US spot Bitcoin and Ethereum ETFs recorded combined net outflows of $530 million on Nov. 5, wiping out their post-midterm gains. Bitcoin ETFs lost $430.23 million and their Ethereum counterparts lost $99.98 million. BlackRock’s IBIT extended its outflow streak to $1.04 billion, while Bitcoin ETFs shed $1.51 billion over five sessions. Bitcoin fell 6.03% to $75,581.52 and Ethereum dropped to $2,237 as the S&P 500 lost $3 trillion in market value amid renewed risk aversion.
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