TLDR
Roughly $870 million left US spot Bitcoin ETFs on Thursday, the second largest one day outflow on record per SoSoValue data reported by major outlets (The Block).
- Last week, net outflows were about $1.11 billion across US spot Bitcoin ETFs (CryptoNews).
- Over the past three weeks, investors pulled roughly $2.64 billion from these funds (Yahoo Finance).
Deep Dive
1. Second Largest Daily Outflow
US spot Bitcoin ETF net redemptions totaled about $869.9 million on Thursday, the second biggest daily outflow since launch. Large redemptions were led by Grayscale Mini Trust and BlackRocks IBIT, with other issuers also negative (The Block). Similar tallies near $870 million were echoed by other outlets, citing SoSoValue data (Yahoo Finance).
Daily outflows this large typically reflect risk?off positioning by institutions and can amplify short?term price pressure.
2. Weekly Trend Turned Negative
From Nov 10 to 14, US spot Bitcoin ETFs saw about $1.11 billion in net outflows, marking a third straight week of redemptions as investors de?risked amid macro uncertainty (CryptoNews). Cointelegraph also noted weekly outflows around this level as Bitcoin slipped below key round?number support (Cointelegraph).
Sustained weekly outflows signal cooling institutional demand; a turn back to net inflows would be an early sign that risk appetite is returning.
3. Multi?Week Context
Media tallies suggest approximately $2.64 billion has exited US spot Bitcoin ETFs over the past three weeks as caution rose around rates, liquidity, and broader risk assets (Yahoo Finance). The pattern is consistent with a de?risking phase described by multiple analysts and trackers in recent coverage (CryptoSlate).
The cumulative bleed is material but still a fraction of total ETF AUM; watching whether outflows slow, stabilize, or flip to inflows can help gauge near?term market direction.
Conclusion
A large one?day outflow near $870 million, a roughly $1.11 billion weekly net withdrawal, and multi?week redemptions around $2.64 billion point to a risk?off phase for Bitcoin ETF holders. If flows stabilize or turn positive, it would suggest improving institutional demand and could relieve some price pressure; continued outflows would keep the near?term backdrop fragile.
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