Bitcoin ETFs shed $283 million in a day

Lookonchain posted the October 9, 2026 print for the bitcoin and Ethereum ETFs just before 10 a.m. Eastern. Bitcoin ETFs showed a one-day net flow of 3,412 bitcoin out, which the account priced at $282.91 million. Ethereum ETFs showed 38,576 ETH out, priced at $96.2 million. The post is here:

A net flow is the creation and redemption total for the funds as a group. A negative number means authorized participants redeemed shares and took coins out of the wrapper. It is not a quote from a single exchange book, and it is not a list of which issuer did the redeeming. Lookonchain published the day and the trailing week, in coins and in dollars, for bitcoin and for Ethereum.

The day and the week answer different questions. The day is that session's creations minus that session's redemptions. The week rolls seven sessions together. On this card the bitcoin day, $282.91 million, is a bit more than half of the bitcoin week, $559.35 million. The Ethereum day, $96.2 million, is a smaller share of its week, $515.41 million, so those Ethereum redemptions were already building in the sessions before Friday.

The bitcoin day is the larger dollar figure. At the price on the card, 3,412 bitcoin is $282.91 million. The seven-day bitcoin total is 6,747 bitcoin, or $559.35 million, so Friday is a bit more than half of the week's dollars. The week is not a slow leak cut into equal sessions. Friday is the heavy session on that card. Lookonchain marked both in red.

Ethereum's day is smaller and its week is close. 38,576 ETH is $96.2 million for the session. Over seven days the Ethereum funds are down 206,680 ETH, or $515.41 million. Set next to bitcoin's seven-day figure of $559.35 million, the Ethereum book did almost the same dollar work on a much smaller coin price. A desk that reads only the bitcoin line will miss that.

Adding the dollar lines is a sum, and Lookonchain did not publish it. Friday's two prints together are $379.11 million out. The two seven-day prints together are $1.07 billion out. Those totals are useful for a book that holds both funds. They stay attached to the sentence that says they were added here, so a reader can tell the card from the arithmetic.

The card is the complex. It does not split one issuer from another, and it does not name the firm that delivered the basket. A ticker-by-ticker tape still comes from the issuers or from a flow table that lists each fund. What this print is for is the total: whether the wrapper, taken together, created shares or redeemed them on the day and across the week.

The same week produced a different kind of ETF headline. Robinhood said it is exploring a stock token linked to an actively managed fund, which is not a spot bitcoin or Ethereum flow and should not be read as one. That story is here: https://cryptokeymedia.com/news/robinhood-trowe-active-etf

What comes next is the next session's card. Friday's four figures are the pair to beat: $282.91 million and $96.2 million on the day, $559.35 million and $515.41 million on the week. The follow-up is the next update from the same account, with a new one-day line and a seven-day window that has rolled forward by one session. A spot Bitcoin ETF is the share those flows are leaving. The term is here: https://cryptokeymedia.com/news/what-is-a-bitcoin-etf