US spot Bitcoin ETFs bleed $185 million as outflow streak hits seven days
US spot Bitcoin ETFs lost $185 million on November 13, marking seven consecutive days of investor outflows.
US spot Bitcoin ETFs experienced $185 million in net outflows on November 13, extending a seven-day losing streak. The outflows occurred while Bitcoin itself traded within a range of $68,000 to $73,000. In contrast, Ethereum ETFs attracted approximately $2.36 million in inflows on the same day.
Two funds, one direction
The precise outflow figure of $185.4 million came almost entirely from the two largest Bitcoin ETF providers. BlackRock's iShares Bitcoin Trust (IBIT) led with $143.5 million in withdrawals, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $41.9 million. Every other spot Bitcoin ETF reported zero net flows for the day.
The streak and the month
Over the full seven-day losing streak, Bitcoin ETFs have shed approximately $1.91 billion. November's outflows have now exceeded $2 billion month-to-date. Despite this, the cumulative inflows since Bitcoin ETFs launched in January 2024 remain substantial at about $54.8 billion to $55 billion.
What this means
The modest Ethereum inflows may hint at a shift in investor sentiment toward other crypto assets. A $2.36 million inflow against a $185.4 million outflow is not a rotation so much as a footnote, and one day of data does not make a trend.
The outflows suggest growing wariness among institutional investors, driven by recent Bitcoin price volatility. The concentration in IBIT and FBTC indicates the selling is coming from a specific class of holders rather than a broad-based exodus across all funds.
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