U.S. spot $BTC and ETH ETFs saw about $1.65 billion in net outflows from November 2 to 6.

The biggest pressure came from BlackRock’s IBIT fund, which recorded consecutive daily outflows, while Fidelity’s funds continued to see weekly inflows.

The data does not provide complete details on the daily flows for each fund. BlackRock has not issued an official comment, and the reason for the wave of withdrawals has not been confirmed.

This divergence may reflect a reallocation of positions between products rather than a broad exit from the market, but that remains unconfirmed.

If withdrawals from IBIT continue while inflows to Fidelity persist, the more important indicator may be the direction of money between the two funds, not just the overall figure.

Bottom line: Watch the difference between IBIT’s daily flows and Fidelity’s weekly total flows before drawing a single conclusion about the trend.

Which are you watching more closely: IBIT’s daily withdrawals or Fidelity’s weekly inflows? 👇

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