Over the rolling 24 hours, $BTC -0.38%. This is only a change in the spot price; price alone cannot tell us where the money came from. What I’d rather check now is the ETF’s net weekly flows: they record changes in funds in one investment channel, not where money is going across the entire market, and they are not a measure of the number of bitcoins.
According to a report by BlockBeats (Beijing time, November 7, 2026), citing data tracked by Farside Investors, U.S. spot Bitcoin ETFs recorded net outflows of $1.2817 billion this week. BlackRock’s IBIT saw net outflows of $1.209 billion, while Fidelity’s FBTC recorded net inflows of $93.1 million. These are weekly net flows denominated in U.S. dollars, and the products did not all move in the same direction, so it would be inaccurate to say that all institutions are selling.
The net outflow only shows that more money flowed out of the ETF channel than flowed in this week. The report does not say where the money went afterward, nor does it track buying and selling through other channels, so we cannot conclude that money is leaving the market as a whole. Weekly ETF flows and rolling 24-hour price changes cover different time windows, and their occurring at the same time does not mean the former caused the latter.
I’ll keep watching to see whether net outflows continue next week and whether the different products remain divided in direction. If outflows narrow or turn into inflows, the explanation of short-term redemptions will carry more weight; if more products continue to see net outflows, it would be more prudent to discuss changes in allocation. For now, what we can confirm is a week of net outflows from the ETF channel. Where the money went overall remains unanswered.
According to a report by BlockBeats (Beijing time, November 7, 2026), citing data tracked by Farside Investors, U.S. spot Bitcoin ETFs recorded net outflows of $1.2817 billion this week. BlackRock’s IBIT saw net outflows of $1.209 billion, while Fidelity’s FBTC recorded net inflows of $93.1 million. These are weekly net flows denominated in U.S. dollars, and the products did not all move in the same direction, so it would be inaccurate to say that all institutions are selling.
The net outflow only shows that more money flowed out of the ETF channel than flowed in this week. The report does not say where the money went afterward, nor does it track buying and selling through other channels, so we cannot conclude that money is leaving the market as a whole. Weekly ETF flows and rolling 24-hour price changes cover different time windows, and their occurring at the same time does not mean the former caused the latter.
I’ll keep watching to see whether net outflows continue next week and whether the different products remain divided in direction. If outflows narrow or turn into inflows, the explanation of short-term redemptions will carry more weight; if more products continue to see net outflows, it would be more prudent to discuss changes in allocation. For now, what we can confirm is a week of net outflows from the ETF channel. Where the money went overall remains unanswered.
