Bitcoin ETFs Lose $399M as 2-Day Outflows Top $1.04B
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U.S. spot bitcoin ETFs recorded $398.62 million in net outflows on the first trading day of November, pushing two-day outflows past $1.04 billion as selling that closed October carried into the new month. BlackRock drove the exit, while ether funds lost another $139.80 million and products tracking Zcash, HYPE and XRP also started November in negative territory. The sustained redemptions signal that institutional investors are still clearing risk from their books after October's heavy selling. Watch whether bitcoin ETF flows stabilize in coming sessions or extend the streak, and whether ether and altcoin funds follow the same pattern.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
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