US Bitcoin, Ether ETFs see $530 million outflow as rally reverses

US spot Bitcoin and Ether ETFs recorded significant net outflows totaling about $530 million on November 5, reversing the previous day’s inflows as both crypto and traditional financial markets pulled back. The outflows reflected a broader downturn that also affected US stocks, while Bitcoin’s price dipped below $76,000 before recovering above that level the following day. On November 5, Cointelegraph reported that US spot Bitcoin funds experienced net outflows of $430.2 million, while Ether funds lost $99.9 million. Combined, the outflows reached approximately $530 million.

Source: CoinTurk News