BlackRock’s IBIT leads $411.9 million outflow from US Bitcoin ETFs

US spot Bitcoin exchange-traded funds saw a net outflow of $411.9 million on Friday, November 6, with BlackRock’s iShares Bitcoin Trust (IBIT) responsible for the majority of redemptions. Farside Investors reported that IBIT alone recorded $403 million in net outflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted $42.8 million in inflows during the same session. These contrasting movements at the fund level emphasize the importance of monitoring individual ETF flows, not only the group total. Daily data compiled by Farside Investors showed that US spot Bitcoin ETFs collectively lost $411.9 million on November 6, with IBIT driving most of the withdrawals.

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