U.S. spot Bitcoin (BTC) exchange-traded funds swung from a net gain two days earlier to $412 million in outflows Friday, Nov. 6, with BlackRock’s IBIT accounting for $403 million of the withdrawals.
Fidelity’s FBTC added $42.8 million on Friday, the largest positive daily result among individual funds. Two days earlier, FBTC took in $236.72 million while IBIT lost $201.24 million; SoSoValue data showed the group’s $74.57 million net inflow in the Nov. 4 ETF session.
Cumulative net inflows across the spot funds remained positive at $55.699 billion. FBTC’s cumulative total was $10.266 billion, compared with $65.101 billion for IBIT. A prepublication snapshot put combined net assets at $95.897 billion, equal to 6.28% of Bitcoin’s market capitalization.
Daily ETF flow figures measure money moving as fund shares are created or redeemed. They do not show Bitcoin purchases for BlackRock’s corporate holdings.
