BlackRock's IBIT supplied $269.7 million of the November 11 total and Grayscale's GBTC another $39.1 million, while Morgan Stanley's MSBT was the only fund taking money in. Three of the twelve funds accounted for the whole session and the other nine were flat.
US spot bitcoin exchange-traded funds recorded $299.9 million in net outflows on Wednesday, November 11, a fifth consecutive session of withdrawals and more than three times the previous day's total, according to SoSoValue data reported by TokenPost. BlackRock's iShares Bitcoin Trust accounted for $269.73 million of that figure. Farside Investors put the session at $299.8 million with $269.7 million from IBIT, in figures reported by BH News.
The session broke a narrowing pattern. Withdrawals had shrunk across the three sessions before it, down to $95.0 million on Tuesday. Wednesday's figure is about 3.2 times that, by TokenPost's comparison within the same SoSoValue series.
Three of the twelve funds moved. IBIT lost $269.73 million, Grayscale's GBTC lost $39.13 million, and Morgan Stanley's MSBT took in $8.96 million, the only subscription in the group. Those three figures reconcile exactly to the day's $299.90 million net total.
IBIT's $269.73 million is about 90 percent of the session's net outflow, taking both numbers from SoSoValue's series. BH News describes the same share as nearly 90 percent on the Farside figures. Tuesday was IBIT's eighth consecutive session of redemptions, which makes Wednesday the ninth.
BH News put the five-session run at $1.44 billion of net withdrawals, without naming a provider for that total. It is consistent with the $1.14 billion recorded across the first four sessions plus Wednesday's figure.
The run began on November 5 with $430.2 million of net outflows, a session in which no fund in the group took in money at all, and continued on November 6 with $411.9 million, the week that erased the inflows the funds had accumulated across the rest of 2026. SoSoValue put the group about $914.1 million negative for the year after that session, and every session since has been negative.
The group turned over $2.27 billion of shares on Wednesday, of which IBIT handled $1.79 billion, FBTC $229.13 million and GBTC $104.94 million, on SoSoValue's count. IBIT therefore carried about 79 percent of the group's turnover as well as about 90 percent of its net outflow. FBTC traded more than $229 million of shares while its creations and redemptions netted to nothing, which is the difference between secondary-market activity and money entering or leaving a fund.
The group's net assets stood at $93.70 billion after the session, about 6.24 percent of bitcoin's market capitalization. IBIT holds $58.71 billion of that, roughly 63 percent of the total, with FBTC at $12.98 billion and GBTC at $9.19 billion. Cumulative net inflows since the funds launched remain $55.10 billion, a measure that covers their whole history and not the year-to-date position.
MSBT launched in April at an annual fee of 0.14 percent, below every competing spot bitcoin ETF at the time, and drew $103 million in its first six trading days. It was also the only fund shown taking money in on Tuesday. Its $8.96 million subscription stood against $308.86 million of combined redemptions at IBIT and GBTC.
BH News also reported a $144.8 million net outflow from US spot ether ETFs, with BlackRock's ETHA supplying $129.8 million of it, or about 90 percent, a concentration close to IBIT's on the bitcoin side. ETHB accounted for $5.3 million, ETHW $4.8 million, FETH $4.1 million and EZET $0.8 million, with the remaining ether funds flat. That report presents the ether figures alongside the November 11 bitcoin data without dating the ether block separately.
KuCoin's daily market report put bitcoin at $74,013 as of 00:00 UTC on November 12, up 0.28 percent over the preceding 24 hours, and ether at $2,056. Bitcoin had fallen below $74,000 late on Sunday, to about $73,761 on CoinDesk's price data.
The other nine funds in the group recorded no net flow at all on Wednesday. BH News, citing Farside, names FBTC, the Grayscale Bitcoin Mini Trust, Bitwise's BITB and the Ark 21Shares fund ARKB among them, each at zero for the session.
