Add as a preferred source on GoogleBlackRock’s IBIT Posts $405.3 Million Outflow in Nov. 2 ETF Session
Fidelity’s FBTC took in $6.7 million, partly offsetting the group’s $398.6 million net outflow. Bitcoin ETFs lost $711.3 million over the latest five trading days.
U.S. spot Bitcoin (BTC) exchange-traded funds recorded $398.6 million in net outflows Monday, Nov. 2, as BlackRock’s iShares Bitcoin Trust (IBIT) lost $405.3 million and a smaller Fidelity inflow partly offset the withdrawal.
Fidelity Wise Origin Bitcoin Fund (FBTC) took in $6.7 million. The two funds’ movements netted to the group’s $398.6 million outflow. Ten other funds recorded no flow: BITB, ARKB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC and BTC.
The result marked a second consecutive trading session of net outflows, following $643.2 million in withdrawals on Oct. 30. Outflows over the latest five trading days totaled $711.3 million, while cumulative net flows since launch stood at $56.649 billion. The Bitcoin total was part of the combined withdrawals across U.S. spot Bitcoin and Ether ETFs on Nov. 2.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.