Institutional Watch | CoinDesk reported today at 13:45 Beijing time that Bitcoin ETFs have seen cumulative net outflows of more than $1.5 billion year to date. Note: This is the cumulative year-to-date figure, not a single-day outflow. ETF redemptions suggest this funding channel is under pressure, but they do not mean that “all institutions are selling.” Going forward, watch net flows over several consecutive trading days and differences between products, rather than treating a one-off price rebound as evidence of returning inflows. Source: CoinDesk, November 13.