US Bitcoin and Ethereum ETFs record sixth straight day of net outflows
American spot Bitcoin funds lost $284 million on 12 November while Ethereum ETFs shed $70.57 million, extending a six-session streak of institutional withdrawals.
Key takeaways
- 1US spot Bitcoin ETFs recorded $284 million in net outflows on 12 November.
- 2US spot Ethereum ETFs logged $70.57 million in net redemptions on the same day.
- 3Both asset classes marked their sixth consecutive trading day of net capital flight.
United States spot Bitcoin and spot Ethereum exchange-traded funds recorded their sixth consecutive trading day of net outflows on 12 November, according to tracking data from SoSoValue. Spot Bitcoin ETFs logged $284 million in net withdrawals during the session, while spot Ethereum ETFs saw $70.57 million in net redemptions.
The combined single-day capital drain across both asset classes reached $354.57 million on 12 November. The six-session streak marks a continuation of sustained fund redemptions, building on withdrawals from earlier in the month when spot Bitcoin ETFs recorded $95 million in net outflows on 10 November and $1.282 billion in total weekly outflows from 2 to 6 November.
Spot exchange-traded funds allow traditional equity investors to trade exposure to Bitcoin and Ethereum through regulated exchanges without directly managing private keys or digital wallets. Fund managers maintain physical backing for every share issued, meaning large institutional redemptions generally force issuers to sell underlying assets to meet cash redemptions.
The persistent capital flight signals sustained hesitation among institutional traders after recent price declines across major crypto assets. Market participants will monitor daily flow statements from fund managers over the coming sessions to see whether net inflows resume or if continued ETF selling maintains pressure on spot crypto prices.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.