Bitcoin spot ETF Net Flows Shift: IBIT Inflows, BITB Gains $1.15M
Bitcoin spot ETF products experienced mixed net flows over October and November. On October 10, ETFs saw a combined net outflow of $4.5 million. BlackRock’s IBIT posted a $74.2 million inflow, offset by a $37.45 million outflow from Bitwise’s BITB. Assets under management (AUM) stood at $158.97 billion (6.98% of Bitcoin market capitalization), with cumulative inflows of $62.77 billion.
By November 10, Bitcoin spot ETF net flows turned positive, registering a $1.15 million inflow driven entirely by BITB, raising its cumulative inflows to $2.321 billion. Overall AUM fell to $141.54 billion (6.67% of market cap), and total net inflows reached $59.97 billion, underscoring sustained institutional demand and evolving market sentiment. Traders should monitor ETF flows and ETF-to-market-cap ratios for insights into institutional appetite.
Bullish
The combined data shows that despite a brief outflow in early October, major Bitcoin spot ETF products quickly rebounded with targeted inflows—particularly BlackRock’s IBIT and Bitwise’s BITB. Cumulative net inflows remain substantial at nearly $60 billion, and AUM continues to represent over 6% of Bitcoin’s market cap. This sustained institutional demand and steady capital allocation into spot ETFs provide underlying support for Bitcoin prices, suggesting a bullish outlook in both the short and long term.