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Bitcoin (BTC), Ether (ETH) ETFs Post About $716 Million in Outflows

Lookonchain listed 7,919 BTC and 44,837 ETH in one-day net outflows; Farside's Nov. 2 rows showed dashes for fund-level figures and 0.0 in the Total column.

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Pedestrians pass the New York Stock Exchange on Broad Street in lower Manhattan. / EconoTimes.ai
Pedestrians pass the New York Stock Exchange on Broad Street in lower Manhattan. / EconoTimes.ai

A calculation from Lookonchain’s Nov. 2 update puts Bitcoin (BTC) and Ether (ETH) ETF net outflows at about $716 million combined, with Bitcoin accounting for most.

Lookonchain valued the 7,919 BTC withdrawal at $614.26 million and the 44,837 ETH outflow at $102.12 million. The combined dollar value is a calculation from those component estimates; Lookonchain did not state the combined total.

Lookonchain's seven-day readings showed $177.81 million in Bitcoin ETF net outflows and $336.15 million in Ether ETF net outflows. Based on those figures, the one-day Bitcoin amount was about 3.5 times its seven-day figure, while Ether's seven-day amount was about 3.3 times its one-day reading.

Farside Investors’ Bitcoin and Ether tables showed dashes for every fund-level entry on Nov. 2 and 0.0 in each Total column. Oct. 30 was the latest date with populated figures in both tables; the Nov. 2 display does not establish a completed flow.

EconoTimes previously reported provisional Bitcoin spot ETF inflows of $301.2 million and Ether fund outflows of $220.7 million for Oct. 19-23, based on Farside data, in its Oct. 19-23 fund-flow report.

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