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Stock ETF buyers pounce on dip as Bitcoin funds bleed $1.6 billion

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Stock ETF buyers pounce on dip as Bitcoin funds bleed $1.6 billion

US spot Bitcoin ETFs have lost $1.6 billion in November, while stock funds attracted billions of dollars from investors buying the dip.

US spot Bitcoin exchange-traded funds (ETFs) recorded $95 million in net outflows on Tuesday as investors poured billions of dollars into stock funds during a market pullback.

Tuesday’s withdrawals brought net outflows from US spot Bitcoin (BTC) ETFs to roughly $1.6 billion since the start of November, according to SoSoValue data.

Bitcoin ETF outflows eased for a third straight session, while stock funds accounted for all 17 of the top US-listed ETFs by inflows over five trading sessions, according to Bloomberg ETF analyst Eric Balchunas.

US-listed ETFs attracted roughly $12 billion per day over those five sessions, with all 17 of the top funds by inflows investing in equities, Balchunas said on X on Tuesday.

The biggest 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 net withdrawals Tuesday, its eighth straight trading session of outflows. The fund recorded about $1.73 billion in net outflows over the streak, according to Farside Investors.

Morgan Stanley’s Bitcoin Trust ETF (MSBT) attracted $20 million Tuesday, although the inflows were insufficient to offset broader losses.

Daily net outflows from Bitcoin ETFs outflows slowed from $430 million Thursday and $412 million Friday to $201 million Monday and $95 million Tuesday, but broader market indicators remained weak, according to CryptoQuant.

CryptoQuant’s Bitcoin Bull Score Index dropped to 20 on Monday from 90 on Oct.


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