BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounted for 94.4% of net withdrawals from US spot Bitcoin ETFs during the week of November 2-6. The 12 funds tracked by Farside Investors recorded net outflows of $1.282 billion, including $1.210 billion from IBIT. Fidelity recorded the only strongly positive flow, with $93 million in inflows, while all other funds collectively lost $72 million. IBIT experienced withdrawals in all five sessions, and the US Consumer Price Index release scheduled for Tuesday, November 10, will provide another test of demand.
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