News
Bitcoin ETFs Record Five-Day Net Outflows
U.S. spot Bitcoin exchange-traded funds have recorded five consecutive days of net outflows, losing $1.44 billion between November 5 and November 11, including $299.9 million on Wednesday. The outflows have coincided with a sell-off in AI and technology stocks, with the Nasdaq Composite falling 5.5% in a single day on November 5. Analysts suggest the five-day outflows amount to about 2.6% of the funds' cumulative net inflows, far from a full-scale retreat. Bitcoin is trading at $73,358, down 0.87% over the past 24 hours.