On November 3, Eastern Time, Bitcoin spot ETFs recorded net
SoSoValue data shows that on November 3 US Eastern Time, Bitcoin spot ETFs saw total net outflows of $116 million, marking 3 consecutive days of net outflow; Ethereum spot ETFs saw net outflows of $85.3462 million yesterday, for 7 consecutive days. Over the same period, OKX market data shows BTC breaking above 78,000 USDT; because the two news flashes were published at different times, their quotes and 24H gains differ.
Event Timeline
- [11-03 21:43] BTC breaks above 78,000 USDT, 24H gain 1.31% (Odaily Planet Daily)
- [11-04 05:04] On November 3 US Eastern Time, Bitcoin spot ETFs saw total net outflows of $116 million, with 3 consecutive days of net outflow (Wu Shuo)
- [11-04 05:50] BTC breaks above 78,000 USDT, 24H gain 1.63% (Odaily Planet Daily)
Background and Impact
The Bitcoin spot ETF fund flow data for November 3 US Eastern Time was disclosed in the early hours of November 4 Beijing time. According to Wu Shuo citing SoSoValue data, on November 3 US Eastern Time, Bitcoin spot ETFs saw total net outflows of $116 million, marking 3 consecutive days of net outflow; in the same data set, Ethereum spot ETFs saw total net outflows of $85.3462 million yesterday, already 7 consecutive days of net outflow. This means that under this statistical scope, both Bitcoin and Ethereum spot ETFs were in a state of net capital redemption within their respective windows, with Ethereum spot ETFs having the longer streak of consecutive net outflow days.
On the price side, Odaily Planet Daily at 21:43 on November 3, citing OKX market data, said BTC broke above 78,000 USDT and was trading at 78,006.3 USDT