Bitcoin & Ethereum Spot ETFs Record Third-Largest Outflows
Data from SoSoValue shows that Bitcoin spot ETF outflows reached $1.22 billion during Nov. 3–7, marking the third-largest weekly outflow on record. Major withdrawals came from BlackRock’s IBIT ($581 million) and Fidelity’s FBTC ($438 million), while Grayscale Bitcoin Mini Trust and Bitwise’s BITB saw inflows of $21.6 million and $4.7 million, respectively. Bitcoin spot ETF outflows represent a cautionary signal, even as total assets under management stood at $138.08 billion, or 6.67% of Bitcoin’s market cap.
Ethereum spot ETF outflows also hit $508 million, the third-highest weekly net outflow. BlackRock’s ETHA led exits with $297 million, followed by Fidelity’s FETH at $109 million, as Invesco’s QETH recorded a modest $2.6 million inflow. Total Ethereum spot ETF AUM was $22.66 billion. These outflows signal short-term bearish sentiment among crypto traders and may dent crypto market liquidity, potentially increasing price volatility.
Bearish
The substantial net outflows from both Bitcoin and Ethereum spot ETFs indicate a broad retreat of institutional capital, signaling short-term bearish sentiment that could exert downward pressure on BTC and ETH prices. Withdrawals from flagship products like IBIT and ETHA reduce buying demand and crypto market liquidity, potentially amplifying price volatility as traders adjust positions. While longer-term impacts depend on shifts in broader market sentiment and macro factors, the immediate effect is a negative price bias for both cryptocurrencies.