TLDR
BTC ETF turnover means the total trading volume across the ETFs. To give a number, please confirm the date and venue (US spot ETFs or Hong Kong).
- Recent context: US spot Bitcoin ETFs saw approximately $1.22 billion in net outflows for 1721 Nov, a high?activity week per a market update.
- One highlight: BlackRocks IBIT recorded a single?day outflow of about $523 million on 19 Nov, signaling exceptional activity per a fund flow report.
- Flows and turnover often spike together during volatility; one session even flipped to a small net inflow of $75.47 million on 19 Nov per a coverage note.
Deep Dive
1. Define Turnover
Turnover is the aggregate trading volume of all the BTC ETFs you care about (for example, US spot funds like IBIT, FBTC, GBTC). Because it is reported by session and by venue, the exact figure hinges on the date and region you specify.
Tell me the exact date and whether you want US or Hong Kong (or global). I will return the consolidated turnover for that session.
2. Recent US ETF Activity
Activity has been elevated amid market volatility, with sustained outflows indicating heavy trading and reallocations.
- Over the week of 1721 Nov, US spot Bitcoin ETFs had roughly $1.22 billion of net outflows, part of a four?week sequence totaling about $4.349 billion per a market summary.
- The broader pattern aligns with a month of selling pressure and thin liquidity, which typically coincides with higher turnover days as positions rotate or de?risk [per the analysis above].
3. Highlights That Signal Liquidity
Specific days show how extreme the flow and trading environment has been, which typically maps to higher turnover.
- BlackRocks iShares Bitcoin Trust (IBIT) saw about $523 million of outflows on 19 Nov, its largest single?day redemption since launch per a flow report.
- The following session saw a small net inflow of $75.47 million across US spot BTC ETFs, a brief pause in the outflow streak per a coverage note.
Turnover tends to peak when flows are extreme and price is volatile. High turnover can tighten spreads in the top funds but also reflects two?way churn rather than steady demand.
Conclusion
The precise BTC ETF turnover depends on the session and venue you care about. Recent weeks have been high?activity, with sizable outflows and isolated inflow days signaling heavy trading. Tell me the date and whether you want US spot ETFs or Hong Kong, and I will pull the exact aggregate turnover for that session.
