Guys!! After three straight days of outflows, U.S. spot BTC ETFs finally bounced back yesterday!!!
Farside's figures: On November 4 (Wednesday, U.S. time), total net inflows were around $276 million, after outflows of more than $1.16 billion over the previous three days～ Fidelity's FBTC led the way this time, bringing in about $237 million in one day; ARK's ARKB took in about $19.9 million, Bitwise's BITB about $15.2 million, and Invesco's BTCO another $4 million.
But one detail needs clarifying!! Farside hasn't updated BlackRock's IBIT figure for the day yet, so that $276 million doesn't include it～ For the past few days, IBIT was almost the only one seeing outflows (more than $400 million left in a single day on November 2), so we'll have to check again once its numbers come out to see whether net inflows grow or get wiped out, haha.
ETH also edged back into positive territory: CoinVictor shows spot ETH ETFs had net inflows of around $42.6 million on November 4, after several consecutive days of outflows.
I just checked CoinGecko: Bitcoin is around $80,500, up more than 5% in 24 hours; ETH is around $2,426, up nearly 8%～
Honestly, I was pretty surprised to see Fidelity step in and buy this dip!! There are more and more signs that institutional selling is winding down, but until IBIT posts a positive day, I won't call it a real reversal. If you're holding, hold tight—and don't chase too aggressively above $80K～
What do you think IBIT's numbers will show: inflows or outflows?
$BTC $ETH
#ETF #Crypto
Farside's figures: On November 4 (Wednesday, U.S. time), total net inflows were around $276 million, after outflows of more than $1.16 billion over the previous three days～ Fidelity's FBTC led the way this time, bringing in about $237 million in one day; ARK's ARKB took in about $19.9 million, Bitwise's BITB about $15.2 million, and Invesco's BTCO another $4 million.
But one detail needs clarifying!! Farside hasn't updated BlackRock's IBIT figure for the day yet, so that $276 million doesn't include it～ For the past few days, IBIT was almost the only one seeing outflows (more than $400 million left in a single day on November 2), so we'll have to check again once its numbers come out to see whether net inflows grow or get wiped out, haha.
ETH also edged back into positive territory: CoinVictor shows spot ETH ETFs had net inflows of around $42.6 million on November 4, after several consecutive days of outflows.
I just checked CoinGecko: Bitcoin is around $80,500, up more than 5% in 24 hours; ETH is around $2,426, up nearly 8%～
Honestly, I was pretty surprised to see Fidelity step in and buy this dip!! There are more and more signs that institutional selling is winding down, but until IBIT posts a positive day, I won't call it a real reversal. If you're holding, hold tight—and don't chase too aggressively above $80K～
What do you think IBIT's numbers will show: inflows or outflows?
$BTC $ETH
#ETF #Crypto