
The US spot Bitcoin exchange-traded funds (ETFs) recorded a weekly outflow of staggering $1.11 billion from November 10 to 14, marking the third consecutive week of outflows.
According to SoSoValue data, BlackRock’s ETF IBIT bled $532.41 million, recording the largest net outflow last week. Currently, the cumulative net inflow of IBIT funds has reached $63.79 billion.
Grayscale Bitcoin Mini Trust (BTC) logged a net weekly outflow of nearly $290 million, ending November 14. Meanwhile, the fund’s total historical net inflow touched $63.79 billion.
At the time of writing, the total net asset value of spot Bitcoin ETF is $125.34 billion, and the ETF’s net asset ratio is 6.67% of Bitcoin market cap.
ETFs Are Kind of “Static Exposure:” Simon Gerovich
Simon Gerovich, CEO of Japanese Bitcoin treasury company Metaplanet, noted that ETFs do not undermine the strengths of Bitcoin treasury companies.
“A BTC ETF provides fixed exposure to Bitcoin,” he wrote on X, adding that the amount of BTC it holds will not increase unless it gets fund inflows to support it.
Przemysław Kral, CEO of one of the large European crypto exchanges zondacrypto, shared his thoughts on the ongoing BTC outflows.
“We must beware of weekend liquidity, which is always thinner with fewer active traders letting each forced sale move the market more,” Kral told Cryptonews. “Long-term investors now have a chance to accumulate tokens at lower rates, while short-term traders will face challenges in timing a recovery.”
Bitcoin Hits Six Months Low at $95K
Unsurprisingly, massive Bitcoin ETF outflows have coincided with the recent BTC price decline. ETF outflows suggest institutional demand cooling post-Trump tariff concerns.
Besides, cryptos experienced widespread liquidations, totalling $617.45 million within 24 hours. Bitcoin alone accounted for $243.56 million in liquidations, with Ethereum following at $169.06 million.
At press time, Bitcoin was trading near $95,200, representing a 0.59% decline over the last 24 hours. The total cryptocurrency market capitalization fell to $3.31 trillion, down 0.9% from previous levels.
https://cryptonews.com/news/us-spot-bitcoin-etfs-bleed-1-11b-in-third-consecutive-week-of-outflows/