Spot Bitcoin ETFs Experience Significant Outflows, Contributing to Bitcoin's Decline
Spot Bitcoin ETFs Experience Significant Outflows, Contributing to Bitcoin's Decline
Spot Bitcoin ETFs recorded a sharp $566.4 million outflow on Tuesday, November 4, extending a five-day cumulative drain to approximately $1.9 billion. This substantial outflow has pushed market sentiment into a risk-off zone, with Fidelity's FBTC, ARKB, and Grayscale's GBTC funds accounting for the majority of these exits, failing to prevent Bitcoin's decline.
Spot Bitcoin ETFs saw a sharp $566.4 million outflow on Tuesday, Nov. 4, extending its five-day drain to roughly $1.9 billion and decisively flipping the week’s tone into risk-off. Fidelity’s FBTC accounted for the majority of the exits at -$356.6 million, with ARKB at -$128.1 million and Grayscale’s GBTC at -$48.9 million. No fund posted […]
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