- IBIT ETF saw the largest outflow, -$463.10 million, and a 3.80% price drop, despite strong cumulative inflows of $63.79 billion.
- Grayscale ETFs experienced declines, with GBTC seeing a -$25.09 million outflow and BTC a minor gain of $4.17 million in inflows.
- FBTC and ARKB ETFs faced modest losses while maintaining relatively stable net assets compared to other Bitcoin investment products.
As of November 14, a recent update by SoSoValue reveals that Bitcoin-related investment products have shown significant market activity, with some reporting losses and others maintaining steady positions. A total net inflow of -$492.11 million was recorded for the day, while cumulative net inflows across all products stood at $58.85 billion. The total value traded on this day was $6.95 billion, and the total net assets for these products reached $125.34 billion, representing 6.67% of Bitcoin’s overall market cap.
IBIT ETF Reports Major Outflow Amid Market Decline
A deeper analysis reveals that the IBIT ETF, traded on NASDAQ and managed by BlackRock, saw a -0.69% premium/discount. For the day, the ETF reported a significant net outflow of -$463.10 million, contributing to its cumulative net inflows of $63.79 billion. The ETF’s net assets are currently valued at $74.98 billion, accounting for 3.97% of Bitcoin’s market share.
The FBTC ETF, listed on CBOE and sponsored by Fidelity, posted a premium/discount of -0.29%. The ETF experienced a modest daily net outflow of -$2.06 million, with cumulative inflows totaling $11.91 billion. Its net assets stand at $18.86 billion, representing 1% of Bitcoin’s market share. FBTC’s price dropped by 3.84% on the day, and its trading volume reached $737.28 million.
Grayscale ETFs Experience Continued Decline
GBTC ETF, a Grayscale product listed on the NYSE, recorded a minor premium/discount of -0.02%. It saw a daily net outflow of -$25.09 million, with cumulative net inflows of -$24.86 billion. The ETF’s net assets are valued at $15.99 billion, which constitutes 0.86% of Bitcoin’s market share. GBTC saw a 3.78% drop in its price, with $415.42 million traded.
BTC, another Grayscale product, reported a premium/discount of -0.01%. It had a positive daily net inflow of $4.17 million, along with 43.96 BTC in cumulative inflows. The net assets of BTC stand at $1.68 billion, equating to 0.24% of Bitcoin’s market share. Despite a small inflow, BTC saw a 3.78% drop in its price, and the ETF traded $147.98 million.
ARKB and BITB ETFs: Modest Drops with Steady Assets
The ARKB ETF, traded on CBOE by Ark & 21Shares, showed a -0.67% premium/discount. No significant inflows or outflows were reported for the day. The ETF’s net assets are valued at $1.91 billion, representing 0.20% of Bitcoin’s market share. ARKB’s price decreased by 3.77%, with a trading volume of $241.97 million.
The BITB ETF, listed on NYSE and managed by Bitwise, reported a -0.67% premium/discount with no net inflows recorded for the day. Its net assets are valued at $2.28 billion, representing 0.20% of Bitcoin’s market share. The price of BITB dropped by 3.77%, and it traded $171.35 million in volume.
HODL, managed by VanEck and traded on CBOE, posted a -0.68% premium/discount. No major movement in net inflows was observed for the day. BTCO, listed on CBOE and managed by Invesco, reported no change in its premium/discount. No significant inflows were recorded for the day. The ETF’s cumulative net inflows stand at $173.25 million, with net assets of $551.24 million.
BRRR, EZBC, and BTCW ETFs See Price Drops
The BRRR ETF, listed on NASDAQ by Valkyrie, saw a -0.73% premium/discount. It experienced a daily net outflow of -$6.03 million, and its net assets are valued at $551.24 million. EZBC, managed by Franklin, reported a -0.80% premium/discount. There were minimal changes in net inflows, and the product’s net assets stand at $543.66 million. The price dropped by 3.79%, and the ETF traded $27.00 million.
BTCW, listed on CBOE and managed by WisdomTree, posted a -0.57% premium/discount. The ETF experienced a daily net outflow of -$6.03 million, with cumulative net inflows of $42.90 million. DEFI, managed by Hashdex and listed on the NYSE, saw a major drop in price of 4.07%. It reported no inflow for the day, and its net assets are valued at $12.78 million. Several ETFs, such as IBIT and FBTC, maintained strong net assets despite their losses. The market continues to reflect the volatility within Bitcoin-related investments, highlighting both inflows and outflows across a range of products.
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