PiCK
U.S. Spot-Bitcoin ETFs See Third Straight Session of Net Outflows, Losing $115.6 Million
Summary
- The 12 U.S. spot-Bitcoin ETFs recorded combined net outflows of $115.6 million.
- BlackRock's IBIT saw $95 million in outflows, while Grayscale's BTC lost $52.6 million, marking the largest net withdrawals.
- By contrast, Bitwise's BITB, Fidelity's FBTC, and Morgan Stanley's MSBT posted net inflows of $21.9 million, $6.8 million, and $3.3 million, respectively.
Forecast Trend Report by Period
U.S. spot-Bitcoin exchange-traded funds posted another day of net outflows.
According to Farside Investors data released on Nov. 4, the 12 U.S. spot-Bitcoin ETF products recorded combined net outflows of $115.6 million in the previous session.
BlackRock's iShares Bitcoin Trust (IBIT) posted the largest net outflow, with $95 million leaving the fund. Grayscale's Bitcoin Mini Trust (BTC) also saw net outflows of $52.6 million.
By contrast, Bitwise's Bitcoin ETF (BITB) drew net inflows of $21.9 million. Fidelity's Wise Origin Bitcoin Fund (FBTC) and Morgan Stanley's Bitcoin Trust (MSBT) also recorded inflows of $6.8 million and $3.3 million, respectively. The remaining products saw no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.