US spot Bitcoin ETFs post $1.04B outflows over three sessions

2 min

US spot Bitcoin ETFs recorded a third straight net outflow on November 9: $201.0 million left the group per the Farside Investors flow table. The three-session total reached roughly $1.04 billion. Outflows were concentrated: BlackRock’s IBIT saw $213.2 million in redemptions, Morgan Stanley’s MSBT logged $22.1 million in inflows, and ARK Invest and 21Shares’ ARKB posted a $9.9 million outflow. Figures reflect primary-market creations and redemptions, not all secondary-market trading or the intentions of every Bitcoin holder.

Three sessions that add up to more than $1 billion

Consecutive negative sessions totaled about $1.04 billion: $430.2 million on November 5, $411.9 million on November 6, and $201.0 million on November 9. The progression signals persistent selling pressure, though the latest daily net outflow was smaller than the prior two sessions.

Issuer dynamics and concentration

Redemptions were not evenly distributed. IBIT, a large and closely watched vehicle for brokerage and portfolio platforms, drove most withdrawals, which can shape market commentary. MSBT posted inflows that partially offset selling elsewhere. Several funds showed no net primary-market activity. Secondary-market trading of ETF shares is distinct from primary creations and redemptions tied to underlying Bitcoin exposure.

Flows versus assets under management

Net flows and assets under management differ. AUM can fall with Bitcoin’s price even without redemptions, and share creations can occur on down-price days. Mixing these measures can distort assessments of demand. Earlier breakdowns provide context on issuer-specific moves: see the November 6 report and the November 2 breakdown.

Signals to watch for a durable turn

Evidence of a shift would include several completed sessions with reduced selling from large issuers and broader inflows across products. One positive day would interrupt the streak but would not confirm renewed dominance by buyers.

Data scope and market read

These figures cover the November 9 US trading session. A fuller sentiment view combines ETF flows with spot volume, derivatives positioning, and rate expectations. Current evidence: listed-fund demand remains weak, while net redemptions have moderated from last week’s peaks.