US spot Bitcoin ETFs see $115.6 million outflow, BTC rebounds toward $78,000

Spot Bitcoin exchange-traded funds (ETFs) listed in the United States recorded $115.6 million in net outflows on November 3. This decline followed a considerably larger withdrawal of $398.6 million just a day earlier, pushing total outflows for the first two November trading sessions to approximately $514.2 million. October closed on a challenging note for Bitcoin ETFs, with net outflows of $643.2 million reported on the final trading day. Market data pointed to continued institutional retrenchment at the start of November.