💸 U.S. SPOT ETFs SEE $444.6 MILLION IN NET OUTFLOWS IN ONE SESSION
📉 Heavy net outflows from Bitcoin funds
U.S. spot Bitcoin ETFs saw net outflows of $299.8 million in the November 11 session, according to Farside data. IBIT saw net outflows of $269.7 million and GBTC $39.1 million, while only MSBT saw net inflows, of $9 million.
💰 Ethereum also sees net outflows
Spot Ethereum ETFs saw net outflows of $144.8 million in the same session. ETHA accounted for $129.8 million, while ETHB saw outflows of $5.3 million, ETHW $4.8 million, FETH $4.1 million, and EZET $0.8 million.
🌤️ Heavy ETF outflows point to cautious sentiment among institutional investors. However, if outflows slow in the next session, selling pressure on Bitcoin and Ethereum could ease as well.
$BTC $ETH
📉 Heavy net outflows from Bitcoin funds
U.S. spot Bitcoin ETFs saw net outflows of $299.8 million in the November 11 session, according to Farside data. IBIT saw net outflows of $269.7 million and GBTC $39.1 million, while only MSBT saw net inflows, of $9 million.
💰 Ethereum also sees net outflows
Spot Ethereum ETFs saw net outflows of $144.8 million in the same session. ETHA accounted for $129.8 million, while ETHB saw outflows of $5.3 million, ETHW $4.8 million, FETH $4.1 million, and EZET $0.8 million.
🌤️ Heavy ETF outflows point to cautious sentiment among institutional investors. However, if outflows slow in the next session, selling pressure on Bitcoin and Ethereum could ease as well.
$BTC $ETH
