US spot Bitcoin ETFs log $1.6 billion in November outflows as stock funds draw cash
In brief
- US spot Bitcoin ETFs posted $95 million in net outflows Tuesday, per SoSoValue data.
- November net outflows reached roughly $1.6 billion, per SoSoValue data cited by Cointelegraph.
- BlackRock's IBIT logged eight straight sessions of outflows totaling about $1.73 billion, per Farside Investors.
- Stock funds filled all 17 top US ETF inflow slots over five sessions, per Bloomberg's Eric Balchunas.
IBIT's streak reaches eight sessions
BlackRock's iShares Bitcoin Trust (IBIT) recorded $78 million in net withdrawals on Tuesday, its eighth straight trading session of outflows, according to Farside Investors. Over that streak, about $1.73 billion has left the fund.
Not every issuer lost money. Morgan Stanley's Bitcoin Trust ETF (MSBT) attracted $20 million on Tuesday (per Farside), but that wasn't enough to offset the broader losses.
The outflows are getting smaller, though. Daily net outflows across Bitcoin ETFs fell from $430 million Thursday and $412 million Friday to $201 million Monday and $95 million Tuesday, according to CryptoQuant data. Tuesday was the third straight session where they eased.
Stock funds take every top slot
The equity side looks very different. US-listed ETFs attracted roughly $12 billion per day over those five sessions, Balchunas said on X on Tuesday, and stock funds accounted for all 17 of the top funds by inflows. The biggest beneficiaries included Vanguard's S&P 500 ETF (VOO), Invesco's Nasdaq-100 ETF (QQQ) and BlackRock's iShares Core S&P 500 ETF (IVV).
None of the Bitcoin funds made that list.
BlackRock shows up on both sides of the ledger: IBIT is losing assets while IVV is one of the biggest gainers.
CryptoQuant's read on demand
CryptoQuant's on-chain analysis hasn't looked any better for Bitcoin.
CryptoQuant’s Bitcoin Bull Score Index dropped to 20 on Monday from 90 on Oct. 13, signaling “extremely bearish” conditions
The firm's analysts also reported that apparent Bitcoin demand contracted by 284,000 BTC over 30 days, the fastest pace since March 2025. CryptoQuant said similar conditions have come before local market bottoms in the past. It also warned that a deeper correction remained possible and identified $73,200 as key support for Bitcoin, in a report seen by Cointelegraph.
When Cointelegraph published its report, Bitcoin traded at $73,998 according to CoinGecko. That's down 1% over 24 hours and 5.2% over seven days.
Frequently asked questions
How much have US spot Bitcoin ETFs lost in November?
Net outflows from US spot Bitcoin ETFs reached roughly $1.6 billion since the start of November, according to SoSoValue data. Tuesday alone accounted for $95 million in net outflows.
Are Bitcoin ETF outflows slowing down?
Yes. Daily net outflows fell from $430 million Thursday and $412 million Friday to $201 million Monday and $95 million Tuesday, according to CryptoQuant. Tuesday marked the third straight session of easing outflows.
