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Bitcoin ETFs shed $2.35B over two weeks

US spot Bitcoin ETFs recorded $2.35 billion in net outflows over two consecutive weeks, according to Farside Investors data. They shed $1.07 billion from Nov. 9 to Nov. 13, after $1.28 billion the previous week. Net withdrawals continued for a seventh trading session, bringing redemptions since Nov. 5 to about $1.71 billion.

BlackRock’s IBIT recorded $143.5 million in net outflows in the latest session, extending its withdrawal streak to 11 trading sessions since Oct. 30. Its net outflows over that streak totaled about $2.35 billion. The ETF outflows coincided with broader market weakness; Bitcoin fell below $70,000 in the latest session.

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