Bitcoin spot ETFs shed $411.92 million in second straight session of outflows

U.S. spot Bitcoin ETFs recorded a second consecutive session of net outflows, with withdrawals easing about 4% from the previous day. BlackRock’s IBIT lost $403 million, while Fidelity’s FBTC attracted $42.82 million.

The latest withdrawals extended the market’s outflow streak to two trading sessions.

SoSoValue data showed U.S. spot Bitcoin ETFs posted net outflows of $411.92 million on November 6.

Outflows continued from November 5, although the daily total declined about 4%. Cumulative net inflows stood at $55.70 billion.

Among the 12 ETFs, Fidelity’s FBTC was the only fund to record inflows, attracting $42.82 million.

Four funds recorded withdrawals: BlackRock’s IBIT lost $403 million, Bitwise’s BITB shed $20.55 million, ARK·21Shares’ ARKB lost $20.09 million, and Grayscale’s GBTC saw $11.11 million leave. IBIT’s withdrawals exceeded total inflows.

Total trading volume for spot Bitcoin ETFs reached $2.33 billion. BlackRock’s IBIT led with $1.83 billion, followed by Fidelity’s FBTC at $232.34 million and Grayscale’s GBTC at $104.07 million.

Total net assets stood at $95.90 billion, equivalent to about 6.28% of Bitcoin’s market capitalization. BlackRock’s IBIT held the largest net assets at $60.29 billion, followed by Fidelity’s FBTC at $13.24 billion and Grayscale’s GBTC at $9.37 billion.