Add as a preferred source on GoogleBitcoin ETFs Lose $412 Million as BlackRock’s IBIT Sheds $403 Million
Fidelity’s FBTC drew $42.8 million, the largest daily inflow, while cumulative net inflows across the funds stood at $55.699 billion.
U.S. spot Bitcoin (BTC) exchange-traded funds lost $412 million on Friday, Nov. 6, as BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounted for nearly all net withdrawals.
IBIT recorded $403 million in net outflows. Fidelity’s FBTC led individual funds on the positive side with $42.8 million in inflows. FBTC’s cumulative net inflows reached $10.266 billion, compared with $65.101 billion for IBIT.
Across the spot funds, cumulative net inflows totaled $55.699 billion.
As of the prepublication snapshot, combined net assets were $95.897 billion, or 6.28% of Bitcoin’s total market capitalization. Cumulative inflows remained positive despite Friday’s withdrawals.
Daily ETF net flows reflect money entering or leaving through fund-share creations and redemptions. They do not represent direct Bitcoin purchases for BlackRock’s corporate balance sheet.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.