TLDR
The latest confirmed outflow day was led by BlackRocks iShares Bitcoin Trust (IBIT), Grayscales GBTC, and Fidelitys Wise Origin Bitcoin Trust (FBTC).
- IBIT had about $355.5 million in outflows on 20 Nov per a daily tally. Details
- GBTC and FBTC followed with roughly $199.35 million and $190.4 million out, respectively, that day. Breakdown
- IBIT also saw a record $523 million single?day outflow on 19 Nov, a sign of concentrated selling pressure. Report
Deep Dive
1. Who Led Redemptions
On the most recent session with confirmed net outflows, IBIT, GBTC, and FBTC were the primary drivers.
- Daily net outflows totaled about $903 million on 20 Nov, with IBIT at $355.5 million. Daily summary
- GBTC and FBTC posted about $199.35 million and $190.4 million in redemptions that same day. Issuer breakdown
If redemptions persist, IBIT, GBTC, and FBTC are the funds most likely to shape daily net flow direction.
2. Size And Recency Context
Recent prints show outsized activity centered on IBIT.
- IBITs single?day outflow record hit $523 million on 19 Nov, its largest since launch. Coverage
- The outflow spike on 20 Nov ranked as the second?largest daily net outflow day for spot Bitcoin ETFs since inception. Context
- Weekly summaries around 1721 Nov showed $1.22 billion in net outflows across spot Bitcoin ETFs. Weekly view
Concentration in IBIT flows magnifies headline totals; when IBIT turns, the categorys daily net often flips with it.
3. Why It Matters Now
Large?cap issuers dominate AUM and flow velocity, so their moves drive the tape.
- When the biggest three pull back simultaneously, net category flows can flip negative even if smaller funds see inflows. Daily breakdown
- Record single?day outflows at IBIT signal de?risking pressure rather than isolated noise. Record outflow
- Weekly net outflows reinforce that the shift persisted across multiple sessions. Weekly outflows
If you track todays direction, watch these three issuers first. A stabilization there is often the earliest sign that net flows are turning.
Conclusion
Per the most recent confirmed daily data, IBIT, GBTC, and FBTC drove the redemptions, with IBIT contributing the largest share. If a fresh per?issuer breakdown for today posts later, it will likely highlight the same trio unless a single large fund diverges significantly. Monitoring their prints is the fastest way to gauge whether redemptions are continuing or easing.
CoinsKid.Com