Key Takeaways
- • U.S. spot Bitcoin ETFs recorded $115.6 million in net outflows on Nov. 3, extending withdrawals to a third straight trading session, though the daily amount narrowed.
- • The Nov. 3 outflow followed a $398.6 million net outflow on Nov. 2 and a $643.2 million withdrawal on Oct. 30.
- • BlackRock's IBIT led redemptions with $95 million in net outflows, while Grayscale's BTC fund lost $52.6 million.
- • Bitwise's BITB took in $21.9 million in net inflows and Fidelity's FBTC added $6.8 million, partially offsetting the broader withdrawals.
- • Bitcoin was priced at $77,903 on Binance's spot market at 4:59 p.m. ET on Tuesday (21:59 UTC).
Summary
U.S. spot Bitcoin exchange-traded funds recorded $115.6 million in net outflows on Nov. 3, according to the primary source, extending withdrawals to a third consecutive trading session. Net outflows indicate that redemptions exceeded new share creations during the session. The daily figure narrowed from the prior session's $398.6 million net outflow on Nov. 2, which itself followed a $643.2 million withdrawal on Oct. 30.
BlackRock's IBIT accounted for the largest single outflow, with $95 million in net redemptions on Nov. 3. Grayscale's BTC fund lost $52.6 million over the same session. The outflows were partially offset by inflows elsewhere in the product set: Bitwise's BITB recorded $21.9 million in net inflows, and Fidelity's FBTC took in $6.8 million.
In a separate development, Mad Money host Jim Cramer posted a four-word message on X that day: "Crypto put us on." Cramer did not name an asset or explain the message, and it is not clear what, if anything, it relates to in the flow data.
At 4:59 p.m. ET on Tuesday (21:59 UTC), Bitcoin was priced at $77,903 on Binance's spot market.
BlackRock's IBIT accounted for the largest single outflow, with $95 million in net redemptions on Nov. 3. Grayscale's BTC fund lost $52.6 million over the same session. The outflows were partially offset by inflows elsewhere in the product set: Bitwise's BITB recorded $21.9 million in net inflows, and Fidelity's FBTC took in $6.8 million.
In a separate development, Mad Money host Jim Cramer posted a four-word message on X that day: "Crypto put us on." Cramer did not name an asset or explain the message, and it is not clear what, if anything, it relates to in the flow data.
At 4:59 p.m. ET on Tuesday (21:59 UTC), Bitcoin was priced at $77,903 on Binance's spot market.
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