Bitcoin ETFs Face Rare Outflows While Massive Binance Withdrawals Signal New Accumulation Trends

U.S. spot Bitcoin ETFs had drawn about $241 million over three consecutive weeks, while spot Ether ETFs recorded roughly $138 million in weekly outflows; Solana and XRP funds attracted money, and Zcash funds posted their first recorded weekly outflow. In a reversal on Oct. 5, Bitcoin ETFs saw about $90 million in net outflows, while Ether ETFs lost roughly $51 million for a fifth straight session and Solana funds also recorded outflows. Bitcoin traded near $85,000–$86,000, and more than 40,000 BTC—about $3.3 billion—left Binance since Sept. 20, a movement analysts said could reflect accumulation or custody transfers. Ethereum’s estimated leverage ratio fell to a seven-month low amid derivatives selling, and dormant coins moved onchain, though exchange balances changed little. Reports differed on the daily ETF-flow figures, but most identified outflows from Bitcoin and Ether funds on Oct. 5.
CryptoQuant analyst Darkfost said Binance’s weekly Bitcoin withdrawals were the strongest since June 2023, with about 23,100 BTC leaving in the previous week. He described the withdrawals as building “a solid floor under Bitcoin” as investors bought and moved BTC off exchanges.
Bitcoin was trading about 32% below its $126,080 all-time high from Oct. 6, 2025. Since the record, cumulative net inflows into U.S. spot Bitcoin ETFs had declined 5.8%, from roughly $61.3 billion to $57.7 billion.
Santiment said Ethereum’s Age Consumed metric spiked to 580 million token-days on Sept. 30—about nine times its September weekday average and its highest reading since June 2. Despite the movement of previously dormant coins, Ethereum exchange balances barely changed over Sept. 30 and Oct. 1.
Within the roughly $89.8 million Bitcoin ETF net outflow on Oct. 5, ARKB recorded $85.2 million in redemptions and FBTC $74.5 million, while BlackRock’s IBIT was the only fund with an inflow, taking in $69.9 million.
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