According to data from Coinglass, U.S. spot Bitcoin ETF recorded five consecutive days of net outflows totaling $1.44 billion from November 5 to November 11. Bitcoin is currently trading near $73,500, struggling to reclaim the $75,000 level. BlackRock's iShares Bitcoin Trust (IBIT) accounted for most of the selling pressure, recording $269.7 million in net outflows on November 12. The outflows included $430.2 million on November 5 and $411.9 million on November 6, with further withdrawals continuing on November 9, 10, and 11. Morgan Stanley's Bitcoin ETF attracted $9 million yesterday, providing a modest counterbalance to the broader ETF-wide selling.

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