📉 Bitcoin ETFs just lost $1.04B in two trading sessions — but Monday's outflow was almost entirely ONE fund
Friday, October 30: −$643.2M
Monday, November 2: −$398.6M
Look at Monday's breakdown 👇
🔴 BlackRock IBIT: −$405.3M
🟢 Fidelity FBTC: +$6.7M
$BTC
The other 10 tracked funds reported zero net flows
Friday's redemptions were spread across several funds
Monday's were concentrated in IBIT
That's an important distinction
Consecutive ETF outflows signal weakening demand through this channel, not a synchronized exit by every institution
⚠️ ETF redemptions don't translate one-for-one into immediate BTC selling on exchanges
Meanwhile, Binance BTC Futures are down nearly 1.9% over 24 hours, while BTC-denominated Open Interest is up 4.7%
More outstanding exposure — but no proof of which side is driving it
📌 Watch whether IBIT redemptions persist and whether Spot demand absorbs the selling pressure
Two sessions are a warning, not a confirmed long-term trend
#BTC #BitcoinETF
Friday, October 30: −$643.2M
Monday, November 2: −$398.6M
Look at Monday's breakdown 👇
🔴 BlackRock IBIT: −$405.3M
🟢 Fidelity FBTC: +$6.7M
$BTC
The other 10 tracked funds reported zero net flows
Friday's redemptions were spread across several funds
Monday's were concentrated in IBIT
That's an important distinction
Consecutive ETF outflows signal weakening demand through this channel, not a synchronized exit by every institution
⚠️ ETF redemptions don't translate one-for-one into immediate BTC selling on exchanges
Meanwhile, Binance BTC Futures are down nearly 1.9% over 24 hours, while BTC-denominated Open Interest is up 4.7%
More outstanding exposure — but no proof of which side is driving it
📌 Watch whether IBIT redemptions persist and whether Spot demand absorbs the selling pressure
Two sessions are a warning, not a confirmed long-term trend
#BTC #BitcoinETF
