A second consecutive day of net withdrawals pulled $411.92 million from U.S. spot Bitcoin (BTC) exchange-traded funds on Friday, Nov. 6, as outflows at several funds outweighed one inflow, SoSoValue data showed.
The funds also recorded net outflows on Thursday, Nov. 5, SoSoValue data showed.
Fidelity’s FBTC brought in $42.82 million, the only positive flow among the 12 ETFs. BlackRock’s IBIT had a reported $403 million outflow. The other named withdrawals were $20.55 million at Bitwise’s BITB, $20.09 million at ARK·21Shares’ ARKB and $11.11 million at Grayscale’s GBTC, SoSoValue data showed.
SoSoValue recorded $2.33 billion in trading across the funds. IBIT accounted for $1.83 billion, followed by FBTC at $232.34 million and GBTC at $104.07 million. SoSoValue put net assets at $95.90 billion, or about 6.28% of Bitcoin’s market capitalization, and cumulative net inflows at $55.70 billion.
