PiCK
US Spot-Bitcoin ETFs Post $300 Million in Net Outflows, Extending Streak to Five Days
Summary
- US spot-Bitcoin ETFs saw about $300 million in net outflows in a single day, extending the streak of withdrawals to five straight trading sessions.
- Cumulative net outflows reached $1.44 billion, marking the longest streak since July, the data showed.
- BlackRock's IBIT and Grayscale's GBTC posted sizable net outflows, while only Morgan Stanley's MSBT recorded $8.96 million in net inflows.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds recorded about $300 million in net outflows in a single day. The five-trading-day streak of withdrawals brought cumulative net outflows to $1.44 billion.
Trader T data for Nov. 11 showed combined net outflows of $299.87 million from US spot-Bitcoin ETFs. The current run is the longest streak of consecutive outflows since July.
BlackRock's IBIT led the declines with $269.7 million in net outflows, accounting for about 90% of the total. Grayscale's GBTC also posted net outflows of $39.13 million.
By contrast, Morgan Stanley's MSBT drew $8.96 million, making it the only fund to record net inflows. Fidelity's FBTC, Grayscale Bitcoin Mini Trust, Bitwise's BITB and ARK Invest's ARKB recorded no net inflows or outflows.
YM Lee
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