US spot Bitcoin exchange-traded funds recorded $95 million in net outflows on Tuesday, bringing their outflows since the start of November to roughly $1.6 billion, according to SoSoValue data. The daily outflow was smaller than in the previous three sessions. Morgan Stanley’s Bitcoin Trust ETF took in $20 million, but that did not offset losses across the funds.
Bloomberg ETF analyst Eric Balchunas said US-listed ETFs attracted about $12 billion a day over five trading sessions, and equity funds held all 17 top spots for inflows. CryptoQuant reported that apparent Bitcoin demand contracted by 284,000 BTC over 30 days. It said similar conditions have preceded local market bottoms, but warned that a deeper correction remained possible.
