Bitcoin ETF holders are taking profits after a six-day winning streak, with most ETFs experiencing outflows on November 14, but BlackRock’s ETF attracted an inflow of $126.5 million. Grayscale’s BTC product lost $69.6 million, and GBTC dropped by $5.3 million. The total outflow across all tracked ETFs amounted to $400.7 million for the day.
CryptoSlate data shows Bitcoin’s price decreased by 3.12% to $88,091.43. Despite the decline, it remains up 16.07% over the past week and 30.51% over the past month, with a market capitalization of $1.74 trillion. The recent outflows suggest investors are locking in gains after a significant rally, but BlackRock’s continued inflow shows some institutional interest.
The divergence in ETF flows highlights varying strategies among investors in response to market movements. Bitcoin is currently 6% below its recent all-time high of $93,311.31, and the overall market sentiment remains cautiously optimistic. The mix of profit-taking and selective investment indicates a dynamic market adapting to rapid changes.
