Spot Bitcoin ETFs logged $411.9 million in net outflows on November 6

According to NewsBTC, U.S. spot Bitcoin exchange-traded funds posted a combined net outflow of $411.9 million on November 6. The figures, which NewsBTC attributed to data from Farside Investors, show money leaving the products on that single trading day. The withdrawals were heavy at a handful of issuers, and the pattern extended into the early part of the month.

BlackRock's IBIT fund accounted for the largest share, with $403 million in redemptions. Fidelity's FBTC was the exception, taking in $42.8 million. Bitwise's BITB lost $20.5 million, ARK 21Shares' ARKB shed $20.1 million, and Grayscale's GBTC saw $11.1 million leave.

NewsBTC also reported that the first five sessions of November produced roughly $1.28 billion in withdrawals from the funds. Earlier in the month the picture was mixed: the funds took in $74.6 million on November 4 but lost $398.6 million on November 2. The outlet noted that the outflows were concentrated among a few large funds.

Analysts cited by NewsBTC cautioned that fund flow figures do not map directly onto the identities of individual investors. NewsBTC said attention should now turn to whether outflows continue across several sessions.