US spot bitcoin ETFs lost a net $115.6 million on Tuesday, 3 Nov, according to Farside data. CryptoWatchDesk’s last ETF Desk covered Monday’s $398.6 million outflow; three straight outflow days now come to $1,157.4 million.
The pace slowed, and the selling spread out again. BlackRock’s IBIT lost $95.0 million and Grayscale’s Bitcoin Mini Trust $52.6 million, while Bitwise’s BITB took in $21.9 million, Fidelity’s FBTC $6.8 million and Morgan Stanley’s MSBT $3.3 million. Over the three sessions, IBIT accounts for $734.0 million of the outflow.
Ether funds lost a net $85.3 million, a seventh straight day of outflows, led again by BlackRock’s ETHA. Solana funds reported no flow for a second session.
| Fund | Net flow, 3 Nov ($M) | 30 Oct to 3 Nov, three sessions ($M) |
|---|---|---|
| IBIT (BlackRock) | −95.0 | −734.0 |
| FBTC (Fidelity) | +6.8 | −187.5 |
| ARKB (ARK 21Shares) | 0.0 | −129.5 |
| GBTC (Grayscale) | 0.0 | −53.3 |
| BTC (Grayscale Mini) | −52.6 | −52.6 |
| BITB (Bitwise) | +21.9 | −3.8 |
| MSBT (Morgan Stanley) | +3.3 | +3.3 |
| Bitcoin ETFs total | −115.6 | −1,157.4 |
| ETHA (BlackRock) | −74.4 | −289.3 |
| ETH (Grayscale Mini) | −10.9 | −45.0 |
| Other ether funds | 0.0 | −46.4 |
| Ether ETFs total | −85.3 | −380.7 |
| Solana ETFs total | 0.0 | −10.8 |
Source: Farside Investors, US-listed spot funds. “Other ether funds” over three sessions is ETHB (−24.1), ETHE (−21.5), FETH (−3.3) and MSSE (+2.5).
Week to date, bitcoin funds stand at −$514.2 million after two sessions, which is also the November total. The mix matters more than the size: three funds took in money on Tuesday, against one on Monday, and IBIT’s share of the day’s gross outflow fell to about 64%, from all of it on Monday. IBIT’s net inflow since launch is now $65.8 billion on Farside’s table.
Ether funds have lost $656.4 million over seven sessions since 26 Oct. Tuesday was also US Election Day; the data show what was created and redeemed, not why.
Flows record shares created and redeemed; they are not a forecast. Our morning note tracked an election-night low of $75,625, and for the mechanics see how in-kind ETF redemptions work.
Bitcoin was near $78,441 on Kraken at 10:42 UTC on Wednesday.
Related: Bitcoin held near $80,500 into Thursday after Wednesday's reclaim of $80,000
Related: ETF Desk, 4 Nov: bitcoin funds took in $74.6 million after three outflow days
This article is for information only and is not investment advice.