U.S. spot Bitcoin exchange-traded funds recorded roughly $201 million in net outflows on Monday while Bitcoin held near $74,200 on Tuesday. The largest cryptocurrency failed to mirror Monday's rebound across U.S. equity markets, and traders were also digesting an October consumer price index reading that came in hotter than the pre-release forecast. The combination keeps fund demand and Federal Reserve rate odds at the center of attention for Bitcoin market watchers.

Bitcoin Stays Flat as U.S. Stocks Rebound

Bitcoin traded around $74,200 early Tuesday UTC after touching an overnight low near $74,100, per CoinGecko Bitcoin pricing, leaving BTC essentially unchanged over 24 hours. Major U.S. indexes, by contrast, had already staged a sharp recovery on Monday.

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

Bitcoin did not print a matching bounce. The divergence pointed to softer digital-asset demand even as traditional risk assets recovered — and flow data helped clarify why.

Bitcoin ETF Outflows Extend the Redemption Streak

U.S. spot Bitcoin ETFs saw $201.0 million in net outflows on Monday, November 9, per Farside Investors. BlackRock's iShares Bitcoin Trust (IBIT), the largest U.S. spot Bitcoin fund by assets, led the withdrawals with $213.2 million in redemptions, marking its seventh straight session of net outflows. Because share creations and redemptions in spot ETFs pass through to buying and selling of the underlying Bitcoin, a multi-day streak at a fund of that size draws extra scrutiny.

Morgan Stanley's MSBT took in $22.1 million, while ARK Invest and 21Shares' ARKB saw $9.9 million leave. IBIT's withdrawals outweighed the Morgan Stanley inflow, keeping the group negative on the day. Trading desks track these crypto ETFs prints because they provide a daily gauge of regulated Bitcoin demand. A recent rebound session had briefly flipped the group green before selling resumed, including the earlier US spot Bitcoin ETFs print that followed a heavy multi-day outflow stretch.

October CPI Prints Above the Pre-Release Forecast

Ahead of the release, economists surveyed by Dow Jones expected October headline CPI to rise 0.3% month over month, with core CPI, which excludes food and energy, forecast at 0.2%.

The U.S. Bureau of Labor Statistics reported that headline CPI rose 0.4% in October, following a 0.6% gain in September. Core CPI also rose 0.3%, matching September's monthly core pace. Food prices increased 0.5%, energy prices climbed 0.7%, and shelter costs rose 0.3%, accounting for more than 30% of the monthly headline increase.

With the print now public, traders can reprice Fed rate odds against the hotter-than-expected headline. The link runs through expectations: hotter inflation readings typically narrow the perceived scope for Federal Reserve rate cuts, and the policy path that follows helps shape the liquidity backdrop for risk assets like Bitcoin. Bitcoin's next move still hinges on risk appetite and on whether Bitcoin ETF outflows keep capping spot demand.