Bitcoin (BTC) Spot ETFs Draw $6.68 Million Net Inflow via BlackRock's IBIT

BlackRock and Morgan Stanley Carry Separate Prints

US spot Bitcoin (BTC) ETFs drew a net $6.68 million on Monday, November 2, one session after the group printed net redemptions. The aggregate of daily creation and redemption disclosures puts the whole figure on a single product: BlackRock's IBIT, which took in the full $6.68 million while no other issuer in the Bitcoin lineup recorded a net creation or redemption in either direction. The Bitcoin (BTC) price traded near $76,639 at publication, down 2.2% over the past 24 hours, leaving the wider Bitcoin market close to its recent lows. In this structure, a net inflow has a precise mechanical meaning: a creation issues new fund shares against Bitcoin the manager buys in the open market, while a redemption cancels shares and sends coins back out. Monday's print means creations outweighed redemptions across the lineup by $6.68 million, and because every other trust closed at zero, the entire imbalance sat inside IBIT's books. The dollar size is small. Flows at this scale are read as a demand gauge rather than a price driver, and a single session of intake this light does not absorb meaningful supply on its own. What gives the session weight is direction rather than magnitude: the channel that had been returning coins to the market flipped to absorption inside one trading day, and it did so through the largest spot Bitcoin (BTC) fund in the group, the product issuer tables treat as the lineup's reference point. The session also matters for what it excludes. No offsetting redemptions from other issuers net against IBIT's intake, so the number is clean on its face: $6.68 million in, nothing out, one issuer credited, and the totals come from the lineups' own daily disclosures rather than any single venue's order book. With one issuer carrying the print, a single redemption day would have read the same way in reverse, which is why the direction of consecutive sessions carries more information than any standalone figure.

The Ethereum side of the same daily report turned with it. US spot Ethereum ETFs took in $3.20 million on November 2, their first net inflow after five straight sessions of outflows, and the entire figure came through Morgan Stanley's MSSE, with the remaining products closing flat. The prior session had run the other way on both sides of the tape, so the Monday print broke two negative runs at once: the one-day Bitcoin (BTC) turnaround and the five-session Ethereum drain. The symmetry is the report's second finding. Both product sets turned positive in the same session, and in both cases a single issuer supplied the entire figure, BlackRock on the Bitcoin side and Morgan Stanley on the Ethereum side, with every other trust in both lineups at zero. Concentration that tight reads two ways. It shows that whatever demand exists is specific and routed through one distribution channel rather than scattered across the shelf, and it also means each total depends on a single sponsor's daily book: remove either print and both lineups sit back in the red. The flows landed while the spot market worked through the aftermath of last week's break below $80,000, a slide that followed roughly $6.3 billion in exchange outflows. Against that tape, the ETF figures read as marginal but directional. The Bitcoin print, $6.68 million, sits near what one mid-sized crypto whale moves in a single transfer, which is why desks treat prints of this size as sentiment markers rather than supply events. Coin held by long-term wallets that HODL through drawdowns never touches this tape at all, one reason the ETF number is a narrow, if clean, demand gauge. Both counts reset on the same day, the smallest state change the disclosure format allows and the cleanest available signal that the redemption phase has paused.

What $6.68 Million Meets at $76,639

The print meets a cautious tape. COINOTAG's composite map scores the nearest support, $76,169, at 89 out of 100, with the next shelf at $74,850 stronger still at 97 out of 100. Perpetual funding runs at 0.0071%, close to neutral, and long accounts outnumber shorts 2.82 to 1, so the leverage book is not tilted toward a flush. A $6.68 million creation day does not move a $1.54 trillion market on its own; the question is whether Monday's turn becomes a streak of net creations rather than a one-session pause in redemptions. The Fear & Greed Index stands at 26 out of 100.