Bitcoin ETF outflows have halved — but they haven’t stopped.
Key figures:
• US spot BTC ETFs: $201 million in outflows on Nov. 9 (Farside via KuCoin, Nov. 10) — the third consecutive session of outflows.
• US spot ETH ETFs: $184.6 million in outflows on Nov. 9 — also the third consecutive session; BlackRock’s ETHA alone saw $119.3 million in outflows.
• For comparison: on Friday, Nov. 6, BTC ETFs saw $411.9 million in outflows (SoSoValue) — so Monday’s outflows were down about 51% from Friday.
My take: ETF selling pressure is starting to ease, not disappear. Here’s what’s interesting: IBIT saw $213.2 million in outflows — more than the total outflow — because MSBT actually saw $22.1 million in inflows; some funds are just shifting between issuers. The BlackRock wallet movements tracked today ($213.2 million in BTC and $118.3 million in ETH, CryptoBriefing) match these redemption figures — so these are investor redemptions, not discretionary selling by the fund manager. But three consecutive sessions of outflows in both BTC and ETH still mean institutional buyers haven’t returned. One slower day isn’t enough to call a reversal.
What I’m watching next: US CPI tonight at 20:30 WIB — that figure will determine whether outflows keep easing or pick up again. BTC itself is still around $74,610.
What do you think: are these slower outflows the start of a cooldown, or just a pause before CPI?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC
Key figures:
• US spot BTC ETFs: $201 million in outflows on Nov. 9 (Farside via KuCoin, Nov. 10) — the third consecutive session of outflows.
• US spot ETH ETFs: $184.6 million in outflows on Nov. 9 — also the third consecutive session; BlackRock’s ETHA alone saw $119.3 million in outflows.
• For comparison: on Friday, Nov. 6, BTC ETFs saw $411.9 million in outflows (SoSoValue) — so Monday’s outflows were down about 51% from Friday.
My take: ETF selling pressure is starting to ease, not disappear. Here’s what’s interesting: IBIT saw $213.2 million in outflows — more than the total outflow — because MSBT actually saw $22.1 million in inflows; some funds are just shifting between issuers. The BlackRock wallet movements tracked today ($213.2 million in BTC and $118.3 million in ETH, CryptoBriefing) match these redemption figures — so these are investor redemptions, not discretionary selling by the fund manager. But three consecutive sessions of outflows in both BTC and ETH still mean institutional buyers haven’t returned. One slower day isn’t enough to call a reversal.
What I’m watching next: US CPI tonight at 20:30 WIB — that figure will determine whether outflows keep easing or pick up again. BTC itself is still around $74,610.
What do you think: are these slower outflows the start of a cooldown, or just a pause before CPI?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC