Bitcoin ETFs Shed $411.9 Million for a Second Straight Day

U.S. spot bitcoin ETFs posted a net $411.9 million outflow on Nov. 6, a second straight exit day after Nov. 5's $430.2 million, Farside Investors data show.

Two sessions, about $842 million gone. Bitcoin traded near $75,830 around midnight ET Saturday, up about 0.2% over 24 hours, per CoinGecko.

BlackRock's IBIT alone accounted for $403.0 million of Friday's redemptions. Fidelity's FBTC took in $42.8 million. Grayscale's GBTC shed $11.1 million, and Bitwise's BITB and Ark 21Shares' ARKB each lost about $20 million.

How the wrappers move

A spot bitcoin ETF holds bitcoin and issues shares that trade on U.S. exchanges. When more shares are redeemed than created, the fund sells bitcoin into the market; when creations outrun redemptions, it buys. Friday's net figure is the sum of those share flows across the 12 listed funds Farside tracks, reported in millions of dollars.

U.S. spot ether ETFs also finished Nov. 6 in the red, with a $93.3 million net outflow, Farside's ether flow page shows. BlackRock's ETHA led that exit at $90.8 million. Solana ETFs posted a $24.2 million net outflow the same day, per Farside's Solana flow page.

The two-day bitcoin-ETF exit follows a $74.6 million inflow on Nov. 4. Crypto Fear & Greed sat at 25, labeled Extreme Fear, on the CNN Fear & Greed style index that Alternative.me publishes from market data.

In our opinion: BlackRock's IBIT did almost all the selling while Fidelity's FBTC took some shares back. The two-day bill is roughly $842 million, and Tuesday's CPI print is the next hard check on whether that pace slows.