Spot Bitcoin ETFs Post $1.28 Billion in Weekly Net Outflows

Spot Bitcoin (BTC) exchange-traded funds recorded $1.28 billion in net outflows during the week of Nov. 2-6, with BlackRock's IBIT posting $1.21 billion in net outflows. IBIT's weekly outflow was the largest among the funds, while its cumulative net inflows stood at $65.1 billion. Grayscale Bitcoin Trust (GBTC) recorded $61 million in weekly outflows; its cumulative net outflows totaled $28.11 billion. Fidelity's FBTC led the week on inflows, adding $93.1 million. Its cumulative net inflows reached $10.27 billion. The fund-level moves left the broader group with a net outflow for the period.