The daily net flow of U.S. Bitcoin ETFs on November 5, 2024, varied widely among funds, with several experiencing significant outflows. Notably, Fidelity’s Bitcoin ETF (Ticker: FBTC) saw a substantial outflow of 2,512 BTC, which was the largest of the day. ARK’s Bitcoin ETF (Ticker: ARKB) and Bitwise’s Bitcoin ETF (Ticker: BITB) also experienced significant reductions, with 2,047 BTC and 1,182 BTC leaving their holdings, respectively.

Despite these large outflows, there were pockets of positive movement. BlackRock’s Bitcoin ETF (Ticker: IBIT) recorded an inflow of 569 BTC. Additionally, Grayscale’s Bitcoin ETF (Ticker: BTC) added 195 BTC, providing some balance against the day’s heavier losses.

In summary, the total holdings of all ETFs were reported at 998,032 BTC, with an overall net outflow of 5,501 BTC for the day, corresponding to a market value decrease of approximately $385.3 million. This reflects a challenging day with significant capital withdrawals from several major Bitcoin ETFs, despite gains in a select few.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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