Bitcoin ETFs lose $1.07 billion in a week of outflows on every trading day, as crypto funds shed $1.53 billion in total
U.S. spot bitcoin exchange-traded funds lost $1.065 billion in net outflows in the trading week of November 9 to 13, according to Farside Investors data compiled by crypto.news. Money left the funds on every one of the five days, from $95 million on Tuesday to $299.8 million on Wednesday, extending the run of negative sessions to seven.
BlackRock's iShares Bitcoin Trust (IBIT) led the withdrawals with $908.4 million, and Fidelity's FBTC lost $111.3 million. Morgan Stanley's MSBT was the exception, with $54.4 million of inflows. The weekly total was about 17% smaller than the previous week's $1.282 billion.
Ether funds lost $398.9 million, led by $311.1 million from BlackRock's ETHA, although the group posted a small $2.3 million inflow on Friday after six straight days of outflows. Solana funds lost $32 million, Zcash's fund $30.8 million and Hyperliquid funds $4.4 million.
Counting all five groups, crypto ETFs shed about $1.53 billion, compared with about $1.70 billion the week before. The outflows came as bitcoin fell below $69,000 early Friday, its lowest level since August 20, The Block reported.
This story is reporting and analysis. It is not financial, legal or tax advice.
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