BlackRock’s IBIT saw $403 million in outflows in one day, accounting for nearly all of the outflows from Bitcoin spot ETFs.
According to PANews, on November 6 (Eastern Time), the total net outflow from Bitcoin spot ETFs for the day was $412 million, with IBIT leading at a net outflow of $403 million; IBIT’s cumulative historical net inflow still stands at $65.101 billion. Fidelity’s FBTC bucked the trend with a net inflow of $42.8235 million, bringing its cumulative historical net inflow to $10.266 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $95.897 billion, the net asset ratio was 6.28%, and cumulative historical net inflows reached $55.699 billion.
The existing holdings are still there; the marginal increment turning negative is a different matter. If net inflows turn positive again in the next few trading days, sentiment may recover; if net outflows continue, the support pressure during high-level consolidation will become more obvious. Are you more focused on whether ETF fund flows can turn positive, or on changes in futures funding rates and open interest?
Image 1: Bitcoin spot ETFs saw a net outflow of $412 million yesterday, with BlackRock’s IBIT taking in $403 million alone · Source page screenshot
Image source: https://www.panewslab.com/zh/articles/01a1b466-9e30-7712-be2c-9163c5cb2fa9
According to PANews, on November 6 (Eastern Time), the total net outflow from Bitcoin spot ETFs for the day was $412 million, with IBIT leading at a net outflow of $403 million; IBIT’s cumulative historical net inflow still stands at $65.101 billion. Fidelity’s FBTC bucked the trend with a net inflow of $42.8235 million, bringing its cumulative historical net inflow to $10.266 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $95.897 billion, the net asset ratio was 6.28%, and cumulative historical net inflows reached $55.699 billion.
The existing holdings are still there; the marginal increment turning negative is a different matter. If net inflows turn positive again in the next few trading days, sentiment may recover; if net outflows continue, the support pressure during high-level consolidation will become more obvious. Are you more focused on whether ETF fund flows can turn positive, or on changes in futures funding rates and open interest?
Image 1: Bitcoin spot ETFs saw a net outflow of $412 million yesterday, with BlackRock’s IBIT taking in $403 million alone · Source page screenshot
Image source: https://www.panewslab.com/zh/articles/01a1b466-9e30-7712-be2c-9163c5cb2fa9
