The complete figures for U.S. spot BTC ETFs on November 10 (Tuesday) are out (based on publicly verifiable data, not official figures): total net outflows were about $95 million. Breakdown: IBIT about −$78.2 million, FBTC about −$36.8 million, while only MSBT saw inflows, at about +$20 million. Compared with Monday’s full figure of −$201 million, outflows are narrowing, but the direction hasn’t turned yet.
On the same day, total net outflows for spot ETH ETFs were only about $1.3 million. ETHA was at 0, ETHB about +$1.1 million, ETH Mini about −$2 million, and TETH about −$400,000. Compared with Monday’s full figure of −$184.6 million, flows have almost come to a halt, but haven’t turned into net inflows yet.
That makes four consecutive trading days of net outflows (the 5th, 6th, 9th, and 10th). November’s cumulative figures through Tuesday are about −$1.578 billion for BTC and −$551 million for ETH. Most of Wednesday’s (November 11) breakdown is still unavailable, so don’t treat the roughly −$30.1 million and −$5.6 million currently shown on the page as complete figures.
For comparison, current market prices: Bitcoin is around $74,200 (24h about +0.8%, high around $74,800 / low around $73,200), and ETH is around $2,065 (24h about +0.7%). Prices bounced this morning, but Tuesday’s complete flow figures still show net outflows—this time, flows and prices are somewhat at odds: money is still flowing out, while prices have bounced first. Narrowing outflows ≠ money has already turned around.
The morning divination produced Wind over Lake (Zhong Fu), with the second yang line moving and changing to Wind over Thunder (Yi). Zhong Fu, in plain language, means “things seem to line up”; Yi suggests things look like they’re increasing. Outflows narrowed from $201 million to $95 million, so the numbers do line up with “narrowing,” and prices bounced this morning too—but don’t mistake narrowing for a confirmed change in direction. I think it’s more likely we should first watch two things: whether this rebound around $74,800 can hold, and whether the price will test $73,200 again; and whether Wednesday’s complete figures (especially IBIT) continue to narrow, even turning positive, or widen again. For now, treat this morning’s move as a rebound, and don’t go in heavily chasing this small bounce.
What are you watching more closely: will the complete figures show outflows continuing to narrow, or will net outflows grow larger again? Share your thoughts in the comments.
Follow me for updates.
$BTC $ETH
Personal opinion, not investment advice
On the same day, total net outflows for spot ETH ETFs were only about $1.3 million. ETHA was at 0, ETHB about +$1.1 million, ETH Mini about −$2 million, and TETH about −$400,000. Compared with Monday’s full figure of −$184.6 million, flows have almost come to a halt, but haven’t turned into net inflows yet.
That makes four consecutive trading days of net outflows (the 5th, 6th, 9th, and 10th). November’s cumulative figures through Tuesday are about −$1.578 billion for BTC and −$551 million for ETH. Most of Wednesday’s (November 11) breakdown is still unavailable, so don’t treat the roughly −$30.1 million and −$5.6 million currently shown on the page as complete figures.
For comparison, current market prices: Bitcoin is around $74,200 (24h about +0.8%, high around $74,800 / low around $73,200), and ETH is around $2,065 (24h about +0.7%). Prices bounced this morning, but Tuesday’s complete flow figures still show net outflows—this time, flows and prices are somewhat at odds: money is still flowing out, while prices have bounced first. Narrowing outflows ≠ money has already turned around.
The morning divination produced Wind over Lake (Zhong Fu), with the second yang line moving and changing to Wind over Thunder (Yi). Zhong Fu, in plain language, means “things seem to line up”; Yi suggests things look like they’re increasing. Outflows narrowed from $201 million to $95 million, so the numbers do line up with “narrowing,” and prices bounced this morning too—but don’t mistake narrowing for a confirmed change in direction. I think it’s more likely we should first watch two things: whether this rebound around $74,800 can hold, and whether the price will test $73,200 again; and whether Wednesday’s complete figures (especially IBIT) continue to narrow, even turning positive, or widen again. For now, treat this morning’s move as a rebound, and don’t go in heavily chasing this small bounce.
What are you watching more closely: will the complete figures show outflows continuing to narrow, or will net outflows grow larger again? Share your thoughts in the comments.
Follow me for updates.
$BTC $ETH
Personal opinion, not investment advice
