BlackRock’s IBIT Posts $405.3 Million Outflow in Nov. 2 ETF Session

U.S. spot Bitcoin (BTC) exchange-traded funds recorded $398.6 million in net outflows Monday, Nov. 2, as BlackRock’s iShares Bitcoin Trust (IBIT) lost $405.3 million and a smaller Fidelity inflow partly offset the withdrawal. Fidelity Wise Origin Bitcoin Fund (FBTC) took in $6.7 million. The two funds’ movements netted to the group’s $398.6 million outflow. Ten other funds recorded no flow: BITB, ARKB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC and BTC. The result marked a second consecutive trading session of net outflows, following $643.2 million in withdrawals on Oct. 30.