US spot Bitcoin ETFs see $696M in outflows, largest since January

Friday's redemptions were the biggest single-day exit for the funds in months, extending a rough autumn for Bitcoin ETF flows US spot Bitcoin exchange-traded funds had $696 million in net outflows on Friday. That is the largest single-day exit since January. The funds had already taken several big hits in recent weeks. On October 30, investors pulled $643.3 million in one session, which at the time was the largest single-day exit in about four months. Friday’s $696 million beat that figure, so the bar for a bad day keeps moving. Early November was not much better. Outflows reached $430.2 million on November 5, then $411.9 million on November 6. Those sessions formed part of a three-day run of redemptions. The week ending November 7 lost approximately $1.28 billion in total.

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