Bitcoin, Ether ETFs lose $1.65b as BlackRock withdrawals mount

U.S. Bitcoin and Ether ETFs have recorded $1.65 billion in combined net outflows during Nov. 2–6, with BlackRock’s IBIT losing money in every session despite a positive week for Fidelity’s competing Bitcoin fund. Bitcoin ETFs lost $1.28 billion over five sessions, while Ether funds recorded $365.2 million in withdrawals. BlackRock’s IBIT shed $1.21 billion during the week, including $403 million in Friday’s session. Fidelity’s FBTC finished with $93.1 million in weekly inflows despite Thursday’s $199.9 million withdrawal. Combined Bitcoin and Ether ETF outflows reached $504.2 million on Friday after Wednesday’s brief recovery. According to Farside Investors’ Bitcoin data, U.S.

Source: crypto.news