Bitcoin ETFs See $1.4 Billion Outflow Over Five Days
Institutional investors cut risk exposure amid global market instability and shrinking stablecoin supply.
Bitcoin exchange-traded funds in the United States have recorded five consecutive days of net outflows. Investors withdrew a total of $1.44 billion between November 5 and November 11. This trend reflects a cautious stance as investors navigate a landscape defined by heightened risk aversion.
Total outflows for November have already reached $1.88 billion. This movement occurs alongside a downturn in technology and artificial intelligence stocks. The total net assets of these funds dropped to $93.7 billion, a decline of approximately 45% from the peak recorded in October 2025.
Experts point to the reduced exposure as a direct response to waning appetite for risk assets. The average acquisition cost for Bitcoin ETF holders is estimated at around $81,000. This means that many investors are currently facing unrealized losses.
The lack of new buyers is worrying financial analysts. The supply of dollar-pegged stablecoins has shrunk by 1.9%, falling to $286.3 billion. This data indicates a decrease in the availability of fresh capital ready to enter the market.
Furthermore, the arbitrage strategy known as the basis trade has lost its appeal. The price spread between the spot and futures markets has fallen below borrowing costs. As a result, several funds have chosen to close their positions in this strategy.
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