Spot Bitcoin ETFs Shed $51.7M, Easing After $430M Outflow

US spot bitcoin ETFs ended Nov. 6 with $51.7 million in net outflows, according to SoSoValue data. That is far less than the day before, when the funds lost $430.2 million, as we reported separately.

Details

Three funds accounted for the whole outflow: Bitwise's BITB at $20.5 million, ARK 21Shares' ARKB at $20.1 million and Grayscale's GBTC at $11.1 million. SoSoValue shows no net flows for the two largest funds, BlackRock's IBIT and Fidelity's FBTC, and none for Grayscale's mini BTC fund. Total trading volume in the funds was about $2.33 billion.

By our data, combined net assets of the spot BTC ETFs stood near $96.5 billion at the end of the day, the funds held about 1.27 million BTC, and cumulative net inflows since launch were roughly $56.1 billion. Fund-by-fund figures and history are on the ETF flows page.

Over the four sessions from Nov. 2 to Nov. 5 the funds lost about $870 million: -$398.6 million, -$115.6 million, +$74.6 million and -$430.2 million. Including Nov. 6, net outflows for the week come to roughly $922 million. Figures can shift slightly once issuers revise them.

What It Means for Markets

Outflows slowed, but inflows did not return: the largest funds recorded no net buying on Friday. ETF flows remain one gauge of institutional sentiment, though a single day does not set a trend. For the latest bitcoin price, see the daily brief.

This is not investment advice.