Bitcoin and Ether ETFs Lose $385.6M on November 9
US spot Bitcoin ETFs lost $201.08 million on November 9, while Ether funds shed $184.51 million. Both groups recorded a third consecutive outflow session.
Key Notes
- US Bitcoin ETFs recorded $201 million in net outflows for November 9.
- Ether funds lost $185 million, bringing the two groups’ combined withdrawals to about $386 million.
- Farside’s data show a third consecutive outflow session for both categories.
US spot Bitcoin and Ether exchange-traded funds recorded combined net outflows of $385.59 million on Monday, November 9, extending a run of withdrawals across both major crypto fund categories.
Bitcoin products lost $201.08 million, while Ether funds shed $184.51 million, according to SoSoValue figures reported by CoinGabbar. The combined total is calculated by CoinScreamer from those two figures and excludes ETFs tracking other cryptocurrencies.
BlackRock Funds Lead the Withdrawals
Farside Investors’ rounded Bitcoin data show BlackRock’s IBIT losing approximately $213.2 million, more than the Bitcoin group’s net outflow. ARK and 21Shares’ ARKB recorded another $9.9 million in withdrawals.
Morgan Stanley’s MSBT partly offset those redemptions with a $22.1 million inflow. The remaining Bitcoin funds on Farside’s table recorded zero net flows for the session.
Its Ether figures show BlackRock’s ETHA leading withdrawals at about $119.3 million. Grayscale’s ETH product lost $25 million, BlackRock’s separate ETHB fund shed $20.8 million and Fidelity’s FETH lost $19.1 million.
21Shares’ TETH recorded a $2 million outflow, while Morgan Stanley’s MSSE attracted $1.6 million. These fund-level amounts are Farside’s rounded estimates, separate from the SoSoValue category totals.
Outflows Continue After a Weak Prior Week
Both categories have now recorded three consecutive trading sessions of net withdrawals, according to Farside. Monday’s Bitcoin outflow was smaller than Friday’s $411.9 million, while Ether redemptions increased from $93.3 million in the preceding session.
Across those three sessions, Farside’s figures put cumulative withdrawals at approximately $1.04 billion for Bitcoin funds and $377.8 million for Ether funds. These are calculated totals for November 5, 6 and 9.
The latest withdrawals follow the weekly fund retreat CoinScreamer covered for November 2–6. Over those five sessions, Bitcoin ETFs lost approximately $1.28 billion and Ether products lost $365.2 million, based on Farside’s daily data.
A brief November 4 inflow had interrupted the selling. Both groups attracted money that Wednesday, but subsequent withdrawals outweighed the improvement. Monday’s figures extend that renewed outflow streak into the following week.
How ETF Share Creations and Redemptions Work
Net flows measure the balance of ETF share creations and redemptions. They differ from trading volume, which includes investors buying and selling existing shares on an exchange, and from changes in assets under management caused by cryptocurrency price moves.
The SEC approved in-kind transactions for Bitcoin and Ether products in July 2025. That allows authorized participants to exchange fund shares for cryptocurrency, rather than requiring every redemption to use cash.
Consequently, the $385.59 million total does not establish an equivalent immediate sale on crypto exchanges or a loss of that amount in market value. Nor does it identify every investor who redeemed. The fund-level figures show that withdrawals were concentrated, with Morgan Stanley’s products attracting money even as both categories finished negative.
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