Bitcoin (BTC) Spot ETFs Shed $95 Million on Tuesday in Fourth Straight Outflow Day

United States spot Bitcoin (BTC) ETFs recorded $95 million in net outflows on Tuesday, November 10, the fourth consecutive session of redemptions and a run that has now pulled $1.138 billion out of the funds since November 5. The figure comes from issuer creation and redemption disclosures, the daily filings through which each fund manager reports the net cash that entered or left its product. Each spot fund creates or redeems shares against bitcoin held in trust, so a day of net redemptions means managers sold more of the asset than they bought on shareholders' behalf, removing a bid from the broader Bitcoin market rather than adding one. Tuesday's total nets a dozen products against each other: $78.2 million left BlackRock's IBIT, the largest fund in the group, while Morgan Stanley's MSBT absorbed $20 million of fresh money and Fidelity's FBTC lost $36.8 million. Grayscale's GBTC and several smaller products saw no Tuesday activity, leaving the day's ledger to those three names. Measured against the rest of the run, Tuesday's $95 million is the smallest single-day figure, an easing rather than an end. The streak began on November 5 and has run without an inflow day since; the wider five-session window from November 4 to November 10, which includes one modest inflow day before it started, adds up to $1.0635 billion, extending a two-day, $296 million outflow window tracked earlier this month. Bitcoin (BTC) price sits near $73,909 at the time of writing, about 1.1% lower across the past 24 hours, though slightly above the level it held at 06:59 UTC when the Tuesday flow data was published; our earlier coverage tracked trading near $73,600 with volume up 10.63%.

The nearest support sits at $73,095, scored 93 out of 100 on our composite support and resistance rating, which grades each level by the indicators that converge there, with the nearest resistance at $74,522 holding a score of 83; the market closed inside that band at the time of writing. Derivatives positioning shows a perp funding rate of 0.0071% and a long/short account ratio of 3.09, with 75.5% of accounts held long, a skew that leaves leveraged traders exposed if spot redemptions keep weighing on price. The Fear and Greed Index reads 29 out of 100, in fear territory, matching a social sentiment score of 0.82 with bearish posts dominating. Full level-by-level detail is maintained in our regular Bitcoin technical analysis, and equity correlation has been widening, as Fidelity's Timmer flagged after a 5.4% slide.

IBIT's Five-Day Outflows Top $1 Billion

The five-session ledger shows where the pressure concentrated. BlackRock's IBIT accounted for $1.0006 billion of the group's $1.0635 billion net outflow between November 4 and November 10, nearly the entire move on its own. Grayscale's GBTC lost $61 million across the same window, Franklin Templeton's EZBC $32.9 million, the ARK Invest and 21Shares ARKB fund $29 million, VanEck's HODL $23.6 million and Bitwise's BITB $5.3 million. Only three products added cash over the five days: Fidelity's FBTC took in $42.8 million, MSBT $42.1 million and Invesco Galaxy's BTCO $4 million, while CoinShares' BRRR and WisdomTree's BTCW stayed flat. Tuesday itself was quieter than the sessions that preceded it: outside IBIT, FBTC and MSBT, no product reported activity, so the day's $95 million net figure rests on just three names. The monthly ledger is heavier still: issuer disclosures put November's net outflows through November 10 at $1.5777 billion, already more than three times the $515.9 million recorded across the whole of October. The lifetime picture puts the streak in scale. Since the products listed in January 2024, cumulative net inflows stand at $55.47 billion; BlackRock's IBIT has taken in $64.81 billion of that history while Grayscale's GBTC has shed $28.07 billion since its conversion. For the issuers, the split matters: the outflow weight sits on a single fund while Fidelity and Morgan Stanley's newer MSBT continue to take money in. Set against those totals, Tuesday's $95 million session is a modest draw, but the four-day run is intact heading into Wednesday's session, and the funds need an inflow day to break it.