Bitcoin held near $74,000 on Wednesday, 11 November, after US spot bitcoin ETFs lost another $95 million and November withdrawals reached about $1.6 billion. The CME CF Bitcoin Real Time Index on Investing.com showed $74,033, up 0.44% on the session, after a low of $73,121 and a high of $74,070. Cointelegraph had the coin at $73,998 when it published, down 1% over 24 hours and 5.2% over seven days. Tuesday's slide toward $73,500 after the hot CPI print is in yesterday's markets note.
Spot bitcoin ETFs lost $95 million on a fourth straight day
Tuesday's $95 million withdrawal was the fourth day in a row of net outflows, Bitcoin.com News said, citing SoSoValue. That print took 2026 net outflows past $1.1 billion. Total assets in the funds stood near $92.82 billion. Cointelegraph put November's running loss at roughly $1.6 billion. The daily bleed has slowed, from $430 million on Thursday and $412 million on Friday to $201 million on Monday and $95 million on Tuesday, but the month is still red on six of seven sessions. The only inflow day was 4 November, when Fidelity's FBTC took in $236.7 million.
BlackRock's iShares Bitcoin Trust did most of the selling. Cointelegraph, citing Farside Investors, said IBIT lost $78 million on Tuesday, an eighth straight session, and about $1.73 billion across that streak. Morgan Stanley's Bitcoin Trust took in $20 million on Tuesday, which was not enough to offset the rest of the group. US spot ether ETFs lost $1.3 million, also a fourth straight day. Last week's swing through zero for the year is in Friday's flow note.
Stock funds took in the cash bitcoin funds lost
The split with equities is now the clearer fact. Bloomberg ETF analyst Eric Balchunas said US-listed ETFs drew roughly $12 billion a day over five sessions, and all 17 of the largest funds by inflows were stock products, Cointelegraph reported. Vanguard's S&P 500 ETF, Invesco's Nasdaq-100 ETF, and BlackRock's iShares Core S&P 500 ETF led. Bitcoin did not get that dip-buying. CryptoQuant's Bitcoin Bull Score fell to 20 on Monday from 90 on 13 October, a reading the firm called extremely bearish. Apparent demand contracted by 284,000 BTC over 30 days, the fastest pace since March 2025. The same note flagged $73,200 as a level to watch. Wednesday's low of $73,121 sat just under it before the bounce.
Rates, ether, and the next data point
The macro backdrop did not ease. Goldman Sachs now expects a quarter-point Fed hike in December and another in March 2027, covered in today's economy briefing. Ether held near $2,056 after Tuesday's drop to a 60-session low of $2,002. Zcash traded under $1,000, near $988. Both are in today's altcoin note. US bond markets are shut for Veterans Day, so Treasury yields will not reprice until Thursday. Producer prices arrive on Friday, 13 November. Gold near $4,051 and Brent back toward $92 are in the commodities update. Follow the session on the markets desk.