US-listed spot Bitcoin funds recorded net outflows of $201 million on November 9, extending their losing streak to three consecutive sessions. After losing $430.2 million on November 5 and $411.9 million on November 6, the group’s cumulative outflows approached $1.04 billion. BlackRock was the main driver of the withdrawals, with $213.2 million withdrawn from IBIT, while Morgan Stanley’s MSBT attracted $22.1 million. ARK Invest and 21Shares also recorded $9.9 million in outflows, while several other products saw no net flows. The data, which measure fund creations and redemptions, indicate persistent selling pressure, although at a slower pace than at the previous week’s peaks.
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