US Spot Bitcoin ETFs Post $398.6 Million in Net Outflows, Extending Streak to Two Trading Days

U.S. spot Bitcoin exchange-traded funds saw large-scale outflows.

According to Farside Investors, the 12 U.S. spot Bitcoin ETF products recorded combined net outflows of $398.6 million on November 2. The withdrawals extended the streak of net outflows to a second consecutive trading day.

BlackRock's iShares Bitcoin Trust (IBIT) led the outflows, with $405.3 million leaving the fund. Fidelity's Wise Origin Bitcoin Fund (FBTC), by contrast, posted net inflows of $6.7 million. The remaining products recorded no net inflows or outflows.