According to data from crypto data platform SoSoValue, Bitcoin spot ETFs saw net outflows totaling $1.22 billion in the week of November 3-7, the third-largest weekly outflow in history.
Bitcoin Spot ETFs Experience Third-Highest Weekly Outflow in History
The Grayscale Bitcoin Mini Trust (BTC) saw the highest inflows for the week. The fund closed with net inflows of $21.61 million, bringing its total historical inflows to $1.97 billion.
Bitwise Bitcoin ETF (BITB) ranked second with an inflow of $4.69 million; the fund’s total net inflow reached $2.32 billion.
By contrast, the largest outflow was seen in BlackRock’s IBIT ETF. The fund closed the week with net outflows of $581 million, bringing IBIT’s total historical net inflows to $64.32 billion. Fidelity’s FBTC ETF also saw outflows of $438 million, bringing its total net inflows to $12 billion.
As of November 7, the total asset value of Bitcoin spot ETFs was measured at $138.08 billion, accounting for 6.67% of Bitcoin’s total market capitalization.
During the same period, Ethereum spot ETFs experienced net outflows of $508 million, the third-highest level historically.
BlackRock’s ETHA ETF saw $297 million in outflows, Fidelity’s FETH ETF saw $109 million in outflows, and Invesco’s QETH ETF saw $2.59 million in inflows. The total asset value of Ethereum spot ETFs stands at $22.66 billion.
*This is not investment advice.