US Bitcoin spot exchange-traded funds recorded a net outflow of $430.2 million on November 5 (US Eastern Time), according to data from Farside. Over the recent 5 trading days spanning October 30 to November 5, cumulative net outflows reached $1.513 billion. This marked a reversal from the November 4 net inflow, which had interrupted a 3-day consecutive outflow streak beginning October 30.
Fidelity FBTC Records Largest Single-Day Outflow on November 5
No products recorded inflows on November 5. Fidelity's FBTC experienced the largest single-day outflow at $199.9 million. BlackRock's IBIT saw $105 million in outflows, while Grayscale's GBTC recorded $49.9 million in outflows. Among other products, Franklin Templeton's EZBC had $32.9 million in outflows, VanEck's HODL had $23.6 million, and ARK Invest-21Shares' ARKB had $18.9 million in outflows.
Over the recent 5 trading days, BlackRock's IBIT recorded the largest cumulative outflow at $1.040 billion, followed by Grayscale's GBTC at $103.2 million and ARK Invest-21Shares' ARKB at $128.5 million. During the same period, Bitwise's BITB recorded $11.4 million in inflows, Morgan Stanley's MSBT had $3.3 million in inflows, and Invesco Galaxy's BTCO had $4 million in inflows.
November Month-to-Date Outflows Exceed October Total
Through November 5, cumulative net outflows for the month reached $869.8 million. This exceeds October's total net outflow of $515.9 million.
BlackRock IBIT and Grayscale GBTC Lead Cumulative Flows Since January 2024 Listing
Since the January 2024 listing, cumulative net inflows across all US Bitcoin spot ETFs totaled $56.178 billion. BlackRock's IBIT led with $65.504 billion in cumulative inflows, while Grayscale's GBTC recorded $28.057 billion in cumulative outflows. Fidelity's FBTC accumulated $10.232 billion in inflows, and Grayscale's BTC product (distinct from GBTC) accumulated $2.837 billion in inflows.
According to the source article, ETF outflows increase the likelihood of Bitcoin price decline.
FAQ
What was the net outflow from US Bitcoin spot ETFs on November 5?
US Bitcoin spot ETFs recorded a net outflow of $430.2 million on November 5 (US Eastern Time), according to Farside data.
Which Bitcoin ETF had the largest cumulative inflow since the January 2024 listing?
BlackRock's IBIT had the largest cumulative inflow at $65.504 billion since the January 2024 listing, while Grayscale's GBTC recorded the largest cumulative outflow at $28.057 billion.
