U.S. bitcoin ETFs opened November with $398.62 million in net outflows, pushing two-day withdrawals above $1.04 billion. Blackrock's IBIT drove most of the selling, while ether funds lost another $139.80 million.
Bitcoin exchange-traded funds lost $398.62 million on Monday, following Friday's $643.33 million withdrawal. Across those two sessions, more than $1.04 billion left the products.
Blackrock's IBIT leads the exit
Blackrock's IBIT accounted for $405.30 million of Monday's outflow. Fidelity's FBTC moved the other way with a $6.68 million inflow.
Trading value fell to $1.99 billion from Friday's $6.35 billion. Net assets closed at $98.12 billion. Selling continued, then, but with far less trading intensity than on Friday.
IBIT had been the strongest source of bitcoin ETF demand through much of October. It also finished last week with positive net flows despite Friday's selloff. Now two consecutive sessions have brought heavy withdrawals from the largest bitcoin fund.
Ether funds extend their losing run
Ether ETFs lost another $139.80 million, a sixth consecutive negative session. Blackrock's ETHA led with a $138.31 million withdrawal, and ETHB shed $4.63 million. Morgan Stanley's MSSE attracted $3.15 million.
The fund group entered November after five consecutive weeks of net redemptions. Monday extended that trend.
Altcoin funds offer little support
Smaller products offered little relief. Zcash lost $3.63 million through Grayscale's ZCSH, its second negative session after an eight-day inflow streak. HYPE ETFs shed $2.86 million. XRP ETFs posted a $529,510 outflow through Canary's XRPC.
Solana and NEAR funds recorded no net flows. The source says a quiet session may signal investors are waiting for a clearer market direction before adding fresh exposure.
Source: Bitcoin News
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