Bitcoin spot etfs see $116m net outflows, marking three consecutive days of outflows
Ethereum spot ETFs also logged $85.3m outflows, extending a seven‑day withdrawal streak.
Key takeaways
- 1$116 million net outflow from U.S. Bitcoin spot ETFs on 3 November
- 2$85.3 million net outflow from U.S. Ethereum spot ETFs, seven‑day streak
U.S. Bitcoin spot exchange‑traded funds recorded a net outflow of $116 million on 3 November, according to SoSoValue data cited by Wu Blockchain. It was the third consecutive day of withdrawals.
The same data showed Ethereum spot ETFs lost $85.3462 million on the same day, extending their net outflow streak to seven days. The figures cover all U.S.-listed Bitcoin and Ethereum spot ETFs and were reported in EST.
Bitcoin spot ETFs hold physical BTC and let investors trade a regulated fund instead of the cryptocurrency itself. With Bitcoin priced at $77,731 and a market value of $1.563 trillion, the asset remains the market’s largest. Spot ETFs have grown since the SEC approved the first Bitcoin product in 2024, offering institutional and retail investors a tax‑efficient route. YourKhabri reported weekly outflows of $203 million from Bitcoin funds and $432 million from Ethereum funds earlier in November, indicating a broader shift away from spot products.
The sustained outflows suggest waning demand for passive crypto exposure and could pressure fund managers to adjust holdings or fees. Retail investors holding ETF units may see lower NAVs, while traders could see the moves reflected in underlying spot prices. Market participants will watch the next day’s inflow figures and any commentary from the SEC or fund sponsors for clues on future capital flows.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.