IBIT has bled for 7 consecutive days—the outflows from Bitcoin ETFs are no longer just “single-day fluctuations”
Bitcoin spot ETF data for November 10 showed another “$95 million in net outflows” in total—but over a longer timeline, this is an outflow trend that has persisted for several days and is highly concentrated.
SoSoValue shows that the market recorded net outflows for the fourth consecutive trading day. The main source of outflows remains BlackRock’s IBIT: it saw $78.2362 million in outflows in a single day and has faced redemptions for 7 consecutive trading days, with cumulative outflows of about $1.66 billion since October 30. Of the $1.28 billion in total market outflows last week (November 2–6), about 95% came from IBIT—meaning that pressure on ETF flows is highly concentrated in a single product.
The only signal in the opposite direction came from Morgan Stanley’s MSBT: it recorded $20.0251 million in net inflows in a single day, making it the only product to post net inflows that day. The amount was not enough to change the overall direction, but it shows that institutions are not uniformly bearish and that flows are diverging across products. MSBT’s cumulative historical net inflows have consequently risen to $825 million.
As of publication, total net assets of Bitcoin spot ETFs stood at $92.824 billion, the net asset ratio was 6.26%, and cumulative historical net inflows totaled $55.403 billion. The key thing to watch now is not “how much flowed out on a given day,” but when IBIT’s consecutive redemptions will turn around. Until then, marginal pressure from ETF flows on the BTC spot market is likely to continue.
Bitcoin spot ETF data for November 10 showed another “$95 million in net outflows” in total—but over a longer timeline, this is an outflow trend that has persisted for several days and is highly concentrated.
SoSoValue shows that the market recorded net outflows for the fourth consecutive trading day. The main source of outflows remains BlackRock’s IBIT: it saw $78.2362 million in outflows in a single day and has faced redemptions for 7 consecutive trading days, with cumulative outflows of about $1.66 billion since October 30. Of the $1.28 billion in total market outflows last week (November 2–6), about 95% came from IBIT—meaning that pressure on ETF flows is highly concentrated in a single product.
The only signal in the opposite direction came from Morgan Stanley’s MSBT: it recorded $20.0251 million in net inflows in a single day, making it the only product to post net inflows that day. The amount was not enough to change the overall direction, but it shows that institutions are not uniformly bearish and that flows are diverging across products. MSBT’s cumulative historical net inflows have consequently risen to $825 million.
As of publication, total net assets of Bitcoin spot ETFs stood at $92.824 billion, the net asset ratio was 6.26%, and cumulative historical net inflows totaled $55.403 billion. The key thing to watch now is not “how much flowed out on a given day,” but when IBIT’s consecutive redemptions will turn around. Until then, marginal pressure from ETF flows on the BTC spot market is likely to continue.