U.S. Spot Bitcoin ETFs See $201 Million in Net Outflows for Third Straight Trading Day

PiCK

Summary

• The U.S. spot Bitcoin ETF market recorded total net outflows of $201 million.
• The outflows stretched to a third straight trading day, with IBIT alone posting $213.2 million in withdrawals.
• ARKB recorded net outflows of $9.9 million, while MSBT posted $22.1 million in inflows.

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More than $200 million flowed out of the U.S. spot Bitcoin exchange-traded fund market.

According to Farside Investors data released on November 10, the 12 U.S. spot Bitcoin ETFs posted combined net outflows of $201 million the previous day. It was the third consecutive trading day of net outflows.

BlackRock’s iShares Bitcoin Trust (IBIT) led the declines, with $213.2 million leaving the fund. ARK Invest and 21Shares’ ARKB also recorded net outflows of $9.9 million.

By contrast, MSBT attracted $22.1 million in inflows. The remaining products recorded no net inflows or outflows.

Suehyeon Lee