Bitcoin ETF outflows reach $95 million, ARK Invest trims Block and Bullish stakes

U.S. spot Bitcoin exchange-traded funds (ETFs) saw $95 million in net outflows on November 10, marking the fourth consecutive day of withdrawals. The sustained outflows come as ARK Invest reduced its holdings in multiple crypto-linked companies, with recent trading disclosures revealing sizable sales of Block and Bullish shares, as well as a trim in ARK’s own Bitcoin ETF holdings. Trading disclosures published on November 9 indicated that ARK sold 68,997 shares of Block, valued at approximately $6.1 million, and 49,767 shares of Bullish, worth about $1.13 million. ARK also reduced its exposure to the ARK 21Shares Bitcoin ETF (ARKB) by around $1.6 million that day. Data showed these portfolio adjustments were undertaken independently of investor withdrawals from spot Bitcoin ETFs.

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