Spot bitcoin ETFs lose about $1.04 billion over three trading days

US spot bitcoin exchange-traded funds posted net outflows on each of their last three trading days. Together, the funds lost about $1.04 billion from November 5 through November 9, based on TFTC's daily table and SoSoValue data reported by TokenPost.

• November 5: outflows of $430.2 million (TFTC)
• November 6: outflows of $411.9 million (TFTC)
• November 9: outflows of $201.08 million (SoSoValue, via TokenPost)

Farside data, reported by MarsBit and republished by KuCoin, showed the same $201 million total for November 9. TFTC flagged that its November 6 row could still be revised.

BlackRock's IBIT leads the exits

BlackRock's iShares Bitcoin Trust (IBIT) carried most of the selling. It lost $403.0 million on November 6 alone, according to TFTC. On November 9 it shed another $213.2 million, per the Farside figures.

TechFlow, citing Cointelegraph, said IBIT has now had seven straight trading days of outflows since October 30. Those withdrawals total about $1.66 billion.

Fidelity's FBTC moved both ways. It lost $199.9 million on November 5, then took in $42.8 million on November 6, TFTC data shows. On November 9, Morgan Stanley's MSBT was the only fund with inflows, adding $22.1 million.

The week in total

For the trading week of November 2 to 6, spot bitcoin ETFs posted net outflows of $1.28 billion, TokenPost reported. IBIT accounted for $1.21 billion of that. FBTC led inflows with $93.1 million. TFTC's daily figures for the same five days add up to about $1.28 billion.

This story follows our earlier report on November 2 to 4, when outflows totaled $439.6 million. Selling picked up in the days after the November 5 price drop.

Still a large pool of assets

The funds remain big holders even after the selling. SoSoValue data cited by TokenPost put total net assets at $94.43 billion on November 9. That equals about 6.27% of bitcoin's total market value.

Cumulative net inflows since the funds launched stood at $55.50 billion on the same date. IBIT alone held $59.29 billion in net assets.

Not financial advice.