US spot Bitcoin ETFs see $115.6 million outflow, BTC rebounds toward $78,000

Spot Bitcoin exchange-traded funds (ETFs) listed in the United States recorded $115.6 million in net outflows on November 3. This decline followed a considerably larger withdrawal of $398.6 million just a day earlier, pushing total outflows for the first two November trading sessions to approximately $514.2 million. October closed on a challenging note for Bitcoin ETFs, with net outflows of $643.2 million reported on the final trading day. Market data pointed to continued institutional retrenchment at the start of November. BlackRock, the world’s largest asset manager, led the latest round of ETF withdrawals through its iShares Bitcoin Trust (IBIT), which saw $95 million exit the fund. Grayscale’s Bitcoin Mini Trust (BTC) followed with $52.6 million in outflows.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.