Bitcoin ETF Outflows Hit $398.6M on November 2 as BlackRock Leads Redemptions

TL;DR: US-listed spot Bitcoin exchange-traded funds recorded a combined $398.6 million net outflow on November 2, according to Farside Investors’ daily fund table. These figures are dated November 2. The November 2 figure also followed a larger $643.2 million net outflow on October 30 in Farside’s table. Back-to-back negative sessions invite closer scrutiny of allocation decisions, but they do not reveal the identities or intentions of the underlying investors. That is why the per-issuer breakdown deserves at least as much attention as the headline total. What the primary source establishes US-listed spot Bitcoin exchange-traded funds recorded a combined $398.6 million net outflow on November 2, according to Farside Investors’ daily fund table. BlackRock’s IBIT accounted for about $405.3 million of redemptions, while Fidelity’s FBTC received roughly $6.7 million.

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