Bitcoin ETFs shed $2.35B in two weeks as BlackRock’s losing streak hits 11 sessions
US spot Bitcoin ETFs recorded $185.4 million in net outflows Friday, with BlackRock’s IBIT accounting for $143.5 million and Fidelity’s FBTC shedding $41.9 million.
US spot Bitcoin exchange-traded funds (ETFs) recorded $2.35 billion in net outflows over two consecutive weeks, as redemptions reached more than $1 billion each week.
According to Farside Investors data, spot Bitcoin ETFs shed $1.07 billion between Nov. 9 and Nov. 13, following $1.28 billion in outflows the previous week, the largest weekly redemptions since late June.
The funds recorded $185.4 million in net outflows on Friday, down from $284.1 million on Thursday and $299.8 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $143.5 million of Friday’s withdrawals, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) shed $41.9 million.