Banks added Bitcoin ETF shares in Q3. ETF holders are selling them in November.
• Spot BTC ETF flows, Nov 11: -$299.9M, a fifth straight outflow day (SoSoValue)
• Total since Nov 5: about -$1.44B
• IBIT: -$269.7M, its ninth straight redemption session
• Barclays' IBIT stake at Sept 30: 3.94M shares, up 48% (13F)
• Citigroup's IBIT stake: up 50% to about 521,000 shares (13F)
$BTC sits at $72,575 after -7.2% over 7 days (chart, UTC). Read it carefully: 13Fs are a quarter-end snapshot, the outflows are live. Slower, longer-term money may be arriving while faster money exits. Which side sets the price for the next month? #BitcoinETF #BTC Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
• Spot BTC ETF flows, Nov 11: -$299.9M, a fifth straight outflow day (SoSoValue)
• Total since Nov 5: about -$1.44B
• IBIT: -$269.7M, its ninth straight redemption session
• Barclays' IBIT stake at Sept 30: 3.94M shares, up 48% (13F)
• Citigroup's IBIT stake: up 50% to about 521,000 shares (13F)
$BTC sits at $72,575 after -7.2% over 7 days (chart, UTC). Read it carefully: 13Fs are a quarter-end snapshot, the outflows are live. Slower, longer-term money may be arriving while faster money exits. Which side sets the price for the next month? #BitcoinETF #BTC Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
