🚨 Spot Bitcoin ETFs just printed -$1.07B in net outflows for the week ending Nov 13.

Last week was -$1.28B, so that's $2.35B out in two weeks. Three red weeks in a row now.

The numbers:
• Total net assets: $86.20B (was $95.90B a week ago, $108.89B on Oct 2)
• Cumulative net inflow: $54.63B
• Weekly volume: $11.53B

Could be institutions de-risking, could be plain rotation or profit-taking. One table won't tell you which. But three straight weeks is a pattern I'm not ignoring.

Not financial advice, just watching the flows.
$BTC