U.S. Bitcoin ETFs saw $412M outflows on Nov 6, led by BlackRock's IBIT with $403M withdrawn.
On November 6, U.S. spot Bitcoin ETFs experienced a net outflow of $412 million, primarily driven by BlackRock's iShares Bitcoin Trust ETF (IBIT), which alone saw $403 million withdrawn. Despite this, Fidelity's FBTC fund attracted $42.8 million in inflows, contributing to a total cumulative net inflow of $55.699 billion across all spot Bitcoin funds. The combined net assets of these ETFs stood at $95.897 billion, representing 6.28% of Bitcoin's total market capitalization. These daily ETF flows indicate investor movements through fund shares but do not reflect direct Bitcoin purchases by BlackRock itself.
On November 6, U.S. spot Bitcoin ETFs experienced a net outflow of $412 million, primarily driven by BlackRock's iShares Bitcoin Trust ETF (IBIT), which alone saw $403 million withdrawn. Despite this, Fidelity's FBTC fund attracted $42.8 million in inflows, contributing to a total cumulative net inflow of $55.699 billion across all spot Bitcoin funds. The combined net assets of these ETFs stood at $95.897 billion, representing 6.28% of Bitcoin's total market capitalization. These daily ETF flows indicate investor movements through fund shares but do not reflect direct Bitcoin purchases by BlackRock itself.
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