From -$430 million to -$8.9 million in one day — Bitcoin ETF outflows have nearly stopped.
Key figures:
• Friday, Nov 6: U.S. spot BTC ETFs -$8.9 million (AlphaFinance, Nov 7; 11 of 12 funds, IBIT still pending). Fidelity (FBTC) actually saw inflows of +$42.8 million; ARKB -$20.1 million, BITB -$20.5 million (Farside).
• Thursday, Nov 5: -$430.2 million — FBTC -$199.9 million, IBIT -$105 million (CoinDesk/SoSoValue, Nov 6).
• Over the last 7 sessions: $1.50 billion in outflows.
My take: this isn't buyers rushing back in — it's big sellers slowing down. Fidelity went from being the biggest seller on Thursday to the biggest buyer on Friday. But one day isn't enough to say flows have reversed, especially since IBIT hasn't reported yet — the numbers could still shift. What's changed is the pressure, not the direction. BTC itself is still around $76,000 this morning.
What I'm watching next: flows on Monday, Nov 9 — whether this is the start of stabilization or just a pause before more outflows — and U.S. CPI on Nov 10.
What do you think: a pause in selling, or the start of buyers coming back in?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC
Key figures:
• Friday, Nov 6: U.S. spot BTC ETFs -$8.9 million (AlphaFinance, Nov 7; 11 of 12 funds, IBIT still pending). Fidelity (FBTC) actually saw inflows of +$42.8 million; ARKB -$20.1 million, BITB -$20.5 million (Farside).
• Thursday, Nov 5: -$430.2 million — FBTC -$199.9 million, IBIT -$105 million (CoinDesk/SoSoValue, Nov 6).
• Over the last 7 sessions: $1.50 billion in outflows.
My take: this isn't buyers rushing back in — it's big sellers slowing down. Fidelity went from being the biggest seller on Thursday to the biggest buyer on Friday. But one day isn't enough to say flows have reversed, especially since IBIT hasn't reported yet — the numbers could still shift. What's changed is the pressure, not the direction. BTC itself is still around $76,000 this morning.
What I'm watching next: flows on Monday, Nov 9 — whether this is the start of stabilization or just a pause before more outflows — and U.S. CPI on Nov 10.
What do you think: a pause in selling, or the start of buyers coming back in?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC