Bitcoin and Ethereum ETFs lose $530 million in one day as $3 trillion Wall Street wipeout rattles crypto
Photo: CryptoSlate
US spot Bitcoin and Ethereum ETFs suffered $530 million in combined withdrawals Thursday as a Wall Street rout erased their post-midterm gains. Data from Farside Investors showed that Bitcoin ETFs lost $430.23 million on Nov. 5, while their Ethereum counterparts recorded another $99.98 million in outflows. The latest ETF withdrawals extended a broader retreat that had begun before Thursday's market turbulence. BlackRock's iShares Bitcoin Trust (IBIT) recorded $105 million in outflows, marking its fifth consecutive trading session of withdrawals. Over that period, investors pulled approximately $1.04 billion from the fund, including $405.3 million on Nov. 2 alone.
Source: CryptoSlate
