Bitcoin ETFs’ Hot 7-Day Streak Ends, Record $55 Million In Net Outflows
US spot Bitcoin ETFs experienced their first net outflow day in seven days, with a total outflow of $54.9 million on November 1. Fidelity’s FBTC accounted for nearly half of this outflow at $25.64 million, followed by Ark & 21Shares’ ARKB with $24.13 million. Grayscale’s GBTC recorded a smaller outflow of $5.51 million. Other funds like Bitwise’s BITB, VanEck’s HODL, and Valkyrie’s BRRR also saw outflows. BlackRock’s IBIT had no inflow or outflow after 14 consecutive days of inflows, including a peak of $872 million on October 30. Despite the outflows, Bitcoin ETFs achieved a cumulative weekly inflow of $2.22 billion, the highest since March. In contrast, Ethereum ETFs faced an outflow of nearly $11 million, reducing their weekly influx to about $13 million. Bitcoin's price is currently above $68,000, reflecting a 2% dip in 24 hours but up over 3% in the past week.
