📉 $BTC ETFs Record $412M in Outflows as BlackRock’s IBIT Sees $403M Exit
Spot Bitcoin ETFs recorded combined net outflows of $412 million on November 6 (U.S. Eastern Time). BlackRock’s IBIT accounted for the majority of the withdrawals, with approximately $403 million in outflows. The significant movement highlights a notable decline in capital flowing into Bitcoin investment products and a shift in institutional investor activity.
Spot Bitcoin ETFs recorded combined net outflows of $412 million on November 6 (U.S. Eastern Time). BlackRock’s IBIT accounted for the majority of the withdrawals, with approximately $403 million in outflows. The significant movement highlights a notable decline in capital flowing into Bitcoin investment products and a shift in institutional investor activity.