TLDR
Yesterdays US trading day (Thursday 13 Nov, UTC), Bitcoin ETF outflows were led by Grayscale Bitcoin Mini Trust (~$318.2 million), BlackRock IBIT (~$256.6 million), and Fidelity FBTC (~$119.9 million) per flow trackers. Details
- Bitwise BITB also saw outflows of about $47.0 million. Breakdown
- Other issuers including GBTC, ARK 21Shares, VanEck, Invesco, Valkyrie, and Franklin also posted net outflows. Roundup
- Net outflows were about $869870 million in total, the second largest daily exit on record. Context
Deep Dive
1. Top Contributors
The heaviest selling came from a few large funds. Grayscale Bitcoin Mini Trust led with about $318.2 million leaving, followed by IBIT at about $256.6 million and FBTC at about $119.9 million. These figures are from flow aggregators cited by multiple outlets. See the per?fund list in The Blocks summary and matching numbers in Yahoo Finances recap of the days flows. The Block Yahoo Finance
When the largest and most liquid ETFs see the bulk of redemptions, it points to broad, programmatic de?risking rather than a single fund anomaly.
2. Other Funds In Red
Bitwise BITB saw about $47.03 million in outflows, and additional ETFs from Grayscale (GBTC), ARK 21Shares, VanEck, Invesco, Valkyrie, and Franklin Templeton also recorded net outflows on the day. The Blocks roundup notes these issuers were negative too, with Yahoo Finance providing the BITB figure. The Block Yahoo Finance
Selling pressure was widespread across the product set, not isolated to a single strategy or fee tier.
3. Magnitude And Why It Matters
Total net outflows were roughly $869870 million, the second largest daily exit since these ETFs launched, coinciding with Bitcoin slipping under key price levels and broader risk aversion. This scale is documented across several market reports that cite SoSoValue and similar trackers. Yahoo Finance The Block
Sustained multi?session outflows from the biggest funds can weigh on near?term market tone. A quick improvement would be signaled by flows flipping back to flat or positive in IBIT and FBTC.
Conclusion
Yesterdays BTC ETF outflows were concentrated in the largest funds, led by Grayscales Mini Trust, IBIT, and FBTC, with additional redemptions across peers. This was a broad de?risking day, with roughly $870 million leaving the products, which tends to pressure Bitcoin short term. Watch whether IBIT and FBTC flows stabilize or turn positive to gauge if the selling wave is fading.
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