Bitcoin and Ethereum Spot ETFs See Continued Outflows Last Week

Despite a weak overall crypto market, Bitcoin and Ethereum spot exchange-traded funds (ETFs) continued to experience net outflows last week. This marks the third consecutive week of negative flows for Bitcoin ETFs according to data from SoSoValue, with a total outflow of $1.11 billion between November 10th and 14th. The largest outflow came from BlackRock’s IBIT fund at $532 million, while Grayscale’s Bitcoin Mini Trust (BTC) recorded an outpouring of $290 million. 9 Ethereum ETFs saw no inflows either.