US spot bitcoin ETFs recorded a net $95.0 million outflow on Tuesday, 10 Nov, according to Farside data. CryptoWatchDesk’s last ETF Desk covered Monday’s $201.0 million outflow; Tuesday’s was less than half that.
BlackRock’s IBIT reported $78.2 million of redemptions. That is its eighth outflow in a row, and the smallest of the eight.
Fidelity’s FBTC lost $36.8 million. Morgan Stanley’s MSBT again took money in, $20.0 million, and was the only bitcoin fund to do so. The other nine funds reported no flow.
Ether funds were close to flat, with a net $1.3 million outflow.
Grayscale’s mini ETH fund lost $2.0 million and 21Shares’ TETH $0.4 million, while Bitwise’s ETHB took in $1.1 million. Farside shows no flow for BlackRock’s ETHA, after $119.3 million left it on Monday.
Solana funds lost $13.4 million, led by Bitwise’s BSOL at $8.2 million.
| Fund | Net flow, 10 Nov ($M) | 30 Oct–10 Nov, eight sessions ($M) |
|---|---|---|
| IBIT (BlackRock) | −78.2 | −1,734.6 |
| FBTC (Fidelity) | −36.8 | −144.7 |
| MSBT (Morgan Stanley) | +20.0 | +45.4 |
| ARKB (ARK 21Shares) | 0.0 | −158.5 |
| GBTC (Grayscale) | 0.0 | −114.3 |
| BTC (Grayscale Mini) | 0.0 | −52.6 |
| EZBC (Franklin) | 0.0 | −32.9 |
| HODL (VanEck) | 0.0 | −23.6 |
| BITB (Bitwise) | 0.0 | −9.1 |
| BTCO (Invesco) | 0.0 | +4.0 |
| Bitcoin ETFs total | −95.0 | −2,220.9 |
| ETHA (BlackRock) | 0.0 | −541.8 |
| ETHB (Bitwise) | +1.1 | −87.1 |
| ETH (Grayscale Mini) | −2.0 | −60.3 |
| ETHE (Grayscale) | 0.0 | −12.3 |
| FETH (Fidelity) | 0.0 | −7.1 |
| Other ether funds | −0.4 | +1.8 |
| Ether ETFs total | −1.3 | −706.8 |
| Solana ETFs total | −13.4 | −56.9 |
Source: Farside Investors, US-listed spot funds, read at 10:45 UTC on 11 Nov; eight-session sums are CryptoWatchDesk arithmetic on Farside’s daily rows. BRRR and BTCW reported no flow in the period. “Other ether funds” on 10 Nov is TETH (−0.4); over eight sessions it is TETH (−2.3) and MSSE (+4.1). Solana’s Tuesday figure is BSOL −8.2, TSOL −2.8 and GSOL −2.4.
Since 30 Oct, IBIT has lost $1,734.6 million, about 78% of the $2,220.9 million that left bitcoin funds as a group over the eight sessions. Bitcoin funds took money in on one of those days, 4 Nov. Tuesday’s group outflow was the smallest of the run’s seven negative days; the largest was the $643.2 million on 30 Oct.
Ether funds have lost $706.8 million over the same eight sessions, almost all of it before Tuesday. Morgan Stanley’s MSBT, the lowest-fee bitcoin fund on Farside’s table at 0.14%, has taken in $45.4 million over the stretch, on three of the eight days.
Flows record shares created and redeemed; they are not a forecast, and they do not say who sold or why. For the price backdrop, bitcoin posted its lowest daily close since August on Tuesday; for the structure behind the numbers, see how a spot bitcoin ETF works.
Bitcoin was near $73,943 on Kraken at 10:44 UTC on Wednesday.
Related: The next session, 11 Nov, bitcoin funds lost $299.8 million as IBIT's run passed $2 billion
This article is for information only and is not investment advice.