US spot Bitcoin exchange-traded funds (ETFs) saw $95 million in net outflows on Tuesday, extending the total to roughly $1.6 billion for November. Meanwhile, stock ETFs attracted significant inflows as investors capitalized on a market pullback. Over five trading sessions, all 17 of the top US-listed ETFs by inflows were equity funds, drawing roughly $12 billion per day, according to Bloomberg ETF analyst Eric Balchunas.
The biggest winners 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, marking its eighth consecutive session of outflows and bringing the total to about $1.73 billion over the streak. Morgan Stanley’s Bitcoin Trust ETF (MSBT) saw $20 million in inflows, but this was not enough to offset broader losses.
Bitcoin ETF outflows have slowed, dropping from $430 million on Thursday to $95 million on Tuesday. However, market conditions remain weak, with CryptoQuant’s Bitcoin Bull Score Index falling to 20 on Monday from 90 on October 13, indicating “extremely bearish” conditions. The analysts noted that apparent Bitcoin demand contracted by 284,000 BTC over 30 days, the fastest pace since March 2025. While similar conditions have preceded local market bottoms, a deeper correction remains possible, with $73,200 identified as a key support level.
At the time of publishing, Bitcoin traded at $73,998, down 1% over the past 24 hours and 5.2% over the past seven days.