# Bitcoin ETFs See $969 Million in Outflows as Coinbase Premium Stays Negative

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/54748
Published: 2026-11-12T01:17:49.000Z
Updated: 2026-11-12T01:17:49.000Z
Section: Investing

> The premium was -0.14% on Nov. 11, after 70 consecutive days below zero.

U.S. spot Bitcoin (BTC) ETFs saw $969 million in outflows over five trading days as the Coinbase premium stayed negative for 70 days, a combination CryptoQuant analyst Axel Adler Jr. said supports continued market correction.

The $969 million figure is cumulative across those five trading days. The ETF-flow measure separately fell $766 million over the past week; in the past year, it was at or below its latest level on 15% of trading days.

On Nov. 11, the Coinbase premium was -0.14%, marking its 70th consecutive day below zero. Adler described the reading as among its lowest in the past year and a sign of weak demand in the U.S. spot market.

Net outflows mean withdrawals exceeded new creations across the ETF group during the period.

Adler said the two indicators together support a continued market correction. He said he would change that assessment if ETF flows and spot demand both turned positive.