Bitcoin and Ethereum ETFs shed $1.8B – Why investors are pulling back

The Spot Bitcoin [BTC] ETFs witnessed a sustained wave of outflows between the 30th of October and the 3rd of November, recording approximately $1.16 billion in cumulative net outflows in just three trading sessions. According to Farside Investors data, on the 30th of October, the ETFs recorded their largest single-day outflow of the period, worth $643.2 million. In fact, the negative momentum continued on the 2nd of November, when BTC ETFs recorded another $398.6 million in net outflows. On the 3rd of November, however, the outflow momentum eased considerably, with total withdrawals declining to $115.6 million. In these three days, BlackRock's IBIT alone accounted for $734 million in outflows, making it the biggest contributor to the negative trend. Did Ethereum ETFs echo Bitcoin ETFs' momentum?

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