Bitcoin and Ether ETFs see $505.2M net outflows, led by Bitcoin funds with $412M withdrawn
On November 6, spot Bitcoin and Ether exchange-traded funds (ETFs) experienced significant net outflows totaling approximately $505.2 million. Bitcoin-focused ETFs accounted for the majority of these withdrawals, with $412 million pulled out, while Ether ETFs saw $93.2 million in net outflows. Among the Bitcoin ETFs, IBIT had the largest outflow, and ETHA led withdrawals among Ether ETFs. This trend indicates a notable shift in investor sentiment away from these crypto ETFs on that day.
On November 6, spot Bitcoin and Ether exchange-traded funds (ETFs) experienced significant net outflows totaling approximately $505.2 million. Bitcoin-focused ETFs accounted for the majority of these withdrawals, with $412 million pulled out, while Ether ETFs saw $93.2 million in net outflows. Among the Bitcoin ETFs, IBIT had the largest outflow, and ETHA led withdrawals among Ether ETFs. This trend indicates a notable shift in investor sentiment away from these crypto ETFs on that day.
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