Bitcoin ETFs Lose $399M as 2-Day Outflows Top $1.04B

U.S. bitcoin ETFs opened November with $398.62 million in net outflows, extending the heavy selling that closed October. Ether funds lost another $139.80 million, while Zcash, HYPE and XRP also started the month in negative territory. Bitcoin exchange-traded funds (ETFs) lost $398.62 million on Monday, following Friday’s much larger $643.33 million withdrawal . Across those two sessions alone, more than $1.04 billion has left the products. Blackrock’s IBIT accounted for $405.30 million of Monday’s exit. Fidelity’s FBTC moved against the tide with a modest $6.68 million inflow. Trading value fell sharply to $1.99 billion from Friday’s $6.35 billion, while net assets closed at $98.12 billion. That drop in turnover gives Monday a different character from Friday’s rush for the exits. Selling continued, though with far less trading intensity.

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