Bitcoin rebound faces fund selling as ETF withdrawals persist
Crypto.news reports Farside Investors data showed United States spot Bitcoin ETFs lost 115.6 million dollars on November 3, following withdrawals of 398.6 million dollars on November 2 and 643.2 million dollars on October 30. The outflows left Bitcoin's post-election rebound competing with continued institutional selling.
United States spot Bitcoin ETFs saw $115.6 million in withdrawals on November 3, extending their outflow streak to three consecutive sessions, according to crypto.news, citing Farside Investors data.
Withdrawals ease but remain negative
The November 3 outflow followed withdrawals of $398.6 million on November 2 and $643.2 million on October 30. The latest figure was smaller than either of the preceding sessions, but flows remained negative.
That distinction matters for interpreting the trend: the reported figures show a reduction in withdrawals, not a return to net inflows.
Rebound meets continued selling
According to crypto.news, the withdrawals left Bitcoin’s post-election rebound facing continued institutional selling. The price recovery and ETF flow data therefore pointed in different directions, rather than offering a uniform signal about demand.
What it means for prediction markets
- For contracts tied to Bitcoin prices, the rebound and continued ETF withdrawals provide competing signals; neither alone establishes the next price move.
- For ETF-flow contracts, the key distinction is between smaller outflows and positive inflows. November 3 showed the former.
- The three-session sequence is relevant to near-term flow expectations, but the supplied data do not establish whether withdrawals will continue.
Sources & attribution
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- crypto.newscrypto.news
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- Farside data via crypto.news
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