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US Bitcoin and Ether ETFs Shed $2.03B in Six Sessions, Led by BlackRock

US Bitcoin and Ether ETFs Shed $2.03B in Six Sessions, Led by BlackRock

US spot bitcoin and ether ETFs lost about $2.03B from Nov. 2 to Nov. 9, per Farside data cited by Crypto Insiders; BlackRock funds made up over 96%.

US spot bitcoin and ether exchange-traded funds lost about $2.03 billion, or roughly 1.82 billion euros, over six trading days from Nov. 2 to Nov. 9, Crypto Insiders reported, based on daily flow tables from Farside Investors. Bitcoin funds accounted for about $1.48 billion of the outflows and ether funds for about $549.8 million.

Only one session, Nov. 4, saw net inflows across the combined group. Crypto Insiders said BlackRock’s IBIT, ETHA and ETHB lost about $1.96 billion in the period, more than 96% of the net total. The BlackRock funds posted outflows every day, including Nov. 4, when Fidelity inflows lifted the market-wide figure.

On Monday, Nov. 9, bitcoin ETF outflows were $201 million, down from $411.9 million on Friday, while ether fund outflows widened to $184.6 million from $93.3 million, according to Crypto Insiders. CoinDesk, also citing Farside, reported that IBIT has recorded seven straight sessions of redemptions, with $213.2 million leaving on Monday.

The outflows came as US stocks rebounded. CoinDesk said the S&P 500 had its best day since April 8 on Monday and the Nasdaq Composite rose 2.7%, while bitcoin traded near $74,200 and lagged. Crypto Insiders noted that net flow figures do not show who sold and do not predict prices.

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