According to @FarsideUK, Fidelity’s spot Bitcoin ETF (FBTC) recorded a US$21.4 million net outflow in the latest daily flow update on Nov 20, 2025, source: Farside Investors tweet and data portal https://farside.co.uk/btc/. This outflow figure is taken from Farside Investors’ consolidated US spot BTC ETF flow dataset that tracks fund-level daily creations and redemptions in US dollars, source: Farside Investors https://farside.co.uk/btc/. Traders monitoring BTC liquidity can reference this daily flow data to gauge ETF channel demand alongside price and volume, source: Farside Investors dataset https://farside.co.uk/btc/.