Five straight days of outflows, but the amount leaving each day is getting smaller—from $430 million down to $30.1 million. That sequence of numbers is a signal in itself.
U.S. spot $BTC ETF saw net outflows of $30.1 million on November 11, its fifth consecutive trading day of outflows. Grayscale’s GBTC had the largest outflow of the day, at $39.1 million. Morgan Stanley’s MSBT bucked the trend with $9 million in inflows, making it the only fund to see net inflows that day. BlackRock’s IBIT has yet to report, so the final figures may change. The $ETH ETF also saw net outflows of $9.7 million that day, while BTC is currently trading at around $74,000.
Over the five days, BTC ETFs recorded combined outflows of about $1.17 billion. Last week’s outflows totaled $1.28 billion—the largest weekly outflow since late June.
The daily outflows are getting smaller, suggesting selling pressure is easing, but this is not yet a sign of a reversal: nearly $1.2 billion has flowed out over five days, institutional investors have not returned overall, and IBIT’s figures are still pending. A genuine turning point will depend on what happens over the next two or three days—whether there are consecutive days of net inflows, with more than one fund buying. Ahead of Friday’s PPI release, watch whether the previous low of $72,700 holds. If it doesn’t, easing outflows may simply mean the decline slows down.
Data as of: 2026-11-12 03:40 UTC
For informational purposes only; this is not investment advice.
U.S. spot $BTC ETF saw net outflows of $30.1 million on November 11, its fifth consecutive trading day of outflows. Grayscale’s GBTC had the largest outflow of the day, at $39.1 million. Morgan Stanley’s MSBT bucked the trend with $9 million in inflows, making it the only fund to see net inflows that day. BlackRock’s IBIT has yet to report, so the final figures may change. The $ETH ETF also saw net outflows of $9.7 million that day, while BTC is currently trading at around $74,000.
Over the five days, BTC ETFs recorded combined outflows of about $1.17 billion. Last week’s outflows totaled $1.28 billion—the largest weekly outflow since late June.
The daily outflows are getting smaller, suggesting selling pressure is easing, but this is not yet a sign of a reversal: nearly $1.2 billion has flowed out over five days, institutional investors have not returned overall, and IBIT’s figures are still pending. A genuine turning point will depend on what happens over the next two or three days—whether there are consecutive days of net inflows, with more than one fund buying. Ahead of Friday’s PPI release, watch whether the previous low of $72,700 holds. If it doesn’t, easing outflows may simply mean the decline slows down.
Data as of: 2026-11-12 03:40 UTC
For informational purposes only; this is not investment advice.
