This week’s #Bitcoin ETF and crypto market fund flow data: BTC’s major buyers are pulling back, while regulatory uncertainty under the Democrats is clearly dampening institutional investors’ confidence!

This week’s #Bitcoin ETF and crypto market fund flow data: BTC’s major buyers are pulling back, while regulatory uncertainty under the Democrats is clearly dampening institutional investors’ confidence!
First, the ETF data: net outflows this week totaled $1.2817 billion, roughly six times the $200 million in net outflows last week. IBIT, the main channel for fund flows, saw net outflows of $1.2095 billion this week, making it the largest source of outflows! #比特币反弹至7.5万美元芯片股领涨 
The signals from ETF data are not encouraging. In particular, IBIT, which was once the top choice among institutional buyers, has seen sustained net outflows this week, with daily outflows of around $100 million or more.
Pay particular attention to the data for Wednesday, November 4. Although ETFs overall saw a small net inflow, IBIT still recorded outflows of around 200 million. This means that institutional investors who were once firmly confident engaged in significant selling this week.
Looking at crypto data: a comparison with the data from November 1
A week later, besides the clear declines in the market caps of assets such as #BTC and #ETH, market share has also shifted slightly. Compared with the week as a whole, ETH and altcoins are actually performing a little better in the current data than they were at the end of last week.
Trading volume was slightly lower than last Sunday. After the market’s rapid rises and falls this week, trading has clearly weakened over the weekend.
The key point is the flow of funds. Compared with last week’s total stablecoin supply of 299.8 billion, it is now only 294.1 billion—a net outflow of 5.7 billion for the week. USDT saw a net outflow of 3.14 billion, while USDC saw a net outflow of 1.15 billion.
Considering the market volatility this week, the disappearance of large sums from the crypto market—beyond the net outflows—was probably also due to numerous on-chain lending liquidations amid the volatility. Even so, this data remains a bad sign for the crypto market!
Weekly summary:
The data for ETH and the crypto market are both poor. In particular, the crypto market saw severe net outflows of funds, some of which were due to liquidations. This kind of net outflow cannot provide effective support for prices. In hindsight, it’s clear that Wednesday’s rise and Thursday’s sharp drop were not supported by capital; instead, a considerable amount of money changed hands and flowed out.
What’s especially concerning is that IBIT recorded net outflows for the entire week. This suggests it wasn’t just short-term portfolio rotation; regulatory uncertainty stemming from the Democrats taking office may well have worried institutional investors!
Since BTC ETFs were approved, institutional investors have been the main buyers in this market cycle. If their confidence is shaken by political and regulatory pressures, that certainly won’t be good for BTC’s overall price stability. Next week, we’ll see whether IBIT continues to experience net outflows. With IBIT’s flows so unstable, $BTC  it will be difficult to find a reasonable technical support level in the short term!