In the morning, only data for some products was available. After Farside filled in the complete data for November 11, the outflows turned out to be much larger than they first appeared.
Bitcoin spot ETFs saw net outflows of about $299.8 million that day, including approximately -$269.7 million for IBIT, -$39.1 million for GBTC, and +$9 million for MSBT. Ethereum spot ETFs had net outflows of about $144.8 million, mainly from ETHA (approximately -$129.8 million). Compared with about -$95 million and -$1.3 million on 11/10, outflows clearly picked up again. Net outflows so far this week (11/9–11/11) were approximately $596 million and $331 million, respectively.
In spot markets, $BTC is currently around 73,554 (-0.34% over 24 hours), with a daily low near 73,390—slightly below this morning’s low. $ETH is around 2,042 (-1.14%), still near its daily low of about 2,036, and weaker than Bitcoin. The overnight highs remain around 74,811 and 2,104, respectively.
Next, watch the U.S. initial jobless claims data at 21:30 Beijing time tonight (Trading Economics consensus: around 195,000; previous: 189,000), followed by PPI at the same time tomorrow.
Do you think the larger outflows on 11/11 will weigh on ETH first, or will the market wait for tonight’s jobless claims to determine direction?
Data sources: Binance spot, Farside Investors, Trading Economics. Not investment advice.
#现货ETF #Initial Jobless Claims
Bitcoin spot ETFs saw net outflows of about $299.8 million that day, including approximately -$269.7 million for IBIT, -$39.1 million for GBTC, and +$9 million for MSBT. Ethereum spot ETFs had net outflows of about $144.8 million, mainly from ETHA (approximately -$129.8 million). Compared with about -$95 million and -$1.3 million on 11/10, outflows clearly picked up again. Net outflows so far this week (11/9–11/11) were approximately $596 million and $331 million, respectively.
In spot markets, $BTC is currently around 73,554 (-0.34% over 24 hours), with a daily low near 73,390—slightly below this morning’s low. $ETH is around 2,042 (-1.14%), still near its daily low of about 2,036, and weaker than Bitcoin. The overnight highs remain around 74,811 and 2,104, respectively.
Next, watch the U.S. initial jobless claims data at 21:30 Beijing time tonight (Trading Economics consensus: around 195,000; previous: 189,000), followed by PPI at the same time tomorrow.
Do you think the larger outflows on 11/11 will weigh on ETH first, or will the market wait for tonight’s jobless claims to determine direction?
Data sources: Binance spot, Farside Investors, Trading Economics. Not investment advice.
#现货ETF #Initial Jobless Claims