US Bitcoin ETFs Face $399 Million in Withdrawals as Ether Funds Struggle

TLDR US Bitcoin ETFs recorded $398.6 million in net outflows on November 2. BlackRock’s IBIT led withdrawals with $405.3 million, while Fidelity’s FBTC gained $6.7 million. Bitcoin ETFs lost another $643.2 million on October 30, ending four consecutive days of inflows. Spot Ether ETFs recorded $139.7 million in outflows, marking their sixth consecutive trading session of withdrawals. BlackRock’s ETHA accounted for $138.3 million of the Ether ETF withdrawals. Ether ETFs recorded their largest monthly outflow in October, totaling $1.61 billion. US Bitcoin ETFs recorded $398.6 million in net outflows on November 2, while US spot Ether funds lost $139.7 million, according to Farside Investors. The combined $538.3 million withdrawal came as cryptocurrency markets faced renewed selling during Monday’s session and investors reduced exposure through exchange-traded funds.

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