Fidelity just bought the dip for $43 million, then BlackRock turned around and pulled $403 million in a single day—
At the same ETF table, one side is buying while the other runs. This isn’t institutional consensus; it’s institutions fighting among themselves.
On Friday (November 6), spot Bitcoin ETFs saw net outflows of $412 million. BlackRock’s IBIT alone accounted for $403 million, while Fidelity’s FBTC was the only fund to see inflows (+$42.8 million).
Add Thursday’s $430 million, and that’s $840 million out the door in two days. This year’s cumulative flows have flipped from net inflows to net outflows of about $500 million.
Ethereum ETFs also saw $93.19 million leave that same day.
But $BTC is still holding steady at $76,000. It dipped as low as $74,900 intraday before bouncing back.
Money is fleeing, but the price hasn’t collapsed—either retail investors are buying the dip, or BlackRock is dumping its bags for Fidelity to catch.
A: Institutions are fighting? I’m getting in. $76,000 is the bottom.
B: They’ve pulled $400 million and you’re still buying? See you at $73,000.
$BTC $ETH $SOL
#ETF #比特币 #BlackRock
At the same ETF table, one side is buying while the other runs. This isn’t institutional consensus; it’s institutions fighting among themselves.
On Friday (November 6), spot Bitcoin ETFs saw net outflows of $412 million. BlackRock’s IBIT alone accounted for $403 million, while Fidelity’s FBTC was the only fund to see inflows (+$42.8 million).
Add Thursday’s $430 million, and that’s $840 million out the door in two days. This year’s cumulative flows have flipped from net inflows to net outflows of about $500 million.
Ethereum ETFs also saw $93.19 million leave that same day.
But $BTC is still holding steady at $76,000. It dipped as low as $74,900 intraday before bouncing back.
Money is fleeing, but the price hasn’t collapsed—either retail investors are buying the dip, or BlackRock is dumping its bags for Fidelity to catch.
A: Institutions are fighting? I’m getting in. $76,000 is the bottom.
B: They’ve pulled $400 million and you’re still buying? See you at $73,000.
$BTC $ETH $SOL
#ETF #比特币 #BlackRock