Brothers!! The institutional ledger has been turned to an even more painful page today — U.S. spot Bitcoin ETFs are already net outflow for the year!!!
CoinDesk today (November 13) calculated from SoSoValue data: these U.S.-listed spot Bitcoin ETFs have year-to-date net outflows of about $1.56 billion. In plain terms, redemptions have already swallowed up all the inflows for the year, and the books have turned red hahaha.
This happened really fast!!! The same report said that on October 29, the full-year net inflow was still about $1.01 billion; then just on October 30 alone, about $643 million flowed out, leaving only about $368 million. Then it got even worse: about $1.28 billion left the week before, and about $203 million left the week before that.
CoinDesk also pointed out: this year is already the 12th "week with net outflows exceeding $500 million". In 2025 there were 15 such weeks in total, while in 2024 there were only 4. If four more happen in the last six weeks of this year, 2026 is going to set a record~ By comparison, these funds still had net inflows of about $21.37 billion in 2025, and about $35.24 billion in 2024. In just one year, the trend has completely flipped!!!
Honestly, don't just look at "Bitcoin breaking below 70k" as merely market sentiment and call it a day!!! The real buying pipe is still bleeding out, so don't chase the rebound too hard～
I just checked CoinGecko: Bitcoin is around 68.1k, down about 7.4% in 24 hours; on Binance futures, the 24-hour low touched about 67.6k, a bit lower than the 68.5k seen at noon. ETH is around 1910, and Binance's low was about 1896. BNB is around 627, SOL around 78. The total market cap is about $2.31 trillion, down about 8.4% in a day. The Fear & Greed Index is still 20, extreme fear～
Tonight at 21:30 Shanghai time, there’s also October PPI, so don’t go in heavy with leverage before the data comes out!!!
Do you think this is institutions being shaken out clean before the bottom, or after turning red for the year, will it still need to grind for a while?
$BTC $ETH
#ETF #币圈
CoinDesk today (November 13) calculated from SoSoValue data: these U.S.-listed spot Bitcoin ETFs have year-to-date net outflows of about $1.56 billion. In plain terms, redemptions have already swallowed up all the inflows for the year, and the books have turned red hahaha.
This happened really fast!!! The same report said that on October 29, the full-year net inflow was still about $1.01 billion; then just on October 30 alone, about $643 million flowed out, leaving only about $368 million. Then it got even worse: about $1.28 billion left the week before, and about $203 million left the week before that.
CoinDesk also pointed out: this year is already the 12th "week with net outflows exceeding $500 million". In 2025 there were 15 such weeks in total, while in 2024 there were only 4. If four more happen in the last six weeks of this year, 2026 is going to set a record~ By comparison, these funds still had net inflows of about $21.37 billion in 2025, and about $35.24 billion in 2024. In just one year, the trend has completely flipped!!!
Honestly, don't just look at "Bitcoin breaking below 70k" as merely market sentiment and call it a day!!! The real buying pipe is still bleeding out, so don't chase the rebound too hard～
I just checked CoinGecko: Bitcoin is around 68.1k, down about 7.4% in 24 hours; on Binance futures, the 24-hour low touched about 67.6k, a bit lower than the 68.5k seen at noon. ETH is around 1910, and Binance's low was about 1896. BNB is around 627, SOL around 78. The total market cap is about $2.31 trillion, down about 8.4% in a day. The Fear & Greed Index is still 20, extreme fear～
Tonight at 21:30 Shanghai time, there’s also October PPI, so don’t go in heavy with leverage before the data comes out!!!
Do you think this is institutions being shaken out clean before the bottom, or after turning red for the year, will it still need to grind for a while?
$BTC $ETH
#ETF #币圈