Bitcoin spot ETFs see $412 million in net outflows on November 6

BlackRock's IBIT drove most of the redemptions as Ethereum funds shed $93.19 million on the same day US spot Bitcoin exchange-traded funds lost $412 million in net outflows on November 6. Ethereum spot ETFs shed another $93.19 million on the same day. This was not a one-off. It was the second straight day of heavy redemptions, and it pushed a year that once looked like a victory lap for Bitcoin ETFs into slightly negative territory. According to data aggregated by SoSoValue , the bulk of Thursday’s Bitcoin outflow came from a single product. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for around $403 million of the total. Fidelity’s Wise Origin Bitcoin Fund (FBTC) went the other way.

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