Bitcoin Trades at $74,362 as U.S. Spot ETF Outflows Hit $201 Million

Bitcoin (BTC) traded at $74,362 as of 11:51 UTC Tuesday (6:51 a.m. ET) and was below its Nov. 9 daily close of $75,267. U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $201 million in net outflows on Nov. 9.

The iShares Bitcoin Trust (IBIT) had $213.2 million in outflows. MSBT recorded $22.1 million in inflows, partly offsetting withdrawals.

From Nov. 2 through Nov. 9, the funds had $1.4827 billion in net outflows. The period included $74.6 million in net inflows on Nov. 4. The latest daily total follows a Nov. 9 report on Bitcoin’s $73,000 downside trigger and ETF withdrawals.

ETF flow totals track activity in the listed funds. They do not cover every institutional Bitcoin transaction, and the daily figures alone do not establish what drove Bitcoin’s price movement.