Markets News
Crypto1 min read
Bitcoin and Ethereum ETFs See $505 Million in Daily Outflows
U.S. spot funds lost $505.11 million on Nov. 6, led by withdrawals from BlackRock’s Bitcoin and Ethereum products.
Key takeaways
- Spot Bitcoin and Ethereum ETFs had $505.11 million in net outflows on Nov. 6.
- BlackRock’s IBIT recorded $403 million in outflows, while Fidelity’s FBTC had $42.82 million in inflows.
U.S. spot Bitcoin and Ethereum ETFs recorded $505.11 million in net outflows on Nov. 6, according to SoSoValue data. Bitcoin funds lost $411.92 million and Ethereum funds lost $93.19 million.
BlackRock’s IBIT led Bitcoin fund outflows with $403 million. Fidelity’s FBTC was the largest Bitcoin fund to take in money, with $42.82 million in net inflows.
As of Nov. 6, spot Bitcoin ETFs had $95.90 billion in net assets and Ethereum ETFs had $12.84 billion. Combined, the funds held $108.74 billion in net assets.
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
