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2h ago

U.S. Bitcoin ETFs See $558 Million One-Day Outflow After Brief Inflow Reprieve

The reversal underscores that ETF creations and redemptions now drive Bitcoin’s marginal liquidity.

Ethereum joins Bitcoin in recording third largest weekly ETF outflow at $508M
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Overview

  • All 12 spot Bitcoin funds posted $558.44 million in net withdrawals on Nov. 7, one of their largest single-day outflows since launch.
  • Fidelity’s FBTC led with $256.66 million in redemptions, followed by ARKB at $144.24 million and BlackRock’s IBIT at $131.43 million, while several peers recorded no flow activity.
  • The pullback followed a $240.03 million net inflow on Nov. 6 that ended a six-day outflow streak totaling more than $660 million.
  • Aggregate Bitcoin ETF assets stood at about $138.08 billion on Nov. 7, with roughly $60 billion in cumulative net inflows since inception.
  • Solana spot ETFs extended a nine-day inflow streak with $12.69 million on Nov. 7, lifting their assets to about $575.93 million and cumulative net inflows to $335.71 million.