U.S. spot Bitcoin (BTC) exchange-traded funds lost $201.08 million on Nov. 9, extending a three-session withdrawal streak even as daily outflows eased by about half from the previous session.
SoSoValue data showed withdrawals were about 51% smaller than in the previous session. The outflow run started Nov. 5, leaving the funds with three straight sessions of net withdrawals.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded $213.23 million in net outflows, more than the funds’ combined $201.08 million net outflow. ARK·21Shares’ ARKB lost $9.91 million, while MSBT posted the only positive daily flow among the 12 funds, at $22.06 million.
The funds’ cumulative net inflows totaled $55.50 billion. Net assets totaled $94.43 billion, or about 6.27% of Bitcoin’s market capitalization; the funds traded $1.73 billion.
The Nov. 9 session followed $412 million in outflows on Nov. 6, covered in EconoTimes’ report on the earlier withdrawal.
