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Spot ETF Outflows Hit $201M as IBIT and ETHA Lead

Spot ETF Outflows Hit $201M as IBIT and ETHA Lead

Photo: Pixabay (illustration)

U.S. spot ETF outflows hit about $201 million across Bitcoin and Ether funds on November 3. BlackRock's products led the exits. Bitcoin funds shed $115.6 million. Ether funds lost $85.3 million. The figures come from Farside Investors' Bitcoin ETF flow update . The flows landed as U.S. midterm results rolled in. BlackRock's IBIT recorded $95 million in Bitcoin redemptions. That was the largest single Bitcoin fund exit. Grayscale's Bitcoin Mini Trust (BTC) followed with $52.6 million. Bitwise's BITB added $21.9 million. Fidelity's FBTC took in $6.8 million. Morgan Stanley's MSBT added $3.3 million.

Source: Live Bitcoin News

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