Bitcoin ETFs Lose $299.8M as Five-Session Outflow Streak Reaches $1.44B
Summary
US spot Bitcoin ETFs saw $299.8 million in net outflows on November 11, extending the streak to five consecutive sessions and bringing withdrawals over those sessions to about $1.44 billion. BlackRock’s IBIT accounted for $269.7 million of the latest outflow and Grayscale’s GBTC for $39.1 million, while Morgan Stanley’s MSBT recorded a $9 million inflow. The figures indicate sustained net withdrawals from tracked funds, but do not establish the cause or predict Bitcoin’s price. ETF flows also differ from exchange trading volume, and changes in assets under management can reflect Bitcoin’s price as well as investor redemptions.
