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Bitcoin ETF Outflows Persist as Equity Funds Draw Billions
BlackRock’s IBIT drove most of the selling as five straight sessions of withdrawals cut roughly $1.44 billion from U.S. spot Bitcoin funds.
- U.S. spot Bitcoin exchange-traded funds recorded $1.44 billion in net outflows over five consecutive trading sessions ending November 11, with Bitcoin struggling to reclaim the $75,000 level.
- Bitcoin struggles near $73,500 following November's inflation report, prompting CryptoQuant's Bitcoin Bull Score Index to signal 'extremely bearish' conditions as investors pull capital from digital asset products.
- Institutional filings reveal Jane Street increased Fidelity Wise Origin Bitcoin Fund holdings nearly eightfold while reducing BlackRock's iShares Bitcoin Trust exposure; JPMorgan Chase grew IBIT stake by 9.6%.
- U.S. spot Ethereum ETFs shed $365.2 million, bringing combined withdrawals across Bitcoin and Ethereum asset classes to approximately $1.65 billion and reflecting sustained selling pressure.
- Bitfinex analysts identified November 22 as a critical checkpoint for Bitcoin to recover its short-term holder cost basis of $75,717, while the market monitors whether slowing outflows establish a price floor.
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45 Articles
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
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Total News Sources45
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
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80% Center
C 80%
R 20%
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