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XMR$520.34Spot Bitcoin ETFs Shed $284M, Outflows Hit a 6th Day
US spot bitcoin ETFs lost a net $284M on Nov. 12 and spot ether ETFs $70.57M, SoSoValue data show. Both groups logged a sixth straight day of outflows.
US spot bitcoin ETFs recorded net outflows of $284M for Nov. 12 (ET), SoSoValue data show. It is the sixth straight trading day of withdrawals.
Details
Spot ether ETFs lost $70.57M the same day, also a sixth consecutive day of outflows. The figures were posted by Wu Blockchain citing SoSoValue; we will add the fund-by-fund breakdown once it is available.
The day before, Nov. 11, outflows were $299.9M (see our report). From Nov. 5 through Nov. 11 the funds shed about $1.44B; including Nov. 12, the streak totals roughly $1.72B by our calculation.
What it means for the market
Six days of outflows in a row mean the spot ETFs remain a source of selling pressure, with no fresh money coming into the funds. Daily figures and fund-level history are on the ETF flows page; the live bitcoin price is in the daily brief.
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