Bitcoin ETF Outflows Persist as Equity Funds Draw Billions
Barclays and Citigroup expanded their Bitcoin ETF holdings as U.S. spot funds logged $299.9 million in daily outflows, SoSoValue data showed.
- U.S. spot Bitcoin ETFs shed $1.44 billion over five consecutive trading sessions between November 5 and November 11, while Ethereum ETFs recorded separate outflows totaling $365.2 million.
- Weak spot demand drove the selling pressure after Bitcoin failed to sustain its reclaim of $80,000 on November 4, triggering the withdrawal streak that began with $430.2 million exiting on November 5.
- BlackRock's iShares Bitcoin Trust accounted for $1.21 billion of weekly outflows, while competing Ethereum products including Fidelity and Grayscale also recorded net withdrawals during the period.
- Bitcoin traded near $73,500 on Thursday, struggling to reclaim the $75,000 level as a hot inflation report released Tuesday lifted interest-rate expectations and triggered widespread liquidations.
- Institutional filings reveal banks including Barclays and Citigroup increased Bitcoin ETF holdings during the third quarter, with combined positions reaching $330 million, signaling long-term conviction amid near-term volatility.
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Bitcoin slips towards two-month low as ETF outflows deepen - London Business News
Bitcoin edged lower on Monday, trading close to a two-month low as outflows from spot ETFs continued. ETF funds recorded net outflows of USD 411 million on Friday, a second… The post Bitcoin slips towards two-month low as ETF outflows deepen appeared first on London Business News
Bitcoin ETFs Record $299.8M Outflows as BlackRock Leads Institutional Selling
U.S. spot Bitcoin exchange-traded funds recorded $299.8 million in net withdrawals on Nov. 11, extending the outflow streak to five trading sessions as Bitcoin traded between about $73,000 and $74,000. BlackRock’s IBIT accounted for $269.7 million of the daily total, while Grayscale’s GBTC lost $39.1 million. Morgan Stanley’s MSBT brought in about $9 million. ETF […] Read The Full Article Bitcoin ETFs Record $299.8M Outflows as BlackRock Leads I…
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