Summary
- US spot-Bitcoin ETFs posted total net outflows of $842.12 million over two days.
- BlackRock's IBIT alone saw $403 million in outflows, far exceeding the amount that flowed into Fidelity.
- Only Fidelity's FBTC recorded net inflows of $42.82 million, while cumulative net inflows into US spot-Bitcoin ETFs reached $55.7 billion.
Forecast Trend Report by Period
Outflows extend to a second day, with $842.12 million leaving over two sessions
US spot-Bitcoin exchange-traded funds posted a second straight day of net outflows. More than $400 million left BlackRock's fund alone, far exceeding the amount that flowed into Fidelity.
Data from SoSoValue for Nov. 6 showed US spot-Bitcoin ETFs recorded net outflows of $411.92 million on the day. Combined with $430.20 million in net outflows a day earlier, total net outflows over the two sessions reached $842.12 million.
BlackRock's IBIT posted the largest outflow, with $403 million leaving the fund. Bitwise's BITB and Ark 21Shares' ARKB saw net outflows of $20.55 million and $20.09 million, respectively. Grayscale's GBTC recorded net outflows of $11.11 million.
Fidelity's FBTC was the only fund to post net inflows, taking in $42.82 million. The other seven products recorded no net inflows or outflows. As of that day, cumulative net inflows into US spot-Bitcoin ETFs stood at $55.7 billion.
