Bitcoin ETF Outflows Hit $398.6M on November 2 as BlackRock Leads Redemptions
Summary
US-listed spot Bitcoin ETFs saw $398.6 million in net outflows on November 2, following $643.2 million in outflows on October 30, according to Farside Investors. BlackRock’s IBIT recorded about $405.3 million in redemptions, partly offset by roughly $6.7 million of inflows to Fidelity’s FBTC. The concentrated withdrawals do not show that all investors were exiting or establish why they redeemed. ETF flows measure fund creations and redemptions, not all Bitcoin trading or a direct cause of price moves. Further sessions, broader participation across issuers and changes in spot liquidity will help determine whether this is a sustained trend.
