Bitcoin ETFs Lose $412 Million as BlackRock’s IBIT Sheds $403 Million

U.S. spot Bitcoin (BTC) exchange-traded funds lost $412 million on Friday, Nov. 6, as BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounted for nearly all net withdrawals. IBIT recorded $403 million in net outflows. Fidelity’s FBTC led individual funds on the positive side with $42.8 million in inflows. FBTC’s cumulative net inflows reached $10.266 billion, compared with $65.101 billion for IBIT. As of the prepublication snapshot, combined net assets were $95.897 billion, or 6.28% of Bitcoin’s total market capitalization. Cumulative inflows remained positive despite Friday’s withdrawals. Daily ETF net flows reflect money entering or leaving through fund-share creations and redemptions. They do not represent direct Bitcoin purchases for BlackRock’s corporate balance sheet. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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