Spot Bitcoin exchange-traded funds in the U.S. recorded a combined net outflow of $116 million on Nov. 3, according to data from SoSoValue, marking the third straight day of net redemptions. Among the products that still attracted fresh money, Bitwise’s BITB led the day with $21.9165 million in net inflows, bringing its cumulative historical net inflow to $2.036 billion. Fidelity’s FBTC followed with $6.7568 million in daily net inflows, while its cumulative total reached $10.186 billion. On the outflow side, BlackRock’s IBIT saw the largest single-day withdrawal at $94.9795 million, though its cumulative historical net inflow still stood at $65.810 billion. As of press time, the total net asset value of spot Bitcoin ETFs was $99.157 billion. The ETF net asset ratio, measured as the share of Bitcoin’s total market capitalization, was 6.33%, and cumulative historical net inflows across the category had reached $56.466 billion.
U.S. spot Bitcoin ETFs saw total net outflows of $116 million on Nov. 3, Eastern Time, according to SoSoValue. The category has now logged net outflows for three consecutive trading days.
Daily fund flows
Bitwise’s BITB posted the largest net inflow of the day at $21.9165 million. Its cumulative historical net inflow has reached $2.036 billion.
Fidelity’s FBTC ranked second for daily inflows, adding $6.7568 million. Its cumulative historical net inflow stands at $10.186 billion.
BlackRock’s IBIT recorded the largest single-day net outflow at $94.9795 million. Even so, its cumulative historical net inflow remains $65.810 billion.
Category totals
As of press time, the total net asset value of spot Bitcoin ETFs stood at $99.157 billion. The ETF net asset ratio, defined as the share of Bitcoin’s total market capitalization, was 6.33%. Cumulative historical net inflows for spot Bitcoin ETFs reached $56.466 billion.
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