Bitcoin ETFs bleed $1.28B as CPI week collides with rate-hike bets

US spot Bitcoin ETFs bled $1.28 billion across the week, according to Farside's rounded daily tallies: minus $398.6 million Monday, minus $115.6 million Tuesday, plus $74.6 million Wednesday, minus $430.2 million Thursday and minus $411.9 million Friday. Those five days sum to a net $1,281.7 million withdrawal. Wednesday's green print trimmed the damage without flipping the direction.

Friday's total hid a lopsided split. BlackRock's IBIT shed $403 million while Fidelity's FBTC pulled in $42.8 million, leaving the rest of the fund complex down $8.9 million collectively. That arithmetic maps where the money went, but it can't show whether dollars leaving one fund landed in another. Broader still, US spot Bitcoin ETFs recorded $1.92 billion in net outflows from 30 October to 6 November.

The price moved on its own clock. Bitcoin dropped below $75,000 on 9 November with Ether trading near $2,100, then reclaimed $76,000 on Friday and held above it into Saturday — with no US fund session open to confirm whether weekend buyers were ETF buyers. As crypto.news reported, Bitcoin and Ether ETFs together lost $1.65 billion over the week.

October CPI lands Tuesday at 8:30 a.m. Eastern, and the year-on-year line comes with an asterisk. The 2025 funding lapse left most October 2025 indexes unavailable, and the BLS says it will omit October 2026 annual changes for series missing that earlier observation — so a blank annual figure reflects the comparison period, not current price direction. Traders can still work with the seasonally adjusted monthly change and categories like shelter, goods and services where readings exist.

The rates backdrop is already split. The Federal Reserve held its target range at 3.75% to 4% on 28 October, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favour of a quarter-point increase, a 10-to-2 decision. The committee called activity strong, inflation elevated, and flagged resilient domestic spending and robust capital investment alongside geopolitical uncertainty. The 165,000-payroll October jobs report arrived after that vote.

September's CPI gives the last clean benchmark: a 0.6% seasonally adjusted monthly rise for all items, 0.3% excluding food and energy, with published annual increases of 3.7% and 2.6%. After Tuesday's release, the tells are whether Treasury yields and futures-implied rates shift, and whether a price pop survives to the US close. Rising prices alongside falling futures open interest can mean shorts closing; rising prices with stronger spot demand and improving ETF creations tell a different story.