$115.56 million outflow in a single day... Bitcoin spot ETF sees net outflows for 3 consecutive trading days

U.S. spot bitcoin ETFs recorded a third straight day of net outflows on November 3, losing $115.56 million, though the daily bleed shrank about 71% from the prior session, according to SoSoValue. BlackRock's IBIT led redemptions at $94.98 million, followed by Grayscale's BTC at $52.6 million, while inflows came from Bitwise's BITB ($21.92 million), Fidelity's FBTC ($6.76 million) and Morgan Stanley's MSBT ($3.34 million). Cumulative net inflows across the 12-fund category stood at $56.47 billion. The persistence of outflows matters because it signals cooling institutional demand even as the pace of withdrawals moderates. Watch whether IBIT redemptions continue and whether the smaller inflows into BITB, FBTC and MSBT can offset them in the sessions ahead.