Bitcoin ETF outflows exceed $1 billion for second week, only Avalanche funds see inflows

US spot bitcoin exchange-traded funds (ETFs) recorded a second consecutive week of significant net outflows, with $1.065 billion withdrawn during the week ending November 13, according to data reported by The Block. The steady string of withdrawals comes amid a broader decline across the cryptocurrency market, impacting a wide range of digital asset ETFs tracked by industry platforms. Farside Investors documented outflows from bitcoin ETFs on all five US trading sessions between November 9 and 13. The outflow on November 13 alone totalled $185.4 million.