US spot Bitcoin ETFs recorded $398.6 million in net outflows, according to Farside Investors data. BlackRock’s IBIT accounted for $405.3 million in outflows, while Fidelity’s FBTC took in $6.7 million. IBIT’s outflow was its largest since June 26.
The withdrawals followed $515 million in net outflows from the funds in October. They occurred amid crypto market volatility following a reported $6.3 billion Binance hack; the source does not establish that the hack caused the withdrawals. US spot Ether ETFs also recorded about $140 million in net outflows, according to SoSoValue data.
