Bitcoin Spot ETF Investors Buy the Dip as Funds Lose $1.6B

Spot Bitcoin ETFs in the United States saw fresh outflows on Tuesday as investors reduced exposure to crypto while continuing to allocate heavily to traditional equities. According to SoSoValue, US-listed spot Bitcoin ETF net flows recorded approximately $95 million in net outflows, taking total net withdrawals since the start of November to roughly $1.6 billion. Even as ETF outflows eased for the third consecutive session, broader risk appetite across ETF markets remained concentrated in stocks. Bloomberg ETF analyst Eric Balchunas said stock-focused funds accounted for all 17 of the top US-listed ETFs by inflows over the previous five trading sessions—an environment that tends to siphon attention away from riskier, more volatile assets like Bitcoin. Key takeaways US spot Bitcoin ETFs logged about $95 million in net outflows on Tuesday, according to SoSoValue. Total net outflows from US spot Bitcoin ETFs since the start of November have reached roughly $1.6 billion. Stock ETFs dominated inflows, with 17 of the top US-listed funds by five-session inflows all tied to equities, Bloomberg’s Eric Balchunas said. CryptoQuant reports weakening “apparent demand” for Bitcoin, alongside an index reading that points to extremely bearish conditions. Equities absorb inflows as Bitcoin ETF withdrawals continue Tuesday’s withdrawals brought spot Bitcoin ETFs’ net outflows to a level that is starting to look structural rather than purely event-driven. While outflows fell from earlier in the week—CryptoQuant data cited by Cointelegraph showed larger daily outflows in the $400 million range before declining—investors have not flipped to net buying. Balchunas’ broader ETF read helps explain why. Over five trading sessions, US-listed ETFs pulled in roughly $12 billion per day on average, and the inflow leaders were overwhelmingly equity funds. The biggest beneficiaries included Vanguard’s S&P 500 ETF (VOO), Invesco’s Nasdaq-100 ETF (QQQ), and BlackRock’s iShares Core S&P 500 ETF (IVV). For spot Bitcoin ETFs specifically, withdrawals were again uneven across issuers but followed the same overall direction. IBIT extends outflow streak; MSBT sees modest inflows BlackRock’s iShares Bitcoin Trust (IBIT) recorded about $78 million in net withdrawals on Tuesday, according to Farside Investors. The outflow was its eighth consecutive trading session, and Farside data cited in the report put IBIT’s cumulative net outflows at roughly $1.73 billion over that streak. Not all funds were negative on the day. Morgan Stanley’s Bitcoin Trust ETF (MSBT) attracted approximately $20 million in net inflows on Tuesday, but the inflows were not enough to counteract the broader market trend pulling capital out of the broader spot Bitcoin ETF complex. For traders and allocators, these details matter less for directional “signals” and more for diagnosing whether outflows are broad-based or isolated. Here, the evidence points to continued—but gradually easing—risk reduction rather than a sudden rotation into crypto.