bitcoin ·
Bitcoin spot ETFs see $412 million in net outflows on November 6
Ethereum spot ETFs shed another $93.19 million on the same day.
It was the second straight day of heavy redemptions, and it pushed a year that once looked like a victory lap for Bitcoin ETFs into slightly negative territory. According to data aggregated by SoSoValue, the bulk of Thursday's Bitcoin outflow came from a single product.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for around $403 million of the total. Fidelity's Wise Origin Bitcoin Fund (FBTC) went the other way.
It pulled in $42.8 million in inflows, making it a rare green number on an otherwise red board. One fund losing hundreds of millions while a direct competitor gains tens of millions suggests investors were not uniformly heading for the exits.
Ethereum products did not escape the mood. Spot Ethereum ETFs recorded $93.19 million in net outflows, with BlackRock products among the larger contributors to those losses. November 6 followed a rough November 5.
