[Wu Blockchain News] Spot Bitcoin ETFs saw $1.282 billion in net outflows last week; spot Ethereum ETFs saw $365 million
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Spot Bitcoin ETFs recorded $1.282 billion in net outflows for the week of Nov. 2–6, with BlackRock's IBIT accounting for $1.209 billion of the redemptions. Spot Ethereum ETFs posted $365 million in net outflows over the same period, their sixth straight week of withdrawals. The scale of the Bitcoin outflow, concentrated in the largest issuer, signals broad de-risking rather than isolated rotation. Watch whether IBIT redemptions persist or reverse in the coming week, and whether Ethereum funds break their six-week streak.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Spot Bitcoin ETFs, BlackRock (BLK), Spot Ethereum ETFs, IBIT
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