u.s. spot bitcoin etfs, funds that hold btc for stock-market investors, lost $484.9m net on october 7. that is the largest daily outflow since june 25. no fund had inflows, and blackrock's ibit, which carried the october 6 rebound, did not offset it. flows went from +$2.39b in late september to −$456m over october 5-7. redemptions can settle in btc, so this is not proof of equal spot selling.