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Crypto Macro

US Spot Bitcoin ETFs Post $1.44B Net Outflows Over Five Days

U.S. spot Bitcoin ETFs recorded five consecutive days of net outflows, losing about $1.44 billion between November 5 and November 11, including $299.9 million on Wednesday. The withdrawals came as investors retreated from risk assets following a turbulent week for markets, pushing November’s net outflows higher.

Original source

AI take

Five straight sessions of withdrawals totaling roughly $1.44 billion marks a meaningful shift in ETF flow direction, and the framing around risk-asset retreat suggests macro sentiment, not Bitcoin-specific news, is driving the exits. This matters most for issuers whose spot products depend on steady inflows to sustain fee revenue and market depth. The open question is whether the outflows reflect a temporary de-risking episode or the start of a longer rotation — November's cumulative figure is the number worth tracking.

Generated by AI for reference only.

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