Bitcoin spot ETFs saw a total net outflow of $1.37 billion, according to SoSoValue data. This marks the sixth consecutive trading day that the funds have recorded net outflows.
Bitcoin and Ethereum Spot ETFs See Net Outflow for 6th Consecutive Day
According to the data, Fidelity’s FBTC fund recorded a positive net inflow of $1.13 billion, while ARK Invest’s ARKB ETF saw a net inflow of $82.93 million.
In contrast, BlackRock IBIT, the market’s largest Bitcoin ETF, attracted attention with a net outflow of $375 million.
Thus, the total asset value of Bitcoin spot ETFs stood at $139.15 billion, representing 6.72% of Bitcoin’s total market capitalization. In total, these ETFs saw net inflows of $60.28 billion.
Similarly, Ethereum spot ETFs continued their decline for the sixth consecutive day, recording a net outflow of $1.19 billion on November 5. The Grayscale ETH Mini Trust fund saw net inflows of $24.05 million, the Fidelity FETH ETF saw net inflows of $3.45 million, and the BlackRock ETHA ETF led the way with net outflows of $147 million.
The total asset value of Ethereum spot ETFs currently stands at $22.74 billion, accounting for 5.46% of ETH’s total market capitalization.
*This is not investment advice.
