Bitcoin ETF outflows hit $2.1 billion after seven-session streak

Bitcoin exchange-traded funds (ETFs) in the United States posted seven consecutive trading days of net outflows, with withdrawals totaling between $2.1 billion and $2.35 billion in November, according to multiple industry reports. The extended period of outflows coincided with a significant decline in Bitcoin’s price, which approached the $64,000 mark on November 13. Reports from Decrypt and The Block confirmed that spot Bitcoin ETFs in the U.S. recorded net outflows for a seventh straight session through Friday, November 13. Decrypt estimated the single-day withdrawal at $185.4 million, while The Block cited $185.5 million for the same trading day. According to The Block, BlackRock’s iShares Bitcoin Trust (IBIT) saw $143.5 million in outflows on November 13 alone, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) experienced $41.9 million in withdrawals that day.

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