📉 BITCOIN ETFs SEE $412 MILLION IN NET OUTFLOWS IN ONE DAY
💰 Heavy institutional outflows
U.S. spot Bitcoin ETFs recorded net outflows of $412 million on November 6, following $430 million in outflows in the previous session. This marks two consecutive sessions of significant capital leaving these funds.
📊 IBIT sees the largest outflows, while FBTC bucks the trend
BlackRock’s IBIT accounted for nearly all the outflows, with $403 million, while Fidelity’s FBTC was a rare bright spot, attracting $42.8 million in net inflows. The Bitcoin ETFs’ total net assets now stand at $95.9 billion, equivalent to 6.28% of Bitcoin’s market capitalization.
🌤️ Institutional flows are slowing after two sessions of heavy net outflows, but buying from Fidelity shows that demand for Bitcoin remains. The coming sessions will reveal whether this is just a short-term bout of profit-taking or the start of a longer-term outflow trend.
$BTC
💰 Heavy institutional outflows
U.S. spot Bitcoin ETFs recorded net outflows of $412 million on November 6, following $430 million in outflows in the previous session. This marks two consecutive sessions of significant capital leaving these funds.
📊 IBIT sees the largest outflows, while FBTC bucks the trend
BlackRock’s IBIT accounted for nearly all the outflows, with $403 million, while Fidelity’s FBTC was a rare bright spot, attracting $42.8 million in net inflows. The Bitcoin ETFs’ total net assets now stand at $95.9 billion, equivalent to 6.28% of Bitcoin’s market capitalization.
🌤️ Institutional flows are slowing after two sessions of heavy net outflows, but buying from Fidelity shows that demand for Bitcoin remains. The coming sessions will reveal whether this is just a short-term bout of profit-taking or the start of a longer-term outflow trend.
$BTC
