US spot bitcoin ETFs lost $115.56 million on Tuesday, 3 November, a third straight session of withdrawals. TokenPost, citing SoSoValue, said the streak began on 30 October and that Tuesday's exit was about 71% smaller than the previous session. Monday's outflow was $398.6 million, in Monday's ETF note. Friday 30 October was $643.3 million, in the 2 November note. The three sessions add up to about $1.16 billion.
IBIT sells while three smaller funds buy
Three of 12 funds took money in. Bitwise BITB added $21.92 million, Fidelity FBTC added $6.76 million, and Morgan Stanley MSBT added $3.34 million. BlackRock's IBIT lost $94.98 million. Grayscale's BTC fund lost $52.60 million. IBIT's withdrawal was larger than the combined inflows at the three funds that gained money. Trading volume was $1.46 billion. IBIT accounted for $1.08 billion, FBTC for $179.08 million, and Grayscale's GBTC for $91.09 million.
November already matches October's withdrawals
Net assets stood at $99.16 billion, about 6.33% of bitcoin's market value. Cumulative net inflows since launch were $56.47 billion. IBIT held $62.55 billion of that, FBTC $13.51 billion, and GBTC $9.69 billion. CoinDesk, also citing SoSoValue, said October's spot bitcoin ETFs recorded $515 million of outflows, and that the first two trading days of November had already seen about the same amount leave. Monday plus Tuesday is about $514 million. Bitcoin's rebound toward $78,300 is in today's price note. Tuesday's funds stayed negative through the dip under $76,000. The daily loss is much smaller than Friday or Monday. Follow fund flows on the markets desk.