US Bitcoin (BTC) ETFs Shed $284 Million in a Sixth Straight Session

IBIT Carries the November 12 Outflow

Investors withdrew $284.10 million net from United States spot Bitcoin (BTC) ETF funds in the single session of Thursday, November 12, the sixth consecutive trading day of outflows since the run began on November 5. Issuer creation and redemption disclosures, the daily record of shares purchased into and cashed out of each product, put the cumulative drain across those six sessions at $1.72 billion. A negative figure means redemptions outpaced creations, so cash left the funds rather than entered them. Because these products buy or sell BTC to match creations and redemptions, a sustained negative balance translates directly into spot selling pressure.

BlackRock's IBIT carried the bulk of the day, surrendering $203.80 million, more than seventy percent of the session's net total. Every other product that recorded activity also bled: Fidelity's FBTC lost $32.60 million, Bitwise's BITB $26.40 million, the ARK Invest and 21Shares vehicle ARKB $18.50 million, and VanEck's HODL fund $6.10 million. Morgan Stanley's MSBT was the only fund to take money in, adding $3.30 million. Redemptions of this size inside one session sit at whale scale, the kind of flow that moves through a small number of institutional tickets rather than a broad retail tape.

Fund	Issuer	November 12 net flow
IBIT	BlackRock	-$203.80M
FBTC	Fidelity	-$32.60M
BITB	Bitwise	-$26.40M
ARKB	ARK Invest, 21Shares	-$18.50M
HODL	VanEck	-$6.10M
MSBT	Morgan Stanley	+$3.30M

The strongest support under the market now sits at $67,946, scored 76 out of 100 on our composite support and resistance rating, and spot trades roughly $270 above it. Resistance is heavier: the $71,998 ceiling carries a 95 out of 100 score, the highest of any level on the board, so recoveries face a steeper test than the downside does. Momentum is stretched, with the RSI at 24.6, while perp funding at 0.0038% remains near neutral, which reads as a spot-led sell-off rather than a leveraged one. A daily close below $67,946 would mark a breakdown, and the fuller Bitcoin technical analysis page tracks how these levels score session by session.

The selling lands on a Bitcoin market already moving lower. The Bitcoin price stands near $68,216, down 4.5% over the past 24 hours and a further 2.1% since the flow figures were published at 13:50 UTC.

November's Ledger and the Post-Launch Record

The month-to-date figure frames the streak's weight: November has recorded $2.16 billion in net outflows through November 12, already more than four times the $515.90 million that left the products across the whole of October. Within the five-session window of November 6 to 12, which the disclosures date separately, net outflows reached $1.29 billion, and IBIT alone accounts for $1.17 billion of that, roughly ninety percent of the total. Grayscale's GBTC, the high-fee conversion fund, contributed another $50.20 million across the same five sessions and remains the complex's structural drain.

The longer ledger still runs positive. Since the products began trading in January 2024, cumulative net inflows across the complex stand at $54.89 billion. IBIT has absorbed $64.34 billion on its own, the largest share of any issuer, while GBTC has surrendered $28.11 billion since its conversion, the biggest single-fund outflow in the group's history. The gap between those two numbers shows how uneven the post-launch era has been, with money entering through low-fee products even as the legacy fund bled. Flat on November 12 were Grayscale's Bitcoin (BTC) fund, CoinShares' BRRR, Franklin Templeton's EZBC, Invesco Galaxy's BTCO and WisdomTree's BTCW, each showing zero for the day despite positive cumulative records.

The tape looked different earlier in the quarter. Bitcoin's October advance came as it rallied after October PPI cooled to 0.3%, and caution had appeared on the longer timeframe before that, when the weekly MACD histogram turned negative. Set against this week's disclosures, the sequence shows the ETF channel shifting from buyer to seller as the streak built.

The window this report closes on is the six-session run of November 5 through November 12: $1.72 billion out in total, $284.10 million of it on the final session, and no day of net inflows anywhere inside the stretch.