Bitcoin ETFs Lose $411.9M on Friday as BlackRock Drives the Selling
Summary
US spot Bitcoin ETFs saw $411.9 million in net outflows on November 6, bringing withdrawals across the first five trading sessions of November to about $1.28 billion. BlackRock’s IBIT accounted for $403 million of the day’s redemptions, while Fidelity’s FBTC recorded $42.8 million in inflows. The contrasting fund flows indicate activity was concentrated rather than a uniform retreat. ETF data show changes in fund exposure but do not identify investors’ motives or prove that Bitcoin was sold on exchanges. Continued, broader outflows could signal reduced demand, but the figures alone do not predict Bitcoin’s price direction.
