Bitcoin Spot ETFs Outflows Total $1.03B in Two Sessions
Bitcoin spot ETFs have faced consecutive net outflows, recording $471 million in outflows across all 12 funds at the end of October and a further $558 million withdrawn on November 7. Fidelity’s FBTC led ETF outflows with $164 million at month-end and $257 million on November 7, while Ark Invest/21Shares’ ARKB saw $144 million pulled in both periods. Combined assets under management of Bitcoin spot ETFs stood at about $150 billion at October’s close and $138 billion on November 7, representing 6.7% of Bitcoin’s market cap. Cumulative net inflows since launch total nearly $60 billion. Meanwhile, Ethereum spot ETFs recorded $81.4 million in net redemptions at the end of October, led by Fidelity’s FETH. These sustained ETF outflows suggest a cautious short-term market outlook for BTC and ETH, even as long-term adoption trends remain intact.
Bearish
Sustained ETF outflows from major Bitcoin funds, including back-to-back redemptions at the end of October and on November 7, indicate growing investor caution and reduced demand for spot BTC exposure. Key players like Fidelity’s FBTC and Ark Invest/21Shares’ ARKB led withdrawals, putting short-term downward pressure on Bitcoin prices. The concurrent pullback in Ethereum spot ETFs further underscores broader hesitation in crypto markets. While cumulative inflows since ETF launches remain substantial, suggesting long-term adoption is intact, the near-term trend points to bearish sentiment among traders.