IBIT SEES $405M OUTFLOW, BIGGEST SINCE JUNE
📊 Flows: US spot Bitcoin ETFs posted $398.6M in net outflows on November 2, a second straight day of withdrawals, with IBIT alone accounting for $405.3M.
🏦 Breakdown: IBIT was the only fund with net outflows, its largest single day since June 26. Fidelity's FBTC took in $6.7M, while every other fund stood still.
📉 Backdrop: The exits follow $515M in October outflows, as Bitcoin briefly fell below $76,400, its lowest since August.
💬 Comment: The selling was concentrated in one fund, not broad, and IBIT still holds $65.9B in cumulative net inflows since launch. Flows measure sentiment, not a verdict on Bitcoin.
$BTC
📊 Flows: US spot Bitcoin ETFs posted $398.6M in net outflows on November 2, a second straight day of withdrawals, with IBIT alone accounting for $405.3M.
🏦 Breakdown: IBIT was the only fund with net outflows, its largest single day since June 26. Fidelity's FBTC took in $6.7M, while every other fund stood still.
📉 Backdrop: The exits follow $515M in October outflows, as Bitcoin briefly fell below $76,400, its lowest since August.
💬 Comment: The selling was concentrated in one fund, not broad, and IBIT still holds $65.9B in cumulative net inflows since launch. Flows measure sentiment, not a verdict on Bitcoin.
$BTC
