Fidelity's FBTC inflow outweighs IBIT redemptions and snaps a bitcoin ETF outflow run

U.S. spot Bitcoin ETFs saw inflows of $74.57 million Wednesday, Nov. 4, snapping a three-session streak of outflows. Fidelity’s FBTC drew $236.72 million, outweighing the $201.24 million pulled from BlackRock’s IBIT. Four days of redemptions cost the iShares trust $935.2 million Fidelity’s Wise Origin Bitcoin Fund saw inflows on Nov. 4. One day of buying turned the whole category positive, even as the iShares Bitcoin Trust continued to bleed assets. IBIT has now posted outflows for 4 straight sessions. Issuer-level data show total redemptions at $935.2 million over that span. The $405.3 million outflow on Monday was the largest of the four. The fund still overshadows rivals with $64.28 billion of net assets. In the second place is FBTC with $14.15 billion.

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