US spot Bitcoin exchange-traded funds recorded outflows totaling $95 million on Tuesday, marking the third straight session of investor redemptions. Despite the decline in Bitcoin ETF assets, stock funds saw substantial inflows as investors responded to a broader market pullback.
Bitcoin ETF outflows slow, led by IBIT and FBTC
Investor withdrawals from spot Bitcoin ETFs began to ease over the past few days. According to fund flow data, US Bitcoin ETFs saw redemptions of $430 million on November 5, followed by $412 million on November 6, $201 million on Monday, and $95 million on Tuesday. This latest figure represents a drop of nearly 53% compared to the previous day’s outflows.
Cumulatively, the outflows for November have reached approximately $1.6 billion. During this period, only November 4 registered net inflows, with $74.6 million entering the funds—primarily driven by Fidelity’s FBTC, which attracted $236.7 million in a single day.
On Tuesday, BlackRock’s iShares Bitcoin Trust (IBIT), one of the largest Bitcoin ETFs, led the declines with investor withdrawals of $78.2 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $36.8 million in outflows.
Morgan Stanley’s Bitcoin Trust (MSBT) was the notable exception, recording net inflows of $20 million on Tuesday, following $22.1 million received the previous day. MSBT was the only fund among its peers to report positive flows across both sessions, while other spot Bitcoin ETFs saw neither inflows nor outflows on Tuesday.
IBIT has now posted losses for eight consecutive trading sessions, with total net outflows since October 30 reaching approximately $1.73 billion. The fund’s $78.2 million outflow on Tuesday was the smallest daily exit during this stretch, which previously peaked at $213.2 million in a single day. Data compiled by Cryptopolitan indicates the losing streak had cost IBIT $1.66 billion by its seventh day.
Trading volumes for US spot Bitcoin ETFs reached $2.06 billion on Tuesday, with IBIT accounting for $1.64 billion. The combined net assets of these funds stood at $92.82 billion, representing about 6.26% of Bitcoin’s overall market value. Total cumulative net inflows amounted to $55.40 billion. Among the top ETFs, IBIT led with $58.24 billion in assets under management, followed by FBTC with $12.82 billion and Grayscale’s GBTC with $9.11 billion.
| ETF | Tuesday Net Flows | Total Assets |
|---|---|---|
| IBIT | -$78.2 million | $58.24 billion |
| FBTC | -$36.8 million | $12.82 billion |
| GBTC | $0 | $9.11 billion |
| MSBT | +$20 million | Not specified |
Mini dictionary: iShares Bitcoin Trust (IBIT) — A spot Bitcoin ETF managed by BlackRock, one of the world’s largest asset managers, designed to give investors exposure to Bitcoin without direct ownership of the cryptocurrency.
Stock ETFs see record inflows amid market correction
While Bitcoin ETFs grappled with ongoing outflows, investors aggressively bought into stock funds. Bloomberg ETF analyst Eric Balchunas stated on X that US-listed exchange-traded funds attracted roughly $12 billion per day over the past five sessions. All of the top 17 inflow funds during this window were stock ETFs, a pattern Balchunas described as highly unusual.
ETF investors absorbed the downturn by pouring capital into equity funds, with both major institutional managers and more speculative traders agreeing that market pullbacks represented buying opportunities.
Vanguard’s S&P 500 ETF (VOO), Invesco’s Nasdaq-100 ETF (QQQ), and BlackRock’s iShares Core S&P 500 ETF (IVV) were among the largest beneficiaries of these inflows.
The recent gap between flows into Bitcoin and stock ETFs followed a broader selloff in AI-related equities, which erased Bitcoin’s gains after the midterm elections and tested demand for cryptocurrency-linked funds. At last check, Bitcoin traded at $73,994, reflecting a 0.3% decline over the previous 24 hours.
Balchunas observed that the diverging flows highlighted two distinct approaches by investors: institutions focusing on long-term equity positions, while others pursued more opportunistic strategies amid market volatility.
