Key Takeaways
- • U.S. spot Bitcoin ETFs recorded $95 million in net outflows on Tuesday, the third straight day of shrinking redemptions after $201 million on Monday and $412 million and $430 million on Nov. 6 and Nov. 5, according to Farside data cited by Cryptopolitan.
- • BlackRock's IBIT lost $78.2 million on Tuesday, extending its losing streak to eight sessions and about $1.73 billion since Oct. 30, while Fidelity's FBTC lost $36.8 million.
- • Morgan Stanley's Bitcoin Trust (MSBT) took in $20 million on Tuesday, the only fund with inflows on both Monday and Tuesday.
- • Total net assets across spot Bitcoin ETFs stood at $92.82 billion, roughly 6.26% of Bitcoin's market value, with cumulative net inflows of $55.40 billion.
- • Investors poured about $12 billion a day into U.S.-listed ETFs over five sessions, with all 17 top inflow funds being equity funds, per Bloomberg ETF analyst Eric Balchunas.
Summary
U.S. spot Bitcoin ETFs saw outflows of $95 million on Tuesday, according to Farside data cited by Cryptopolitan, marking the third consecutive day of falling redemptions. The figure was about 53% lower than Monday's $201 million exit. Withdrawals for November now total roughly $1.6 billion, following outflows of $430 million on Nov. 5 and $412 million on Nov. 6. Only Nov. 4 registered net inflows in the recent stretch, at $74.6 million, led by Fidelity's FBTC with $236.7 million.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for the largest share of Tuesday's exit, losing $78.2 million, though this was the smallest daily outflow in its eight-session losing streak, compared with $213.2 million on Monday. The streak has cost the fund about $1.73 billion since Oct. 30. Fidelity's FBTC lost $36.8 million on the day. Morgan Stanley's Bitcoin Trust (MSBT) drew $20 million in inflows Tuesday after losing $22.1 million Monday, and was the only fund with inflows on both days. Other spot funds recorded no flows on Tuesday.
Tuesday's trading volume across the funds reached $2.06 billion, with IBIT contributing $1.64 billion. Total net assets stood at $92.82 billion, equal to approximately 6.26% of Bitcoin's market value, while cumulative net inflows totaled $55.40 billion. IBIT held the largest share at $58.24 billion, followed by FBTC at $12.82 billion and Grayscale's GBTC at $9.11 billion.
The Bitcoin outflows contrast with broader ETF demand. According to Bloomberg ETF analyst Eric Balchunas, U.S.-listed ETFs took in about $12 billion a day over five sessions, and all 17 of the top inflow funds were stock funds, a pattern Balchunas said he could not recall seeing. Leading gainers included Vanguard's VOO, Invesco's QQQ and BlackRock's IVV. The shift follows an AI-led stock selloff that erased Bitcoin's post-midterm bounce. At the time of writing, Bitcoin traded at $73,994, down 0.3% over 24 hours.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for the largest share of Tuesday's exit, losing $78.2 million, though this was the smallest daily outflow in its eight-session losing streak, compared with $213.2 million on Monday. The streak has cost the fund about $1.73 billion since Oct. 30. Fidelity's FBTC lost $36.8 million on the day. Morgan Stanley's Bitcoin Trust (MSBT) drew $20 million in inflows Tuesday after losing $22.1 million Monday, and was the only fund with inflows on both days. Other spot funds recorded no flows on Tuesday.
Tuesday's trading volume across the funds reached $2.06 billion, with IBIT contributing $1.64 billion. Total net assets stood at $92.82 billion, equal to approximately 6.26% of Bitcoin's market value, while cumulative net inflows totaled $55.40 billion. IBIT held the largest share at $58.24 billion, followed by FBTC at $12.82 billion and Grayscale's GBTC at $9.11 billion.
The Bitcoin outflows contrast with broader ETF demand. According to Bloomberg ETF analyst Eric Balchunas, U.S.-listed ETFs took in about $12 billion a day over five sessions, and all 17 of the top inflow funds were stock funds, a pattern Balchunas said he could not recall seeing. Leading gainers included Vanguard's VOO, Invesco's QQQ and BlackRock's IVV. The shift follows an AI-led stock selloff that erased Bitcoin's post-midterm bounce. At the time of writing, Bitcoin traded at $73,994, down 0.3% over 24 hours.
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