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Bitcoin (BTC) Closes 0.34% Higher as Spot ETFs Record $1.6 Billion in Outflows

Total stablecoin supply fell $14.2 billion over the 30 days through Nov. 9, its fastest contraction since June 2022.

By Enna Lee
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Mentioned assets
A gold token balances between two contrasting metal rails / TokenPost.ai
A gold token balances between two contrasting metal rails / TokenPost.ai

Bitcoin (BTC) closed at $73,974 on Nov. 11, up 0.34% from $73,721 on Nov. 10, while stablecoin supply and U.S. spot Bitcoin ETF flows declined over longer periods.

Total stablecoin supply fell $14.2 billion during the 30 days through Nov. 9, its fastest contraction since June 2022. U.S. spot Bitcoin ETFs recorded $1.6 billion in net outflows over 20 trading sessions through the same date.

The price comparison covers one day, while the stablecoin and ETF figures cover 30 days and 20 trading sessions, respectively. The measures therefore reflect different periods.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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