US Spot Bitcoin and Ethereum ETFs Record Over $322 Million in Outflows
On Nov. 5, spot crypto ETFs logged their sixth straight day of withdrawals, with Bitcoin losing $137M and Ethereum $119M as BlackRock faced heavy redemptions.
On November 5, U.S. spot Bitcoin ETFs posted $137 million in net outflows, marking six straight trading days of withdrawals. BlackRock’s IBIT led losses with $375 million exiting, partially offset by $113 million inflows to Fidelity’s FBTC and $82.94 million to Ark Invest’s ARKB. Total Bitcoin ETF net asset value stood at $139.147 billion. U.S. spot Ethereum ETFs saw $119 million in net outflows, driven by $147 million from BlackRock’s ETHA. Grayscale ETH Mini Trust and Fidelity’s FETH recorded $24.06 million and $3.45 million inflows respectively, leaving total Ethereum ETF assets at $22.738 billion.
- Spot Bitcoin ETF: An exchange-traded fund that directly holds Bitcoin, offering investors exposure to its price movements without owning the cryptocurrency.
- Spot Ethereum ETF: An exchange-traded fund that directly holds Ethereum, providing price exposure without requiring ownership of the cryptocurrency.
- Net Outflow: A measure indicating more money leaving an investment product than entering it during a specific period.