US spot bitcoin ETFs have lost about $1.6 billion in net outflows since the start of November, according to SoSoValue, while stock ETFs have drawn billions of dollars from investors buying the market dip.
Bitcoin ETFs lost $95 million on Tuesday, the smallest daily outflow in four sessions.
Stock ETF Investors Buy the Dip
US-listed ETFs took in about $12 billion a day over the past five trading sessions, and all 17 of the top funds by inflows were stock funds, Bloomberg ETF analyst Eric Balchunas said on X. The biggest gainers included Vanguard’s S&P 500 ETF (VOO), Invesco’s Nasdaq-100 ETF (QQQ) and BlackRock’s iShares Core S&P 500 ETF (IVV).
Bitcoin ETF Outflows Ease for Three Sessions
Daily outflows from US spot bitcoin ETFs have shrunk for three straight sessions:
Day | Net outflow |
|---|---|
Thursday, Nov 5 | $430 million |
Friday, Nov 6 | $412 million |
Monday, Nov 9 | $201 million |
Tuesday, Nov 10 | $95 million |
BlackRock’s iShares Bitcoin Trust (IBIT) lost $78 million on Tuesday, its eighth straight session of outflows, bringing withdrawals over the streak to about $1.73 billion, according to Farside Investors. That’s more than the November total for all bitcoin ETFs, because IBIT’s streak began in late October and some other funds took in money. Morgan Stanley’s Bitcoin Trust ETF (MSBT), for example, attracted $20 million on Tuesday.
CryptoQuant: Bull Score Falls to 20
On-chain data still points to weak demand. CryptoQuant’s Bitcoin Bull Score Index fell to 20 on Monday from 90 on October 13, a reading it describes as “extremely bearish.”
Apparent bitcoin demand shrank by 284,000 BTC over 30 days, the fastest pace since March 2025, according to CryptoQuant. The firm said similar conditions have come before local market bottoms in the past, but warned that a deeper correction is still possible. It identified $73,200 as key support for bitcoin, close to the 200-day moving average.
Bitcoin traded at $73,998, down 1% over 24 hours and 5.2% over seven days, according to CoinGecko.