Peter Smith
⬤ On November 12, Bitcoin and Ethereum spot ETFs saw heavy withdrawals. Bitcoin ETFs logged $277.98 million in net outflows, while Ethereum ETFs recorded $183.77 million leaving the funds. The charts show sustained red bars across both products, confirming steady selling pressure. At the time, BTC was trading near $101,539 and ETH around $3,416.
⬤ These outflows highlight the risks that come with capital rotation during uncertain market conditions. When investors pull money out of BTC and ETH ETFs at this scale, it can thin out liquidity, spike volatility, and set the stage for short-term price pullbacks—especially if institutional demand starts to cool. It's the kind of environment where investors often step back and wait for clearer signals before jumping back in.
⬤ The numbers tell the story. Both Bitcoin and Ethereum ETFs saw repeated downward spikes in net flows, meaning selling pressure clearly outweighed new money coming in. These aren't small moves—they reflect a meaningful shift in how institutional players are positioning themselves in the crypto market.
⬤ For anyone watching the market, simultaneous outflows from both BTC and ETH ETFs matter because these products are a direct window into institutional sentiment. When both are trending negative, it's a sign that big players are hitting pause, at least for now. That kind of caution can ripple through pricing, confidence, and overall risk appetite. Keeping an eye on ETF flow data remains one of the best ways to gauge where institutions stand—and where the market might be headed next.
Peter Smith
