US spot bitcoin ETFs recorded a net $284.1 million outflow on Thursday, 12 Nov, according to Farside data. CryptoWatchDesk’s last ETF Desk covered Wednesday’s $299.8 million outflow; Thursday’s was slightly smaller.
Some outlets reported $47.7 million for Thursday. That came from an early version of the table, before BlackRock’s IBIT and Fidelity’s FBTC had reported; the two funds added $236.4 million of outflows.
IBIT lost $203.8 million, its tenth outflow in a row. FBTC lost $32.6 million, Bitwise’s BITB $26.4 million, ARK 21Shares’ ARKB $18.5 million and VanEck’s HODL $6.1 million. Morgan Stanley’s MSBT took in $3.3 million, its fifth inflow in the last ten sessions.
Ether funds lost a net $70.5 million. BlackRock’s ETHA accounted for $62.0 million and the Grayscale ether mini fund for $6.7 million.
Solana funds lost a net $1.9 million: Fidelity’s FSOL shed $3.6 million and Bitwise’s BSOL took in $1.7 million.
| Fund | Net flow, 12 Nov ($M) | 30 Oct–12 Nov, ten sessions ($M) |
|---|---|---|
| IBIT (BlackRock) | −203.8 | −2,208.1 |
| FBTC (Fidelity) | −32.6 | −177.3 |
| BITB (Bitwise) | −26.4 | −35.5 |
| ARKB (ARK 21Shares) | −18.5 | −177.0 |
| HODL (VanEck) | −6.1 | −29.7 |
| MSBT (Morgan Stanley) | +3.3 | +57.7 |
| GBTC (Grayscale) | 0.0 | −153.4 |
| BTC (Grayscale Mini) | 0.0 | −52.6 |
| EZBC (Franklin) | 0.0 | −32.9 |
| BTCO (Invesco) | 0.0 | +4.0 |
| Bitcoin ETFs total | −284.1 | −2,804.8 |
| ETHA (BlackRock) | −62.0 | −733.6 |
| ETH (Grayscale Mini) | −6.7 | −67.0 |
| ETHB | 0.0 | −92.4 |
| ETHE (Grayscale) | 0.0 | −12.3 |
| Other ether funds | −1.8 | −16.8 |
| Ether ETFs total | −70.5 | −922.1 |
| Solana ETFs total | −1.9 | −64.7 |
Source: Farside Investors, US-listed spot funds, read at 14:50 UTC on 13 Nov; ten-session sums are CryptoWatchDesk arithmetic on Farside’s daily rows. BRRR and BTCW reported no flow in the period. “Other ether funds” on 12 Nov is FETH (−0.5), ETHV (−2.9), TETH (+1.2) and QETH (+0.4); over ten sessions it is FETH (−11.7), ETHW (−4.8), ETHV (−2.9), TETH (−1.1), EZET (−0.8), QETH (+0.4) and MSSE (+4.1).
Bitcoin funds have now lost money on six sessions in a row, a run that began on 5 Nov and totals $1,722.0 million. Since 30 Oct, IBIT has lost $2,208.1 million, about 79% of the $2,804.8 million that left the group, and $1,974.4 million of it has gone in November alone.
Ether funds have lost $922.1 million over the same ten sessions; ETHA alone accounts for $733.6 million. Thursday was the smallest ether outflow of the week bar Tuesday’s $1.3 million, and it came on the day ether first traded under $2,000 since August.
Flows record shares created and redeemed; they are not a forecast, and they do not say who sold or why. For the structure behind the numbers, see how a spot bitcoin ETF works; elsewhere in institutional bitcoin this week, see MSCI’s decision to drop Strategy from its indexes.
Bitcoin was near $68,825 on Kraken at 14:50 UTC on Friday. Farside’s row for 13 Nov is empty until the funds report after the close.
This article is for information only and is not investment advice.