According to data released by Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $398.62 million yesterday. BlackRock’s IBIT saw a net outflow of $405.3 million, marking its largest single-day outflow since June 26. Fidelity’s FBTC experienced a net inflow of $6.68 million, partially offsetting IBIT’s outflow. Net flows for products from Grayscale’s GBTC and Mini BTC, Bitwise, Ark, VanEck, Morgan Stanley, Franklin, Valkyrie, Invesco, and WisdomTree were all zero for the day.
Bitcoin Spot ETFs Record $398.62M Net Outflow on November 2
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Summary
Bitcoin news: On-chain data shows Bitcoin spot ETFs recorded a net outflow of $398.62 million on November 2, according to Trader T. BlackRock’s IBIT experienced a $405.3 million outflow, the largest since June 26. Fidelity’s FBTC saw $6.68 million in inflows. Grayscale, Mini BTC, Bitwise, Ark, VanEck, Morgan Stanley, Franklin, Valkyrie, Invesco, and WisdomTree all reported zero net flows for the day.
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