Bitcoin ETF saw a net outflow of approximately $514 million in the first two days of November
2026-11-04 16:25:32
According to CoinMeta, Bitcoin funds listed in the United States experienced a net outflow of approximately $514.2 million in the first two days of November, mainly due to the failure of Bitcoin prices to regain the $80,000 level. On November 3, there was an outflow of $115.6 million, followed by another outflow of $398.6 million on Monday. Although Blackstone's Bitcoin trust recorded a maximum outflow of $95 million on November 3, another fund attracted $6.8 million in new capital, and another fund recorded an inflow of $21.9 million. These inflows partially offset the larger outflows from Blackstone and Grayscale, but were not sufficient to get the overall market back on track. Bitcoin's price fluctuations during this period were complex; despite continuous outflows, Bitcoin was trading at around $76,300 on November 3 before rebounding to $78,000. By early November 4, Bitcoin prices had risen to $78,230. The divergence between the market's recovery of Bitcoin and the outflows indicates that purchasing activities elsewhere in the market may be helping to absorb the selling pressure from institutions.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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