U.S. spot Bitcoin ETFs recorded a combined $1.44 billion in net outflows over five trading days, while outflows from BlackRock’s IBIT fund reached nine consecutive sessions.
According to SoSoValue data cited by CoinDesk, U.S. spot Bitcoin ETFs saw net outflows of $299.9 million on Wednesday, November 11. That means the funds ended all five trading days between November 5 and 11 with net outflows.
BlackRock’s fund accounted for about 90% of the day’s outflows
BlackRock’s spot Bitcoin ETF, IBIT, saw net outflows of $269.7 million on Wednesday. This amount accounted for about 90% of the total net outflows from U.S. spot Bitcoin funds that day.
Bitcoin traded around $73,400
In CoinDesk’s Thursday market update, Bitcoin had fallen 0.7% since 03.00 Turkey time to around $73,400. Over the same period, Ethereum traded around $2,044, down about 0.5%, while the CoinDesk 80 index, which tracks the broader crypto market, fell 1%.
Not investment advice.