U.S. Bitcoin and Ether ETFs Post $716 Million in Net Outflows

U.S. Bitcoin (BTC) and Ether (ETH) exchange-traded funds recorded a combined $716 million net outflow Monday, Nov. 2, led by a $614 million outflow from Bitcoin funds. U.S. Bitcoin ETFs recorded net outflows of 7,919 BTC, worth $614 million, and Ether ETFs recorded net outflows of about 44,800 ETH, worth $102 million. Over the seven-day period, Bitcoin ETFs recorded net outflows of 2,292 BTC, valued at $178 million. Ether ETFs saw net outflows of 147,600 ETH, valued at $336 million. The seven-day Bitcoin outflow was smaller than the funds’ single-day outflow on Nov. 2.