U.S. spot Bitcoin ETFs recorded approximately $1.07 billion in net outflows during the week ending November 13, following about $1.28 billion in withdrawals the previous week. Combined, the two-week total reached $2.35 billion, including roughly $1.91 billion across seven consecutive sessions of redemptions. BlackRock experienced the greatest pressure on Friday, with $143.5 million in outflows, while Fidelity recorded $41.9 million. The data do not mean that every institutional investor is selling Bitcoin, but they weaken one of the market’s clearest visible indicators of demand. The trend could reverse if daily flows turn positive, inflows spread across multiple products, or Bitcoin gains support from buying outside the ETF market.
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