Update
US Spot Bitcoin ETFs See $696M in Outflows
US spot Bitcoin exchange-traded funds experienced $696 million in net outflows on Friday, marking the largest single-day exit since January. The outflows extend a rough autumn for Bitcoin ETF flows, with previous significant redemptions occurring on October 30 and November 5-6. BlackRock’s IBIT, the largest name in the category, accounted for much of the recent outflows, losing $403 million on November 6. Other funds like Fidelity’s FBTC and Morgan Stanley’s MSBT occasionally reported inflows during the period, indicating some stability.