US spot Bitcoin ETFs saw a net outflow of $82.4m on 16 Oct, according to SoSoValue. BlackRock's IBIT lost $71.8m and Fidelity's FBTC $10.6m; the funds' net assets stood at $104bn, or 6.35% of Bitcoin's market value.
The story so far: US spot Bitcoin ETF outflows
US spot Bitcoin ETFs have seen repeated net outflows in late October and early November, led by BlackRock's IBIT. On 6 November they lost $412m, with IBIT down $403m, while Fidelity's FBTC took in $42.9m.
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Bitcoin spot ETFs post $82.4m net outflow, BlackRock's IBIT leads
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