Bitcoin ETFs Update: $577.74 Million Outflow Recorded as Total Assets Reach $134.53 Billion

TLDR

• Bitcoin ETFs saw $577.74M daily outflow, with total assets at $134.53B and inflows of $60.42B.
• BlackRock’s IBIT stayed flat, while Fidelity’s FBTC led outflows at $356.58M, dropping 5.47%.
• Grayscale’s GBTC lost $48.89M, ArkB outflow hit $128.07M as Bitcoin ETF prices fell over 5%.
• Bitwise’s BITB saw $7.10M outflow as Bitcoin ETF prices dropped between 5.48% and 5.57%.
• VanEck’s HODL led $17.04M outflow, Valkyrie, Franklin, and Invesco ETFs also recorded declines.

According to a recent SoSoValue update, Bitcoin ETF trading on November 4 recorded a total daily net outflow of $577.74 million. Cumulative total net inflow stood at $60.42 billion, with total value traded reaching $8.94 billion. Total net assets across all Bitcoin ETFs amounted to $134.53 billion, representing 6.69% of Bitcoin’s overall market capitalization.

IBIT Holds Steady as Fidelity’s FBTC Post Outflows

A deeper view of the report reveals that IBIT, listed on NASDAQ under BlackRock, recorded no daily inflow or outflow. It maintained cumulative net inflows of $64.72 billion with total net assets of $80.28 billion. Its market price closed at $57.18, marking a daily decline of 5.53%.

FBTC, traded on CBOE and managed by Fidelity, registered the largest single-day outflow of $356.58 million. Its cumulative net inflow remained at $12.08 billion while total assets reached $20.20 billion. The ETF traded at $87.81 per share, reflecting a 5.47% decrease.

Bitcoin ETFs GBTC, BTC, ARKB, and BITB Report Outflows Exceeding $184M

GBTC, operating on NYSE under Grayscale, posted a daily outflow of $48.89 million and a cumulative outflow of $24.73 billion. It held $17.21 billion in total assets with a market price of $78.87, down 5.54% for the day. BTC, another Grayscale product, showed zero inflow and a cumulative net inflow of $1.94 billion. It closed at $44.57, recording a 5.57% drop.

ARKB, managed by Ark & 21Shares on CBOE, reported a daily outflow of $128.07 million. Its cumulative inflow reached $1.91 billion, while total assets stood at $4.11 billion. Market price ended at $33.45, falling 5.48%. BITB, sponsored by Bitwise, registered a $7.10 million daily outflow with $2.31 billion in cumulative inflows. It traded at $54.77, dropping 5.54%.

VanEck’s HODL Reports $17.04 Million Outflow as Invesco, Valkyrie, and Franklin ETFs Follow

HODL, under VanEck on CBOE, recorded a $17.04 million outflow and $1.30 billion cumulative inflow. Its market price closed at $28.49, a 5.47% decline. BTCO by Invesco showed no inflow activity and a cumulative inflow of $204.06 million. Its total assets reached $620.48 million at a price of $100.39, down 5.54%.

BRRR from Valkyrie saw an $11.34 million outflow with $311.45 million in cumulative inflows. EZBC under Franklin posted an $8.72 million outflow and $332.75 million cumulative inflows. BTCW by WisdomTree had $48.92 million cumulative inflows, while DEFI by Hashdex recorded cumulative outflows of $1.45 million.

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