US crypto funds record heavy outflows at start of November
Image: Bitcoin.com NewsUS spot Bitcoin ETFs recorded $398.6 million in net outflows on Monday. BlackRock's IBIT accounted for $405.3 million of the Bitcoin fund exits. Spot Ether funds lost $139.8 million, marking six straight days of redemptions. Total net outflows for Bitcoin funds reached over $1.04 billion across two sessions.
Key points
- BlackRock's IBIT recorded $405.3 million in redemptions on Monday.
- Ether ETFs marked their sixth consecutive day of net redemptions.
Why it matters
Net redemptions in exchange traded funds can force issuers to reduce underlying token holdings, which may add selling pressure to spot markets.
Price context · BTC
At publication
$77,193.00
Now
$77,648.00
Change since
+0.59%
7 days · dashed line = publication
Sources · 4 publishers
Bitcoin.com News
Tier 2
Bitcoin ETFs Lose $399M as 2-Day Outflows Top $1.04B
NewsBTC
Tier 2
Bitcoin ETF Outflows Hit $398.6M on November 2 as BlackRock Leads Redemptions
BeInCrypto
Tier 2
Citi Sells Clients on Bitcoin ETFs Despite $1 Billion Outflows
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Bitcoin.com News
- CryptoVideos brief published
- 2 more publishers added to sources
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