The Bitcoin Spot ETF saw net outflows totaling $1.37 billion, according to SoSoValue data. This marks the sixth consecutive trading day the fund has recorded net outflows.
Bitcoin and Ethereum spot ETFs have net outflows for 6 days in a row
According to the data, Fidelity’s FBTC fund recorded net inflows of $1.13 billion, while ARK Invest’s ARKB ETF recorded net inflows of $82.93 million.
In contrast, BlackRock IBIT, the market’s largest Bitcoin ETF, made headlines with $375 million in net outflows.
Therefore, the total asset value of the Bitcoin Spot ETF was $139.15 billion, accounting for 6.72% of Bitcoin’s market capitalization. These ETFs had total net inflows of $60.28 billion.
Similarly, the Ethereum Spot ETF continued its decline for the sixth day in a row, posting net outflows of $1.19 billion on November 5th. Grayscale ETH Mini Trust Fund had net inflows of $24.05 million, Fidelity FETHETF had net inflows of $3.45 million, and BlackRock ETHAETF came in first with net outflows of $147 million.
The total asset value of the Ethereum Spot ETF is currently $22.74 billion, accounting for 5.46% of ETH’s market capitalization.
*This is not investment advice.
