
While the report provides insights into ETF investor behavior, it also raises questions about the broader implications for market stability. The data suggests that the presence of ETFs may not necessarily lead to the reduced volatility that some market participants had anticipated.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $81,253.00 to $81,048.00 — -0.25%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin reach $85,000 in October?
Crowd-implied probability on Polymarket, $99.80K 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 22 23:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦110.70M (about $81,048.00), down 3.7% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin ETFs See Outflows During Major Selloffs Despite Mark — questions & answers
What happened to Bitcoin ETFs during market downturns?
Bitcoin ETFs experienced outflows in seven of eight major selloffs since January 2024.
How did Bitcoin ETFs perform during 15% market declines?
They consistently recorded outflows during declines of at least 15%.
What is the current state of the crypto market?
The total market cap is $2.79T, with Bitcoin at $81,253, down 3.71% in 24 hours.
How much is 1 Bitcoin worth in naira today?
About ₦110.70M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $81,048.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.25% since this brief first published — trading at $81,048.00 now versus $81,253.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoSlate. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.