The net outflow from spot Bitcoin ETFs reached nearly $117 million

On November 5, 2024, Bitcoin-based crypto funds experienced a loss of $116.9 million.

The largest outflow of capital was attributed to an investment product from Fidelity Investments.

The segment of spot Ethereum ETFs ended the trading day with no recorded inflows or outflows.

On the same day, spot Bitcoin ETFs faced a net outflow totaling $116.9 million. In contrast, the Ethereum-based crypto fund sector reported zero inflow or outflow, as per SoSo Value.



Capital inflows and outflows in the American spot Bitcoin ETF sector. Source: SoSo Value.

The Fidelity Investments exchange-traded fund led in terms of total capital lost, with the FBTC ticker undergoing a reduction of $68.2 million. The assets under management (AUM) for this crypto fund stand at $12.74 billion.

In second place for the highest outflows was the spot Bitcoin ETF from BlackRock, which saw a decrease of $44.2 million for the ticker IBIT over the previous day. This investment product continues to lead in its segment with an AUM of $30.1 billion.

The third spot for capital outflows went to the collaborative Bitcoin ETF from Ark Invest and 21Shares, which lost $12.5 million, maintaining an AUM of $3.23 billion.

Additionally, other investment products experienced losses during the last trading day, including:

Franklin Templeton (EZBC) — $6 million;

VanEck (HODL) — $3.9 million;

Valkyrie (BRRR) — $1.3 million.

The only ETF to report an influx of capital was the Bitwise Asset Management spot Bitcoin ETF, which gained $19.3 million under the BITB ticker. Its AUM is currently $2.81 billion.

The remaining five Bitcoin-based crypto funds wrapped up the day with zero inflow or outflow figures.

We previously reported that on November 4, 2024, the volume of capital withdrawn from spot Bitcoin ETFs reached the second-largest level in history.