US spot bitcoin ETFs recorded a net $299.8 million outflow on Wednesday, 11 Nov, according to Farside data. CryptoWatchDesk’s last ETF Desk covered Tuesday’s $95.0 million outflow; Wednesday’s was about three times that.
BlackRock’s IBIT reported $269.7 million of redemptions. That is its ninth outflow in a row, and it takes the run’s total past $2 billion.
Grayscale’s GBTC lost $39.1 million. Morgan Stanley’s MSBT took in $9.0 million and was again the only bitcoin fund with an inflow. The other nine funds reported no flow.
Ether funds lost a net $144.8 million, after a flat Tuesday.
BlackRock’s ETHA accounted for $129.8 million of that. ETHB lost $5.3 million, ETHW $4.8 million and Fidelity’s FETH $4.1 million.
Solana funds lost $5.9 million, split between Fidelity’s FSOL at $3.8 million and the Morgan Stanley fund MSOL at $2.1 million.
| Fund | Net flow, 11 Nov ($M) | 30 Oct–11 Nov, nine sessions ($M) |
|---|---|---|
| IBIT (BlackRock) | −269.7 | −2,004.3 |
| GBTC (Grayscale) | −39.1 | −153.4 |
| MSBT (Morgan Stanley) | +9.0 | +54.4 |
| ARKB (ARK 21Shares) | 0.0 | −158.5 |
| FBTC (Fidelity) | 0.0 | −144.7 |
| 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 | −299.8 | −2,520.7 |
| ETHA (BlackRock) | −129.8 | −671.6 |
| ETHB | −5.3 | −92.4 |
| ETH (Grayscale Mini) | 0.0 | −60.3 |
| ETHE (Grayscale) | 0.0 | −12.3 |
| FETH (Fidelity) | −4.1 | −11.2 |
| Other ether funds | −5.6 | −3.8 |
| Ether ETFs total | −144.8 | −851.6 |
| Solana ETFs total | −5.9 | −62.8 |
Source: Farside Investors, US-listed spot funds, read at 10:49 UTC on 12 Nov; nine-session sums are CryptoWatchDesk arithmetic on Farside’s daily rows. BRRR and BTCW reported no flow in the period. “Other ether funds” on 11 Nov is ETHW (−4.8) and EZET (−0.8); over nine sessions it is ETHW (−4.8), TETH (−2.3), EZET (−0.8) and MSSE (+4.1).
Since 30 Oct, IBIT has lost $2,004.3 million, about 80% of the $2,520.7 million that left bitcoin funds as a group over the nine sessions. Wednesday’s group outflow was the largest since the $411.9 million on 6 Nov, and it ended two days of shrinking redemptions.
Ether funds have lost $851.6 million over the same stretch; ETHA alone accounts for $671.6 million. MSBT has now taken in $54.4 million across the nine sessions, on four of the nine days.
Flows record shares created and redeemed; they are not a forecast, and they do not say who sold or why. Elsewhere in institutional bitcoin this week, see MSCI’s decision to drop Strategy from its indexes; for the structure behind the numbers, see how a spot bitcoin ETF works.
Bitcoin was near $73,384 on Kraken at 10:48 UTC on Thursday.
Related: The next day bitcoin fell to $71,360 around the US open, its lowest since August
This article is for information only and is not investment advice.