US spot Bitcoin exchange-traded funds (ETFs) recorded $95 million in web outflows on Tuesday as buyers poured billions of {dollars} into inventory funds throughout a market pullback.
Tuesday’s withdrawals introduced web outflows from US spot Bitcoin (BTC) ETFs to roughly $1.6 billion because the begin of November, in accordance to SoSoValue knowledge.
Bitcoin ETF outflows eased for a 3rd straight session, whereas inventory funds accounted for all 17 of the highest US-listed ETFs by inflows over 5 buying and selling periods, based on Bloomberg ETF analyst Eric Balchunas.
Equity ETF buyers “devoured” the dip
US-listed ETFs attracted roughly $12 billion per day over these 5 periods, with all 17 of the highest funds by inflows investing in equities, Balchunas mentioned on X on Tuesday.
The largest beneficiaries included Vanguard’s S&P 500 ETF (VOO), Invesco’s Nasdaq-100 ETF (QQQ) and BlackRock’s iShares Core S&P 500 ETF (IVV).
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $78 million in web withdrawals Tuesday, its eighth straight buying and selling session of outflows. The fund recorded about $1.73 billion in web outflows over the streak, in accordance to Farside Investors.
Morgan Stanley’s Bitcoin Trust ETF (MSBT) attracted $20 million Tuesday, though the inflows have been inadequate to offset broader losses.
Bitcoin demand weakens as ETF outflows ease
Daily web outflows from Bitcoin ETFs outflows slowed from $430 million Thursday and $412 million Friday to $201 million Monday and $95 million Tuesday, however broader market indicators remained weak, based on CryptoQuant.
CryptoQuant’s Bitcoin Bull Score Index dropped to twenty on Monday from 90 on Oct. 13, signaling “extremely bearish” circumstances, based on a Tuesday report seen by Cointelegraph.
Related: Bitcoin nears 11-week low after ‘discouraging’ US CPI inflation beat
The analysts reported that obvious Bitcoin demand contracted by 284,000 BTC over 30 days, the quickest tempo since March 2025. CryptoQuant mentioned comparable circumstances have preceded native market bottoms however warned {that a} deeper correction stays potential, figuring out $73,200 as a key Bitcoin assist degree.
At publishing time, Bitcoin traded at $73,998, down 1% over the previous 24 hours, and down 5.2% over the previous seven days, in accordance to CoinGecko.
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Content Source: cointelegraph.com
