Bitcoin ETFs Bleed $1.4B in Five Days as Investors Cut Risk

What happened: U.S. spot Bitcoin ETFs recorded five straight days of net outflows as investors pulled back from risk assets after a turbulent week for markets. Key numbers: $1.44 billion in outflows between November 5 and November 11, including $299.9 million on Wednesday. November net outflows total $1.88 billion. Why it matters: Analysts say the outflows are modest against $55.1 billion in cumulative net inflows, but warn that buying demand has dried up, with stablecoin supply contracting and the basis trade less attractive.

U.S. spot Bitcoin ETFs recorded five straight days of net outflows as investors pulled back from risk assets after a turbulent week for markets.

Analysts say the outflows are modest against $55.1 billion in cumulative net inflows, but warn that buying demand has dried up, with stablecoin supply contracting and the basis trade less attractive.