🏦 Spot $BTC ETFs: Five Straight Days of Outflows
What happened: US spot Bitcoin ETFs saw about $299.8M in net outflows on Nov 11. That brings the five-session streak since Nov 5 to roughly $1.44B.
BlackRock's IBIT led the selling. It was responsible for about 90% of the Nov 11 BTC outflow and has now seen nine consecutive days of redemptions. Across eight sessions through Nov 11, total outflows reached about $1.88B, with only one inflow day (Nov 4, +$74.6M).
Why it matters: ETF demand was a key bid for BTC. Its absence, together with shrinking stablecoin supply, points to thin fresh buying.
What to watch next: the Nov 12 flow data (still incomplete at last check). A turn back to positive flows from IBIT and FBTC would be the first sign that institutional demand is returning.
#BitcoinETF #BTC #IBIT #Institutional
What happened: US spot Bitcoin ETFs saw about $299.8M in net outflows on Nov 11. That brings the five-session streak since Nov 5 to roughly $1.44B.
BlackRock's IBIT led the selling. It was responsible for about 90% of the Nov 11 BTC outflow and has now seen nine consecutive days of redemptions. Across eight sessions through Nov 11, total outflows reached about $1.88B, with only one inflow day (Nov 4, +$74.6M).
Why it matters: ETF demand was a key bid for BTC. Its absence, together with shrinking stablecoin supply, points to thin fresh buying.
What to watch next: the Nov 12 flow data (still incomplete at last check). A turn back to positive flows from IBIT and FBTC would be the first sign that institutional demand is returning.
#BitcoinETF #BTC #IBIT #Institutional