Bitcoin ETF Outflows Hit $201M as Price Holds Near $74,200

Bitcoin ETF outflows hit about $201 million on Monday while Bitcoin held near $74,200 on Tuesday. The largest cryptocurrency failed to match Monday's rebound in U.S. stocks. Traders then digested October CPI that printed hotter than the pre-release forecast. That mix leaves Bitcoin news readers watching fund demand and Fed odds together.

Bitcoin Stays Flat as U.S. Stocks Rebound

Bitcoin traded near $74,200 early Tuesday UTC after an overnight low near $74,100, per CoinGecko Bitcoin pricing. The move left BTC little changed over 24 hours. Major U.S. indexes had already staged a sharp Monday recovery.

The S&P 500 rose about 2.3% on Monday, per Yahoo Finance S&P 500 history. The Dow Jones Industrial Average gained about 2.2%. The Nasdaq Composite climbed about 2.7%. The advance was the second straight session for the S&P 500 and clawed back part of the prior week's losses.

Bitcoin did not print a matching bounce. The gap pointed to softer digital-asset demand even as traditional risk assets recovered. Flow data helped explain why.

Bitcoin ETF Outflows Extend the Redemption Streak

U.S. spot Bitcoin ETFs recorded $201.0 million in net outflows on Monday, November 9, per Farside Investors. BlackRock's iShares Bitcoin Trust (IBIT) led with $213.2 million in redemptions. That was IBIT's seventh straight session of net outflows.

Morgan Stanley's MSBT took in $22.1 million. ARK Invest and 21Shares' ARKB saw $9.9 million leave. IBIT's withdrawals outweighed the Morgan Stanley inflow, so the group stayed negative. Desks watch these crypto ETFs prints because they offer a daily read on regulated Bitcoin demand. A recent rebound session had briefly flipped the group green before selling resumed. That includes the earlier US spot Bitcoin ETFs print that followed a heavy multi-day outflow stretch.

October CPI Prints Above the Pre-Release Forecast

Before the release, economists surveyed by Dow Jones expected October headline CPI to rise 0.3% month over month. Core CPI, which excludes food and energy, was forecast at 0.2%.

The U.S. Bureau of Labor Statistics said headline CPI rose 0.4% in October after a 0.6% gain in September. Core CPI also rose 0.3%, matching September's monthly core pace. 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.

With the print public, traders can reprice Fed rate odds against the hotter-than-expected headline. Bitcoin's next move still hinges on risk appetite and whether Bitcoin ETF outflows keep capping spot demand.