U.S. Spot Bitcoin ETF Outflows Extend to Third Straight Trading Session

U.S. spot Bitcoin (BTC) exchange-traded funds recorded $115.6 million in net outflows on Nov. 3, extending withdrawals to a third straight trading session as the daily amount narrowed. The latest figure followed a $398.6 million net outflow on Nov. 2 and a $643.2 million withdrawal on Oct. 30. Net outflows mean redemptions exceeded new share creations during the session. BlackRock’s IBIT had $95 million in net outflows on Nov. 3, while Grayscale’s BTC fund lost $52.6 million. Other funds drew money: Bitwise’s BITB recorded $21.9 million in net inflows, and Fidelity’s FBTC took in $6.8 million.