Bitcoin ETF Outflows Reach $201M as IBIT Logs Seventh Red Session

U.S. spot Bitcoin ETFs bled $201.0 million in net outflows on Monday, November 9, according to flow data from Farside Investors, even as major equity indexes staged a second straight day of gains. Bitcoin held near $74,200 early Tuesday UTC, barely moved over 24 hours after touching an overnight low around $74,100, per CoinGecko pricing.

The divergence is the story here. The S&P 500 rose roughly 2.3% on Monday, per Yahoo Finance data. The Dow Jones Industrial Average gained about 2.2%. The Nasdaq Composite climbed about 2.7%. Bitcoin did not print a matching bounce, which pointed to softer digital-asset demand even as traditional risk assets recovered.

What drove the redemptions?

BlackRock's iShares Bitcoin Trust (IBIT) led the damage. It saw $213.2 million in redemptions, marking its seventh consecutive session of net outflows. The figure outweighed the lone bright spot in the group.

• IBIT: $213.2 million in net outflows
• Morgan Stanley's MSBT: $22.1 million in net inflows
• ARK Invest and 21Shares' ARKB: $9.9 million in net outflows

Desks track these daily ETF prints because they offer the cleanest available read on regulated Bitcoin demand. A recent rebound session had briefly flipped the group green before selling resumed. That followed an earlier print of $74.6 million in inflows, which itself came after a heavy multi-day outflow stretch. The pattern suggests buyers are stepping in, but not sticking.

How hot was October's CPI?

Hotter than Wall Street wanted. Economists surveyed by Dow Jones expected October headline CPI to rise 0.3% month over month, with core CPI — which strips food and energy — forecast at 0.2%.

The U.S. Bureau of Labor Statistics reported the actual numbers came in above both. Headline CPI rose 0.4% in October, following a 0.6% gain in September. Core CPI rose 0.3%, matching September's monthly pace.

The details were broad rather than narrow. Food prices rose 0.5%. Energy prices rose 0.7%. Shelter costs rose 0.3% and accounted for more than 30% of the monthly headline increase.

What does this change for Bitcoin?

The practical question for traders is how these two forces interact. A hotter headline CPI lets markets reprice Federal Reserve rate expectations, which typically tightens conditions for risk assets across the board. Bitcoin now sits between that macro pressure and its own structural demand problem — persistent ETF outflows that keep capping spot demand.

Neither force has resolved. IBIT's seven-session streak shows institutional redemption pressure has not exhausted itself, and the inflation print gives the Fed reason to stay restrictive for longer. Bitcoin's next move hinges on whether risk appetite broadens and whether fund flows finally flip back to net inflows — the print worth watching when the next daily ETF tally lands.