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US Bitcoin ETFs see $399M in outflows, Ether funds lose $140M
US spot Bitcoin ETFs lost about $399 million on November 2, with a precise net outflow of $398.6 million. BlackRock's iShares Bitcoin Trust (IBIT) alone redeemed $405.3 million. Spot Ether ETFs lost $140 million that same day, their sixth straight day of net redemptions.
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What happened
US spot Bitcoin ETFs lost about $399 million on November 2, with a precise net outflow of $398.6 million. BlackRock's iShares Bitcoin Trust (IBIT) alone redeemed $405.3 million. Spot Ether ETFs lost $140 million that same day, their sixth straight day of net redemptions.
Confirmed
Global impact / market context
Money leaving these funds means investors pulled cash out, forcing managers to sell coins or hold more cash, which can weigh on Bitcoin and Ether prices. Because one fund drove the Bitcoin outflow, the rest of the group was slightly positive, showing selling was concentrated rather than broad.
Analyst inference
The November 2 exits followed a larger $643.3 million single-day Bitcoin outflow around October 31 and November 1. Ether funds had their worst month on record in October, losing $1.61 billion, reversing three months of buying. Total US spot Bitcoin ETF assets were roughly $98 to $100 billion.
Analyst inference
What to watch
- Ether ETFs' sixth consecutive day of net redemptions, after October's record $1.61 billion monthly outflow, signals whether investors keep withdrawing money or return to buying these funds. Confirmed
- Watch whether BlackRock's IBIT keeps losing money in coming days, since its $405.3 million redemption exceeded the whole Bitcoin category's net outflow and drove the group result. Proposed
- If Bitcoin ETF assets near $98 to $100 billion keep shrinking through outflows, fund managers may need to sell more Bitcoin, adding price pressure and possibly pushing other investors to reduce holdings. Analyst inference
Affected assets
- BTC — Bitcoin