Bitcoin ETFs Lose $1.16 Billion in Three Straight Sessions Institutional Bitcoin flows have turned sharply negative again. US-identified Bitcoin ETFs registered: October 30: -$643.2 million.
November 2: -$398.6 million.
November 3: -$115.6 million Total three sessions: -$1.157 billion Black Rocks IBIT accounted for about $734 million of these withdrawals. The last session was less severe than the previous two, but it still extended the streak of exits to three consecutive trading days. There were also certain purchases under the heading number. On November 3: Fidelity FBTC: +$6.8 million.
Bitwise BITB: +21.9 million dollars.
Morgan Stanley MSBT: +$3.3M But these inflows weren't enough to offset redemptions from Black Rock and Shades of Grey. Important: ETF exits do not necessarily mean that the fund managers themselves are selling because they have become bearish. ETF flows mainly reflect investor creations and redemptions. When investors exit the products, the funds adjust the backing to Bitcoin accordingly. The bigger picture is clear: the four-day flow streak we saw before the Binance hack has completely reversed. More than $1.1 billion left US Bitcoin ETFs in three sessions. Now the question is whether the selling slows down as BTC approaches the $70K mid range.