# Bitcoin ETFs lose $635 million in a day, the most since June; Bitcoin near $81,700 (Rs 2.26 crore)

Source: Searchable (https://searchable.pk/news/crypto/bitcoin-etfs-lose-dollar635-million-in-a-day-the-most-since-june-bitcoin-near)
Type: News article
Author: Searchable Editorial
Published: 23 Oct 2026
Updated: 23 Oct 2026
Retrieved: 25 Oct 2026

> US spot Bitcoin funds saw their biggest one-day outflow in four months, turning October negative. Here are the flows, the price in rupees and what it signals.

**US spot Bitcoin ETFs lost $635 million in net outflows on Thursday 22 October, the biggest one-day withdrawal since 25 June**, [Cointelegraph reported](https://cointelegraph.com/markets/bitcoin-etfs-erase-october-gains-outflow) from SoSoValue data. The pull-out ended a three-day run that had brought in $1.08 billion and pushed October as a whole back into the red, at **$175 million of net outflows** for the month so far.

Bitcoin itself slipped about 1% over 24 hours to around **$81,700**, after touching $84,777 on Wednesday. On our [Bitcoin data page](/data/btc-usd), the 23 October reading is **$81,706.76, about Rs 2.26 crore** at the State Bank's rate of Rs 276.85 to the dollar (our arithmetic).

## Bitcoin ETF flows this week

| Day or period | Net flow |
|---|---|
| Wednesday 21 October | +$528 million |
| Three days to Wednesday | +$1.08 billion |
| **Thursday 22 October** | **-$635 million** (largest since 25 June, when $696 million left) |
| Week so far | +$443 million |
| October so far | -$175 million |

Thursday's outflow was not limited to Bitcoin. Ether ETFs lost about $111 million, Solana funds about $9 million and Hyperliquid funds about $8 million, while XRP funds took in about $3.6 million.

## Why it matters

ETF flows are the clearest daily read on how big US investors feel about crypto, and a single outflow of this size usually signals profit-taking or a move out of risk. Markets have been jittery all week over the US-Iran confrontation, with US crude holding above $100 a barrel, [CNBC reported](https://www.cnbc.com/2026/10/23/oil-price-brent-wti-iran-war-saudi-arabia.html); Cointelegraph did not tie Thursday's selling to any one cause. The week as a whole is still positive, so one bad day does not yet make a trend.

## What it means in rupees

| Coin (23 October) | US dollars | Pakistani rupees (our arithmetic) |
|---|---|---|
| Bitcoin | $81,706.76 | about Rs 22.6 million |
| Ether | $2,400.07 | about Rs 664,000 |

For context, Thursday's $635 million outflow alone equals about **Rs 176 billion**. For live readings and history, see the [Bitcoin](/data/btc-usd) and [Ether](/data/eth-usd) pages; to convert any amount, use our [currency converter](/tools/finance/currency-converter).

## Elsewhere in crypto on Friday

HSBC launched **RedCoin (RCHKD)**, a Hong Kong dollar stablecoin, inside its PayMe app, which has more than 3.3 million users, [CoinDesk reported](https://www.coindesk.com/business/2026/10/23/hsbc-rolls-out-its-first-stablecoin-to-over-3-million-everyday-app-users). Users can send it to friends and pay at more than 100,000 merchants. The Hong Kong Monetary Authority licensed HSBC as one of its first stablecoin issuers in April.

Crypto prices swing sharply; never put in money you cannot afford to lose.

## Frequently asked questions

**What is the Bitcoin price in Pakistani rupees today?**

On 23 October 2026 Bitcoin was $81,706.76, about Rs 2.26 crore at the SBP rate of Rs 276.85 to the dollar.

**How much left Bitcoin ETFs on 22 October 2026?**

$635 million in net outflows, the largest single day since 25 June, according to SoSoValue data reported by Cointelegraph.

## Sources

- Bitcoin ETFs bleed $635M as October slides back into the red (23 Oct 2026) (Cointelegraph): https://cointelegraph.com/markets/bitcoin-etfs-erase-october-gains-outflow
- HSBC rolls out its first stablecoin to over 3 million everyday app users (23 Oct 2026) (CoinDesk): https://www.coindesk.com/business/2026/10/23/hsbc-rolls-out-its-first-stablecoin-to-over-3-million-everyday-app-users
- USD/PKR M2M revaluation rate, 22 October 2026 (State Bank of Pakistan): https://www.sbp.org.pk/ecodata/kibor_index.asp

How to cite: "Bitcoin ETFs lose $635 million in a day, the most since June; Bitcoin near $81,700 (Rs 2.26 crore)", Searchable, 23 Oct 2026, https://searchable.pk/news/crypto/bitcoin-etfs-lose-dollar635-million-in-a-day-the-most-since-june-bitcoin-near