Crypto ETF Flows Reverse on September 30 as Bitcoin Funds…

U.S. spot crypto exchange-traded funds turned sharply negative on September 30, with Bitcoin, Ether and Solana products all recording net withdrawals after a period of sustained institutional inflows.Bitcoin ETFs posted $148.7 million of net outflows, ending a nine-trading-day positive streak. Ether funds lost another $59.6 million, while Solana ETFs recorded approximately $12.5 million of net redemptions. Across the three categories, that produced roughly $220.8 million of combined net outflows.The reversal was particularly pronounced compared with September 29, when Bitcoin attracted $66.2 million and Solana added $5.4 million while Ether posted a comparatively small $2.8 million withdrawal.

Fidelity Drives Bitcoin's $148.7M Reversal

Bitcoin recorded the largest withdrawal of the three categories. Fidelity's FBTC accounted for approximately $125.6 million of redemptions, making it the dominant contributor to the day's $148.7 million aggregate withdrawal.The result ended a nine-session Bitcoin ETF inflow streak that began September 17 and accelerated dramatically during the previous week.Between September 21 and September 25 alone, Bitcoin funds attracted approximately $2.39 billion, including $999 million on September 21 and $714.7 million the following session. Daily inflows subsequently slowed to $134.5 million on September 25, $31 million on September 28 and $66.2 million on September 29 before finally turning negative Wednesday.The September 30 reversal therefore represents a clear change in daily direction, although it does not erase the substantially larger inflows accumulated during the preceding streak.Bitcoin ended September around the $83,000 level, having delivered its first positive quarter in a year and gained more than 40% during the third quarter despite a late-month pullback.

Ether and Solana Join the Outflows

Ether ETFs also experienced a considerably weaker session. The category recorded $59.6 million of net outflows, deepening the reversal that began one day earlier. Ether funds had lost only $2.8 million on September 29 after seven consecutive positive sessions, meaning September 30 represented a significant acceleration in redemptions.Before the reversal, Ether ETFs had attracted approximately $850.8 million during the seven-session run beginning September 18, including $270 million on September 21 and $162.2 million on September 22.Solana ETFs also turned negative, posting approximately $12.5 million of withdrawals after seven consecutive positive sessions.Bitwise's BSOL lost $8.9 million, while VanEck's VSOL and Morgan Stanley's MSOL each recorded approximately $3.2 million of outflows. Fidelity's FSOL partially offset the redemptions with roughly $2.8 million of inflows, while TSOL, SOEZ and GSOL were flat.That reversed Solana's $5.4 million inflow on September 29 and contrasted sharply with the category's record $86.7 million intake on September 25. The September 30 figures consequently mark the clearest broad-based ETF reversal since the latest institutional buying wave began.Bitcoin's $148.7 million withdrawal remains small compared with the $2.39 billion it attracted during the previous week, while Ether's recent inflow streak also left substantial accumulated demand.Nevertheless, the final trading session of September produced a notable change in positioning: Bitcoin, Ether and Solana ETFs all finished in negative territory simultaneously, generating approximately $221 million of combined net redemptions.