BlackRock’s Bitcoin ETF has seen net outflows for 11 consecutive trading days.
U.S. spot Bitcoin ETFs saw $2.35 billion in net outflows over two weeks—$1.28 billion last week and $1.07 billion this week. On Friday alone, $185 million flowed out, including $143 million from BlackRock’s IBIT. IBIT accounted for about 90% of all outflows in November. While the slogan goes “the institutions are here,” institutions are quietly slipping out the back door, and Bitcoin is still trading below $70,000.
But don’t rush to call the top: IBIT is still up $2.5 billion in net inflows year to date, so not all the money that came in at the start of the year has left. Still—the market’s biggest fund has gone 11 straight days without a single day of net inflows. That’s not noise; it’s the market telling you the winds have shifted. Watch Monday’s flow data.
Data source: Cointelegraph / Farside Investors
U.S. spot Bitcoin ETFs saw $2.35 billion in net outflows over two weeks—$1.28 billion last week and $1.07 billion this week. On Friday alone, $185 million flowed out, including $143 million from BlackRock’s IBIT. IBIT accounted for about 90% of all outflows in November. While the slogan goes “the institutions are here,” institutions are quietly slipping out the back door, and Bitcoin is still trading below $70,000.
But don’t rush to call the top: IBIT is still up $2.5 billion in net inflows year to date, so not all the money that came in at the start of the year has left. Still—the market’s biggest fund has gone 11 straight days without a single day of net inflows. That’s not noise; it’s the market telling you the winds have shifted. Watch Monday’s flow data.
Data source: Cointelegraph / Farside Investors