Outflows from U.S. spot Bitcoin ETFs continue: According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded net outflows totaling $2.35 billion over two consecutive weeks, with outflows exceeding $1 billion each week—the largest weekly redemption since late June. Net outflows totaled $1.07 billion this week and $1.28 billion last week.
On Friday, net outflows totaled $185.4 million, marking the seventh consecutive trading day of outflows. Since November 5, cumulative outflows have reached approximately $1.71 billion. BlackRock’s IBIT saw net outflows of $143.5 million on Friday, marking its 11th consecutive trading day of outflows. Its cumulative net outflows since November have reached $2.12 billion, accounting for about 90% of total market outflows. Fidelity’s FBTC saw net outflows of $41.9 million on Friday.
As outflows continued, Bitcoin fell below the $70,000 mark that same day. (Source: Cointelegraph, November 14) $BTC $ETH
On Friday, net outflows totaled $185.4 million, marking the seventh consecutive trading day of outflows. Since November 5, cumulative outflows have reached approximately $1.71 billion. BlackRock’s IBIT saw net outflows of $143.5 million on Friday, marking its 11th consecutive trading day of outflows. Its cumulative net outflows since November have reached $2.12 billion, accounting for about 90% of total market outflows. Fidelity’s FBTC saw net outflows of $41.9 million on Friday.
As outflows continued, Bitcoin fell below the $70,000 mark that same day. (Source: Cointelegraph, November 14) $BTC $ETH
