Bitcoin ETFs Inflow End with $400M Outflows: What to Know

Spot Bitcoin ETFs in the United States experienced their first net outflow since Donald Trump’s election as president, marking the end of an inflow streak that began on Nov. 5. According to data from Farside Investors, 11 Bitcoin ETFs collectively posted a $400.7 million outflow on Nov. 14, coinciding with a 2% drop in Bitcoin’s price to $88,200.

Significant Outflows Across Top Bitcoin ETFs

The largest outflow was from Fidelity’s Bitcoin ETF, which recorded $179.2 million in withdrawals. The ARK and 21Shares joint ETF followed with $161.7 million, while Bitwise’s ETF saw $113.9 million in outflows.

Grayscale’s Bitcoin Trust and its mini version reported combined outflows of $74.9 million. Despite the broader decline, BlackRock’s iShares Bitcoin Trust ETF stood out, attracting $126.5 million in net inflows.

Also, VanEck’s Bitcoin ETF posted $2.5 million in inflow. Notably, the crypto market’s performance mirrored political events. Bitcoin rallied nearly 30% from $68,000 to $93,500 between Nov. 5 and Nov. 13, spurred by what crypto market players term “Trump trade.”

The surge came amid optimism surrounding pro-crypto policies and promises to stimulate the economy.

Rally Ends After Record Inflows

These outflows mark a significant shift in market sentiment following sustained inflows during Bitcoin ETFs’ historic growth phase. Previously, Bitcoin ETFs recorded their highest-ever daily inflow of $1.37 billion on Nov. 7.

The last notable outflow from Bitcoin ETFs occurred on election day, Nov. 5, amid market uncertainty surrounding the presidential race. However, once Trump’s victory was confirmed, inflows surged as investors anticipated economic growth and regulatory clarity.

Like Bitcoin ETFs, like Ether ETFs

Like Bitcoin ETFs, spot Ether ETFs also saw outflows for the first time since Trump’s win. A total of $3.2 million exited Ether ETFs on Nov. 14, with Ether’s (ETH) price dropping nearly 5% to trade below $3,100.

Grayscale’s Ethereum Trust ETF led with $21.9 million in outflows. Conversely, BlackRock’s iShares Ethereum Trust attracted $18.9 million in inflows, and Invesco’s Ether ETF saw a $900,000 inflow.

Bitcoin Price Will Not Dip to $60,000 – Saylor

Meanwhile, MicroStrategy founder and Bitcoin advocate Michael Saylor remains optimistic about Bitcoin’s trajectory, asserting that it will not dip to $60,000 as speculated by some analysts. In a recent interview, Saylor said, “I don’t think it is going to $60,000, it is not going to $30,000; I think it is going to go up from here.” 

Saylor expressed no concerns about near-term threats to Bitcoin’s upward movement. He added that Donald Trump’s re-election solidified the regulatory outlook for cryptocurrency in the United States. 

Saylor also revealed plans for a celebration when Bitcoin hits $100,000, suggesting the milestone could occur as early as December. Other market observers echo Saylor’s optimism.

Keith Alan, co-founder of Material Indicators, suggested Bitcoin could reach $100,000 as soon as Nov. 28, coinciding with the Thanksgiving holiday in the United States. 

Mixed Opinions on BTC’s Price Action

However, CryptoQuant CEO Ki Young Ju cautioned that Bitcoin could end the year below $59,000, citing concerns over an overheated futures market. Pseudonymous trader Ash Crypto predicted more liquidations but maintained that Bitcoin would continue setting new highs. 

Saylor also commented on the regulatory changes under the Trump administration. He said that pro-crypto policies could create a “digital assets framework” and end what he described as the “war on crypto.” 

US’ Bitcoin Reserve Strategy

During the Cantor Crypto, Digital Assets & AI Infrastructure Conference, Saylor expressed his support for the proposed US Bitcoin Reserve Bill, calling it the “greatest deal of the 21st century.” The bill aims to accumulate 1 million BTCs, or 5% of the total supply, for the United States over five years. 

The MicroStrategy founder claimed that the legislation could generate up to $30 trillion in economic benefits over 21 years if enacted. Despite Saylor’s enthusiasm, Galaxy Digital founder Mike Novogratz argued there’s a “low probability” that President-elect Trump would implement a Bitcoin strategic reserve.

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