PiCK
U.S. Spot Bitcoin ETFs Post $398.6 Million in Net Outflows for Second Straight Trading Day
Suehyeon Lee
Summary
- Large sums flowed out of U.S. spot Bitcoin ETFs.
- A total of $398.6 million flowed out of 12 U.S. spot Bitcoin ETF products on Nov. 2.
- BlackRock’s IBIT posted $405.3 million in net outflows, while Fidelity’s FBTC saw $6.7 million in net inflows.
Forecast Trend Report by Period
U.S. spot Bitcoin exchange-traded funds saw a large outflow of funds.
A total of $398.6 million flowed out of 12 U.S. spot Bitcoin ETF products on Nov. 2, according to Farside Investors. It marked a second consecutive trading day of net outflows.
BlackRock’s iShares Bitcoin Trust (IBIT) led the overall outflows, with $405.3 million leaving the fund. Fidelity’s Wise Origin Bitcoin Fund (FBTC), by contrast, drew $6.7 million in net inflows. The remaining products recorded no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.