US spot bitcoin ETFs recorded a net $185.4 million outflow on Friday, 13 Nov, according to Farside data. CryptoWatchDesk’s last ETF Desk covered Thursday’s $284.1 million outflow; Friday’s was smaller, and it closed a week in which the funds lost $1,065.3 million.
BlackRock’s IBIT lost $143.5 million, its eleventh outflow in a row, and Fidelity’s FBTC lost $41.9 million. No other bitcoin fund reported a flow.
Ether funds took in a net $2.3 million, the first inflow for the group since 4 Nov. Fidelity’s FETH added $11.6 million and the Grayscale ether mini fund lost $9.3 million; BlackRock’s ETHA reported no flow.
Solana funds lost a net $3.1 million, all of it from Fidelity’s FSOL.
| Fund | Net flow, 13 Nov ($M) | 30 Oct–13 Nov, eleven sessions ($M) |
|---|---|---|
| IBIT (BlackRock) | −143.5 | −2,351.6 |
| FBTC (Fidelity) | −41.9 | −219.2 |
| BITB (Bitwise) | 0.0 | −35.5 |
| ARKB (ARK 21Shares) | 0.0 | −177.0 |
| HODL (VanEck) | 0.0 | −29.7 |
| MSBT (Morgan Stanley) | 0.0 | +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 | −185.4 | −2,990.2 |
| ETHA (BlackRock) | 0.0 | −733.6 |
| ETH (Grayscale Mini) | −9.3 | −76.3 |
| ETHB | 0.0 | −92.4 |
| ETHE (Grayscale) | 0.0 | −12.3 |
| FETH (Fidelity) | +11.6 | −0.1 |
| Other ether funds | 0.0 | −5.1 |
| Ether ETFs total | +2.3 | −919.8 |
| Solana ETFs total | −3.1 | −67.8 |
Source: Farside Investors, US-listed spot funds, read at 04:50 UTC on 14 Nov; eleven-session sums and the weekly total are CryptoWatchDesk arithmetic on Farside’s daily rows. BRRR and BTCW reported no flow in the period. “Other ether funds” over eleven sessions is ETHW (−4.8), ETHV (−2.9), TETH (−1.1), EZET (−0.8), QETH (+0.4) and MSSE (+4.1).
The week’s daily totals were −$201.0 million on Monday, −$95.0 million on Tuesday, −$299.8 million on Wednesday, −$284.1 million on Thursday and −$185.4 million on Friday. IBIT accounts for $908.4 million of the $1,065.3 million, about 85%.
Bitcoin funds have now lost money on seven sessions in a row, a run that began on 5 Nov and totals $1,907.4 million. Since 30 Oct, IBIT has lost $2,351.6 million, about 79% of the $2,990.2 million that left the group, and it has not recorded an inflow on any of those eleven sessions.
Ether funds have lost $919.8 million over the same eleven sessions, and ETHA alone accounts for $733.6 million. Friday’s small inflow came on a day ether closed under $1,930 on Kraken.
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. This week’s 13F filings showed what two large holders did in the third quarter: Jane Street’s and JPMorgan’s.
Bitcoin was near $67,086 on Kraken at 04:47 UTC on Saturday, after closing Friday at $68,235.9. The funds are shut for the weekend, and the next Farside row will be for Monday, 16 Nov.
Related: On Saturday bitcoin fell to $63,854, its lowest since 17 Aug, as liquidations topped $1.1 billion
This article is for information only and is not investment advice.