#美国加密etf五日净流出14.8亿美元 U.S. crypto ETFs see $1.48 billion in outflows over five days—why is BTC struggling to stabilize?
The U.S. crypto market is once again facing pressure from institutional outflows!
The latest data shows that over the five trading days from November 4 to 10, major U.S. spot crypto ETFs saw combined net outflows of about $1.48 billion. BTC ETFs saw $1.06 billion in outflows, ETH ETFs saw $326 million, and other crypto ETFs, including SOL and XRP funds, also experienced withdrawals.
More noteworthy is that U.S. stock ETFs are attracting substantial inflows.
Over the same period, 10 major U.S. stock ETFs recorded combined net inflows of $37.5 billion. The S&P 500 ETF VOO attracted $16.9 billion, while the Nasdaq 100 ETF QQQ attracted $5.3 billion.
This suggests investors are not abandoning financial markets altogether, but reallocating funds among different risk assets.
Why is the crypto market still under pressure?
First, expectations for Federal Reserve policy remain hawkish, and inflationary pressures have not fully eased, reducing investors’ appetite for volatile assets.
Second, sustained net outflows from ETFs mean the crypto market is losing some of its important spot-demand support. When market sentiment is weak, redemptions may further amplify price volatility.
Meanwhile, BTC recently fell below $70,000, and ETH has also undergone a notable correction, further undermining market confidence.
So, what will it take for the next rebound?
The key is whether institutional funds can flow back in. The market may receive stronger financial support if net outflows from BTC and ETH spot ETFs end and are replaced by steady net inflows.
But if ETFs continue to see outflows, even a short-lived BTC rebound may lack the momentum for a sustained rally.
What the market most needs to watch right now is not just how far prices fall, but when institutional investors will start buying again.
The U.S. crypto market is once again facing pressure from institutional outflows!
The latest data shows that over the five trading days from November 4 to 10, major U.S. spot crypto ETFs saw combined net outflows of about $1.48 billion. BTC ETFs saw $1.06 billion in outflows, ETH ETFs saw $326 million, and other crypto ETFs, including SOL and XRP funds, also experienced withdrawals.
More noteworthy is that U.S. stock ETFs are attracting substantial inflows.
Over the same period, 10 major U.S. stock ETFs recorded combined net inflows of $37.5 billion. The S&P 500 ETF VOO attracted $16.9 billion, while the Nasdaq 100 ETF QQQ attracted $5.3 billion.
This suggests investors are not abandoning financial markets altogether, but reallocating funds among different risk assets.
Why is the crypto market still under pressure?
First, expectations for Federal Reserve policy remain hawkish, and inflationary pressures have not fully eased, reducing investors’ appetite for volatile assets.
Second, sustained net outflows from ETFs mean the crypto market is losing some of its important spot-demand support. When market sentiment is weak, redemptions may further amplify price volatility.
Meanwhile, BTC recently fell below $70,000, and ETH has also undergone a notable correction, further undermining market confidence.
So, what will it take for the next rebound?
The key is whether institutional funds can flow back in. The market may receive stronger financial support if net outflows from BTC and ETH spot ETFs end and are replaced by steady net inflows.
But if ETFs continue to see outflows, even a short-lived BTC rebound may lack the momentum for a sustained rally.
What the market most needs to watch right now is not just how far prices fall, but when institutional investors will start buying again.
