PiCK

Summary

  • US spot Bitcoin ETFs recorded net inflows of $74.61 million.
  • Fidelity's FBTC drew $236.72 million, offsetting $201.20 million in net outflows from BlackRock's IBIT.
  • Over the past five trading sessions, the funds have posted $1.07 billion in net outflows, the largest such outflow since July 1.

Forecast Trend Report by Period

US spot Bitcoin exchange-traded funds recorded net inflows of $74.61 million, with inflows into Fidelity offsetting a large net outflow from BlackRock.

According to a post by Trader T on X on November 4, Fidelity's FBTC posted net inflows of $236.72 million for the day. BlackRock's IBIT, by contrast, saw net outflows of $201.20 million.

ARK Invest's ARKB and Bitwise's BITB drew $19.90 million and $15.21 million, respectively. Invesco's BTCO also recorded net inflows of $3.98 million. The remaining products saw no net inflows or outflows.

Over the past five trading sessions, however, the group logged cumulative net outflows of $1.07 billion. Trader T wrote that this marked the largest five-session net outflow since July 1.

YM Lee