Friday’s final ETF figures turned out to be far from this morning’s partial data — and the correction matters.
Key figures:
• Friday, Nov. 6 (final, Farside/SoSoValue, Nov. 7): U.S. spot BTC ETFs: -$411.9 million. IBIT -$403 million, FBTC +$42.8 million as the only inflow; BITB -$20.5 million, ARKB -$20.1 million, GBTC -$11.1 million.
• Thursday, Nov. 5: -$430.2 million — so Friday was down only about 4% from Thursday, not nearly flat.
• Friday ETH: -$93.19 million, its second consecutive day of outflows (Thursday was around -$100 million).
• The last 7 finalized sessions: $1.91 billion in outflows; IBIT has now seen outflows for 6 consecutive sessions.
What that means to me: this morning I wrote that outflows were -$8.9 million based on partial data from 11 of 12 funds, with IBIT still pending — and I noted the figure could still shift. The final numbers reverse that reading: big sellers aren’t slowing down, and BlackRock recorded its largest daily outflow in this streak. Fidelity remains the only buyer, but one fund in the green doesn’t change a market board full of red. BTC itself is still around $75,990 this afternoon.
What I’m watching next: Monday, Nov. 9 flows — whether this streak continues — and U.S. CPI on Nov. 10.
With IBIT seeing outflows for 6 consecutive sessions, do you think this is ongoing distribution, or the last big seller before things stabilize?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC $ETH
Key figures:
• Friday, Nov. 6 (final, Farside/SoSoValue, Nov. 7): U.S. spot BTC ETFs: -$411.9 million. IBIT -$403 million, FBTC +$42.8 million as the only inflow; BITB -$20.5 million, ARKB -$20.1 million, GBTC -$11.1 million.
• Thursday, Nov. 5: -$430.2 million — so Friday was down only about 4% from Thursday, not nearly flat.
• Friday ETH: -$93.19 million, its second consecutive day of outflows (Thursday was around -$100 million).
• The last 7 finalized sessions: $1.91 billion in outflows; IBIT has now seen outflows for 6 consecutive sessions.
What that means to me: this morning I wrote that outflows were -$8.9 million based on partial data from 11 of 12 funds, with IBIT still pending — and I noted the figure could still shift. The final numbers reverse that reading: big sellers aren’t slowing down, and BlackRock recorded its largest daily outflow in this streak. Fidelity remains the only buyer, but one fund in the green doesn’t change a market board full of red. BTC itself is still around $75,990 this afternoon.
What I’m watching next: Monday, Nov. 9 flows — whether this streak continues — and U.S. CPI on Nov. 10.
With IBIT seeing outflows for 6 consecutive sessions, do you think this is ongoing distribution, or the last big seller before things stabilize?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC $ETH