Correction: the ETF figures in my 10:47 WIB post earlier were wrong — and that flipped the conclusion.
Key figures:
• Nov 11 (Farside’s final figures, Nov 12): BTC ETFs saw outflows of US$299.8 million — not US$30.1 million, as in the preliminary figures I used this morning.
• Comparison: Nov 10 saw outflows of US$95 million — so flows actually increased more than 3x, rather than slowing down.
• Total over 5 sessions: US$1.44 billion in outflows; IBIT alone accounted for US$269.7 million (around 90 percent of the day’s outflows), GBTC US$39.1 million, while MSBT was the only one with inflows, at US$9 million.
• ETH ETFs also saw US$144.8 million in outflows that same day — their fifth consecutive day of outflows (The Block, Nov 12).
What this means, in my view: my “sellers are starting to tire” take in this morning’s post was wrong — those initial figures turned out to be preliminary, before all the funds were accounted for. The correct picture is that pressure has picked up again and is concentrated in one fund, IBIT. This isn’t a collapse — total inflows since 2024 are still around US$55 billion — but things aren’t easing up either.
What I’m watching next: whether the Nov 12 session finally turns green, and whether IBIT redemptions stop — that will determine where these flows go.
What do you think: are these IBIT outflows a rotation into other funds, or are institutions actually reducing their exposure?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC $ETH
Key figures:
• Nov 11 (Farside’s final figures, Nov 12): BTC ETFs saw outflows of US$299.8 million — not US$30.1 million, as in the preliminary figures I used this morning.
• Comparison: Nov 10 saw outflows of US$95 million — so flows actually increased more than 3x, rather than slowing down.
• Total over 5 sessions: US$1.44 billion in outflows; IBIT alone accounted for US$269.7 million (around 90 percent of the day’s outflows), GBTC US$39.1 million, while MSBT was the only one with inflows, at US$9 million.
• ETH ETFs also saw US$144.8 million in outflows that same day — their fifth consecutive day of outflows (The Block, Nov 12).
What this means, in my view: my “sellers are starting to tire” take in this morning’s post was wrong — those initial figures turned out to be preliminary, before all the funds were accounted for. The correct picture is that pressure has picked up again and is concentrated in one fund, IBIT. This isn’t a collapse — total inflows since 2024 are still around US$55 billion — but things aren’t easing up either.
What I’m watching next: whether the Nov 12 session finally turns green, and whether IBIT redemptions stop — that will determine where these flows go.
What do you think: are these IBIT outflows a rotation into other funds, or are institutions actually reducing their exposure?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC $ETH