Spot Bitcoin ETFs Lose $95M on Nov. 10 as Outflow Streak Hits Four Days

U.S. spot bitcoin ETFs recorded net outflows of $95 million on Tuesday, November 10, extending outflows to a fourth straight day, CoinDesk reported, citing SoSoValue data. BlackRock’s IBIT accounted for $78 million of that, its eighth consecutive session of redemptions.

Cointelegraph reported the earlier daily figures as $430 million on Thursday, November 5, $412 million on Friday and $201 million on Monday, without clearly naming a source for them. It put net outflows since the start of November at about $1.6 billion, citing SoSoValue. Using Farside Investors data, it said IBIT has shed about $1.73 billion over its eight-session run. Morgan Stanley’s MSBT took in $20 million on Tuesday, which did not offset the broader losses.

Cointelegraph, citing Bloomberg ETF analyst Eric Balchunas, said U.S.-listed ETFs drew roughly $12 billion per day over five sessions, with all 17 of the top funds by inflows being equity products. CoinDesk reported that Nasdaq-100 futures rose 1.7% after CoreWeave’s earnings beat estimates, while bitcoin did not follow and traded near $74,000.

CryptoQuant said its Bitcoin Bull Score Index fell to 20 on Monday from 90 on October 13, and flagged $73,200 as key support, according to Cointelegraph. Tuesday’s outflow was the smallest of the four days reported, and Cointelegraph described it as the third straight session of easing outflows.

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Sources:

• CoinDesk: Bitcoin sits out stock rebound as ETF outflows continue

• Cointelegraph: Bitcoin ETF Outflows Persist as Equity Funds Draw Billions