BlackRock leads $300 million Bitcoin ETF outflows as BTC struggles near $73K

U.S. spot Bitcoin exchange-traded funds have recorded $299.9 million in net outflows on November 11, with BlackRock accounting for most of the withdrawals as investors pulled money from the products for a fifth consecutive trading session. BlackRock's IBIT recorded $269.73 million in withdrawals on November 11, accounting for nearly 90% of the $299.9 million in total Bitcoin ETF outflows. U.S. spot Bitcoin ETFs have lost roughly $1.44 billion over five consecutive trading sessions, although cumulative net inflows remain at $55.1 billion. Ethereum ETFs recorded another $144.81 million in withdrawals, with BlackRock's ETHA accounting for $129.78 million of the total. Bitcoin traded near $73,573 as its RSI fell to 34.37, while the cryptocurrency remained below its 20 day and 200 day exponential moving averages.

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