Bitcoin spot ETFs recorded a total net outflow of $399 million on November 2, with BlackRock's IBIT leading losses at $405 million in a single day. The massive outflow from the world's largest Bitcoin ETF still leaves IBIT with cumulative net inflows of $65.9 billion since launch.
Fidelity's FBTC bucked the trend as the top gainer, posting $6.68 million in net inflows and bringing its lifetime total to $10.18 billion. Across all Bitcoin spot ETFs, total assets under management now stand at $98.13 billion, representing 6.36% of Bitcoin's market cap, with historical cumulative net inflows reaching $56.58 billion.
Bitcoin Spot ETFs Bleed $399M as BlackRock's IBIT Drives Outflows
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