Bitcoin and Ethereum ETFs lose $530 million in one day as $3 trillion Wall Street wipeout rattles crypto
Summary
US spot Bitcoin and Ethereum ETFs saw $530 million in combined outflows on Nov. 5, extending withdrawals to about $1.51 billion from Bitcoin funds and $272 million from Ethereum funds in November. No Bitcoin ETF recorded inflows; Fidelity’s FBTC lost nearly $200 million, while BlackRock’s IBIT posted its fifth consecutive day of withdrawals. The selling reversed Wednesday’s brief recovery and coincided with a sharp Wall Street selloff. Bitcoin fell 6% to about $75,582, and Ethereum dropped to $2,237 as investors retreated from risk assets.
