Bitcoin ETFs Are Now Down over $1.5 Billion in Net Outflows for the Year
Institutional investors pulled money from spot Bitcoin funds as demand weakened and equity ETFs drew billions in fresh inflows, analysts said.
- U.S. spot Bitcoin and Ethereum ETFs witnessed significant outflows Wednesday as investors retreated from digital asset products following a week of heavy selling pressure.
- The withdrawal streak removed $1.44 billion from U.S. spot Bitcoin funds between November 5 and November 11, with Bitcoin trading near $73,500 and struggling to reclaim the $75,000 level.
- BlackRock's iShares Bitcoin Trust recorded $269.7 million in net outflows Wednesday, accounting for approximately 90% of the day's $300 million in total U.S. spot Bitcoin ETF withdrawals.
- Despite recent selling, institutional managers Barclays and Citigroup increased their spot Bitcoin ETF holdings in the third quarter, with banks now representing 4.9% of reported positions.
- Bitwise analyst Camran Khosravi expects bank exposure to become increasingly visible in upcoming institutional filings, as investment advisers remain the largest holders with $3.5 billion in reported positions.
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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
BlackRock's IBIT outflows top $2 billion in nine straight sessions
BlackRock’s iShares Bitcoin Trust lost $269.73 million on Wednesday, its ninth straight session of withdrawals. The run has now drawn more than $2 billion from the largest U.S. spot Bitcoin fund since Oct. 30. Spot Bitcoin ETFs shed $299.9 million on Wednesday US spot Bitcoin ETFs saw outflows for the fifth straight day on November 11, shedding $299.9 million. IBIT alone accounted for about 90% of the total. Grayscale’s GBTC lost another $39.13 …
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