As Bitcoin ETF outflows reach $1.6 billion this month, investors are shifting capital into equity funds like VOO and QQQ, which have dominated recent inflows amid a broader market pullback.
US spot Bitcoin ETFs lost about $1.6 billion since the start of November, and CryptoQuant's Bull Score Index fell to 20 from 90 on Oct. 13, signaling extremely bearish demand. Bitcoin traded at $73,998, down 1% in 24 hours and 5.2% over seven days, with $73,200 flagged as key support. Outflows are easing ($430M Thursday to $95M Tuesday), which argues against an immediate further leg down.
IBIT recorded $78 million in net withdrawals on Tuesday, its eighth straight session of outflows, totaling about $1.73 billion over the streak. Sustained redemptions of this scale typically pressure the fund's flows and sentiment further. However, the broader Bitcoin ETF outflow pace is easing, which could slow the bleeding.
All 17 of the top US-listed ETFs by inflows over five sessions were equity funds, with US-listed ETFs attracting roughly $12 billion per day. VOO is named among the biggest beneficiaries as investors 'devoured' the dip, signaling strong demand support. Sustained dip-buying flows tend to cushion or lift the fund's underlying market.
QQQ is explicitly named among the biggest beneficiaries of the $12 billion-per-day equity ETF inflows over five sessions, with all top 17 funds by inflows investing in equities. Aggressive dip-buying is a demand tailwind for the fund. The pullback backdrop means inflows reflect contrarian buying rather than a strong market.
MSBT attracted $20 million in inflows on Tuesday, the rare Bitcoin fund taking in money amid category-wide outflows. However, the article notes the inflows were insufficient to offset broader losses, limiting the significance. A modest one-day figure does not materially change the fund's outlook.
US spot Bitcoin ETFs have seen $1.6 billion in outflows since November began, with BlackRock's IBIT recording its eighth consecutive day of withdrawals. Conversely, investors are aggressively buying the dip in equity markets, with stock-based ETFs capturing the top 17 spots for inflows over the past five trading sessions.
US spot Bitcoin ETFs recorded $95 million in net outflows on Tuesday, bringing November losses to roughly $1.6 billion, while investors shifted into stock funds during the market pullback.
Indicators remain weak, with CryptoQuant calling conditions extremely bearish, but it also notes similar setups have preceded local bottoms; $73,200 is the key support to watch.
About $1.73 billion in net outflows over eight straight trading sessions, including $78 million on Tuesday.
Equity ETF investors pounced on the dip: stock funds took all 17 top spots for inflows over five sessions as US-listed ETFs pulled in about $12 billion per day.
Yes, it was among the biggest beneficiaries as stock funds took all 17 top spots by inflows over five trading sessions.