Spot bitcoin ETFs lose $95 million on November 10, a fourth straight day of outflows
Withdrawals slowed from the day before, but BlackRock's IBIT again led the selling while Morgan Stanley's fund drew new money.
US spot bitcoin exchange-traded funds posted net outflows of about $95.0 million on Tuesday, November 10. It was their fourth trading day in a row of withdrawals, according to SoSoValue data reported by ChainThink.
Bitcoin.com News, also citing SoSoValue, and ChainCatcher, citing RootData, reported the same $95 million total.
Who sold and who bought
- BlackRock's iShares Bitcoin Trust (IBIT): outflow of $78.2 million, the day's largest (SoSoValue, via ChainThink; RootData, via ChainCatcher)
- Fidelity's FBTC: outflow of $36.8 million (RootData, via ChainCatcher)
- Morgan Stanley's MSBT: inflow of $20.0 million, the day's largest (SoSoValue, via ChainThink)
The November 10 outflow was smaller than the $201.1 million that left the funds on November 9, Bitcoin.com News reported, citing TFTC data.
IBIT has carried most of the selling this month. Before November 10, it had posted seven straight days of outflows since October 30, totaling $1.66 billion, Bitcoin.com News reported. The worst day for the group so far in November was November 5, when $430.2 million left.
Assets and price
SoSoValue put the funds' total net assets at $92.82 billion after the session. That equals about 6.26% of bitcoin's total market value. Cumulative net inflows since the funds launched stood at $55.40 billion.
Bitcoin traded near $73,700 early on November 11, down about 1.5% over 24 hours, Bitcoin.com News reported at 5:30 a.m. ET. The price had dipped to $72,787 after October US consumer prices rose 0.4% for the month, above the 0.3% forecast.
Spot ETFs let people hold bitcoin through an ordinary brokerage account. When investors sell fund shares, the funds can redeem them and their bitcoin holdings shrink. A run of daily outflows shows larger investors pulling back, though the money leaving is still small next to the $92.82 billion the funds hold.
Sources (3)
- KuCoin (via ChainThink, SoSoValue data): Bitcoin spot ETFs recorded a $95 million net outflow on November 10, marking the fourth consecutive day of outflows
- KuCoin (via ChainCatcher, RootData data): Bitcoin spot ETFs recorded a $95 million net outflow on November 10, with BlackRock's IBIT leading
- Bitcoin.com News: Bitcoin ETFs Bleed for a 4th Straight Day as 2026 Outflows Top $1B
Not financial advice. How we report and check stories.
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