Bitcoin ETFs Extend Outflows as November Withdrawals Reach $1.6B

U.S. spot Bitcoin exchange-traded funds recorded about $95 million in net outflows on November 10, extending their losing streak to four days and bringing November withdrawals to roughly $1.6 billion, according to SoSoValue data. The daily outflow was smaller than those reported earlier in the week, but investors continued to pull money from the funds.

The November 10 figure brought the month’s reported net outflows to about $1.6 billion, while another SoSoValue tally put withdrawals at $1.44 billion over five consecutive days from November 5 through November 11. That five-day measure included $299.9 million in outflows on November 11. The figures cover different reporting windows.

BlackRock’s iShares Bitcoin Trust, known as IBIT, had about $78 million in withdrawals on November 10, its eighth consecutive trading session of outflows. Data from Farside Investors put its cumulative withdrawals over that streak at roughly $1.73 billion. Morgan Stanley’s Bitcoin Trust ETF attracted about $20 million that day, but inflows to the fund did not offset losses across the wider group.

ETF withdrawals eased over several reported sessions, falling from $430 million on November 5 and $412...