Summary
- The 12 US spot-Bitcoin ETFs recorded total net outflows of $430.20 million in a single day.
- Fidelity's FBTC saw $199.87 million leave and BlackRock's IBIT lost $104.97 million, bringing combined net outflows from the two funds to more than $300 million.
- No product posted net inflows on the day, and the ETFs ended with either net outflows or no change.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds swung back to net outflows after just one day. More than $400 million left products from major asset managers including Fidelity and BlackRock.
Data from SoSoValue showed that 12 US spot-Bitcoin ETFs posted combined net outflows of $430.20 million on Nov. 5. That reversed the previous day's inflows in a single session.
Fidelity's FBTC saw the biggest withdrawals, with $199.87 million leaving the fund. BlackRock's IBIT posted net outflows of $104.97 million. Combined outflows from the two products exceeded $300 million.
Grayscale's GBTC also recorded $49.90 million in outflows. Franklin Templeton's EZBC saw $32.92 million leave, VanEck's HODL posted $23.64 million in outflows, and Ark Invest and 21Shares' ARKB logged $18.90 million in net withdrawals.
No product posted net inflows on the day. The remaining six funds, including Grayscale Bitcoin Mini Trust, Bitwise's BITB and Morgan Stanley's MSBT, recorded no net flows.
Doohyun Hwang
