Spot Bitcoin ETFs Draw $20M After Three Days of Outflows

US spot bitcoin ETFs took in a net $20.0M at the close of trading on Nov. 10, according to SoSoValue data. It is the first inflow after three straight trading days of outflows: the funds shed about $1.04B combined on Nov. 5, 6 and 9.

Details

A single fund accounted for the entire inflow: Morgan Stanley's MSBT drew $20.0M. SoSoValue shows zero or no reported daily flow for the other eleven funds, including BlackRock's IBIT, Fidelity's FBTC and Grayscale's GBTC. Combined trading volume across the spot bitcoin ETFs was about $2.06B for the day.

The previous sessions looked very different: $430.2M left the funds on Nov. 5, $411.9M on Nov. 6 and $201.1M on Nov. 9. Total net assets stood at about $94.1B on Nov. 10, with cumulative net inflows since launch near $55.5B. Fund-by-fund figures and history are on our ETF flows page.

Spot ether ETFs show an outflow of $184.5M for Nov. 9 in our SoSoValue data; the Nov. 10 figure for them had not arrived at the time of writing.

What this means for the market

One small inflow does not change the picture: after the $1.28B weekly outflow of Nov. 2⁠–⁠6, the funds are still under pressure, and only one issuer saw money come in. Traders will watch the next sessions to see whether the selling streak is over. As of 7:50 PM ET on Nov. 10, bitcoin traded near $73,600, down 1.9% over 24 hours on Binance; the live price is in the daily brief.