$BTC ETF funds continue to flow out—is institutional money pulling back?
Latest data for U.S. spot BTC ETFs:
📉 Nov. 5: Net outflow of $430.2M
📉 Past 7 trading days: Net outflow of $1.36B
📉 November to date: Net outflow of $869.8M
Breakdown:
FBTC: -$199.9M
IBIT: -$105M
GBTC: -$49.9M
My view:
Institutional fund flows have clearly weakened. The pressure from continued ETF outflows is something to watch as BTC attempts a short-term rebound.
What really matters is not the outflow on any single day, but when institutional funds start flowing back in consistently.
Before ETF inflows return, I won't be quick to call this rebound a trend reversal.
Latest data for U.S. spot BTC ETFs:
📉 Nov. 5: Net outflow of $430.2M
📉 Past 7 trading days: Net outflow of $1.36B
📉 November to date: Net outflow of $869.8M
Breakdown:
FBTC: -$199.9M
IBIT: -$105M
GBTC: -$49.9M
My view:
Institutional fund flows have clearly weakened. The pressure from continued ETF outflows is something to watch as BTC attempts a short-term rebound.
What really matters is not the outflow on any single day, but when institutional funds start flowing back in consistently.
Before ETF inflows return, I won't be quick to call this rebound a trend reversal.