Key Takeaways
- • U.S. spot Bitcoin ETF outflows slowed to $95M on November 10 from $201M on November 9, with IBIT's redemptions falling 63.3% to $78.2M from $213.2M, according to the primary source.
- • IBIT accounted for $1.50B of the group's $1.58B in November outflows, or roughly 95%, while retaining $64.84B in lifetime net inflows and $62.3B in assets under management.
- • IBIT closed the November 11 session trading at $42.14, holding the $41.10 monthly low as support and the $41.15 200-day moving average, with resistance at $44.83 and a $45.70 target cited in the article.
- • Spot Bitcoin ETFs have recorded roughly $1.2B in net outflows year to date in 2026, putting the category on track for its first annual net outflow year since launch if December flows remain weak.
Summary
U.S. spot Bitcoin ETFs recorded net outflows of $95 million on November 10, the fourth consecutive negative session for the group, according to the primary source. The figure was down from $201 million on November 9. IBIT, the iShares Bitcoin Trust, lost $78.2 million on November 10 after losing $213.2 million the prior day. The article characterizes the slowdown as a possible early turn in flows, though it notes that Wednesday's flow data, released after the close, would determine whether the streak extends to a fifth session.
IBIT traded at $42.14 on Nasdaq at 3:35 p.m. Eastern on November 11, up 1.10% from Tuesday's close of $41.68. The fund had set a monthly low of $41.10 on Tuesday after a 1.51% decline. Trading volume was 33.25 million shares by mid-afternoon against a 30-day average of 47.77 million, a relative volume of 0.74 that the article reads as a short-covering bounce rather than broad new buying. Over the longer term, the fund is down 7.04% over one week, 10.59% over one month, 15.13% year to date and 27.78% over twelve months, and sits 29.2% below its 52-week high of $59.56.
November has been the weakest month for spot Bitcoin ETF flows since the summer, with net withdrawals totaling $1.58 billion so far, and no session in the month has produced a net inflow for the group. The article attributes the concentration of selling in IBIT, which accounts for about 95% of November outflows, to the fund's role as the vehicle of choice for large institutions, wealth platforms and hedge funds running basis trades. IBIT's outflow streak, which began October 30, has now run eight sessions totaling $1.74 billion, or 2.8% of current assets. Its assets fell from $67.06 billion on November 2 to $62.3 billion, of which about $1.5 billion reflected redemptions and the remainder reflected the falling Bitcoin price.
Morgan Stanley's MSBT was the only fund in the group to record net inflows on both November 9 ($22 million) and November 10 ($20.0 million), according to the article. Fidelity's FBTC lost $36.8 million on November 10 after a mixed week. The article notes that across the U.S. spot Bitcoin ETF category, year-to-date net outflows reached $1.1 billion through November 9 and nearly $1.2 billion after November 10, compared with roughly $25 billion of inflows by early November in both 2024 and 2025. Cumulative net inflows for the category stand at $55.5 billion against $92.8 billion in net assets. IBIT traded at a 0.03% discount to its net asset value of $42.31, and the article ties its price to an implied Bitcoin level near $74,300, with Bitcoin having touched its lowest level since August near $73,700 earlier in the week.
IBIT traded at $42.14 on Nasdaq at 3:35 p.m. Eastern on November 11, up 1.10% from Tuesday's close of $41.68. The fund had set a monthly low of $41.10 on Tuesday after a 1.51% decline. Trading volume was 33.25 million shares by mid-afternoon against a 30-day average of 47.77 million, a relative volume of 0.74 that the article reads as a short-covering bounce rather than broad new buying. Over the longer term, the fund is down 7.04% over one week, 10.59% over one month, 15.13% year to date and 27.78% over twelve months, and sits 29.2% below its 52-week high of $59.56.
November has been the weakest month for spot Bitcoin ETF flows since the summer, with net withdrawals totaling $1.58 billion so far, and no session in the month has produced a net inflow for the group. The article attributes the concentration of selling in IBIT, which accounts for about 95% of November outflows, to the fund's role as the vehicle of choice for large institutions, wealth platforms and hedge funds running basis trades. IBIT's outflow streak, which began October 30, has now run eight sessions totaling $1.74 billion, or 2.8% of current assets. Its assets fell from $67.06 billion on November 2 to $62.3 billion, of which about $1.5 billion reflected redemptions and the remainder reflected the falling Bitcoin price.
Morgan Stanley's MSBT was the only fund in the group to record net inflows on both November 9 ($22 million) and November 10 ($20.0 million), according to the article. Fidelity's FBTC lost $36.8 million on November 10 after a mixed week. The article notes that across the U.S. spot Bitcoin ETF category, year-to-date net outflows reached $1.1 billion through November 9 and nearly $1.2 billion after November 10, compared with roughly $25 billion of inflows by early November in both 2024 and 2025. Cumulative net inflows for the category stand at $55.5 billion against $92.8 billion in net assets. IBIT traded at a 0.03% discount to its net asset value of $42.31, and the article ties its price to an implied Bitcoin level near $74,300, with Bitcoin having touched its lowest level since August near $73,700 earlier in the week.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.