Bitcoin ETF Outflows Hit $398.6M on November 2 as BlackRock Leads Redemptions

TL;DR: US-listed spot Bitcoin exchange-traded funds recorded a combined $398.6 million net outflow on November 2, according to Farside Investors’ daily fund table. These figures are dated November 2. The November 2 figure also followed a larger $643.2 million net outflow on October 30 in Farside’s table. Back-to-back negative sessions invite closer scrutiny of allocation decisions, but they do not reveal the identities or intentions of the underlying investors. That is why the per-issuer breakdown deserves at least as much attention as the headline total. What the primary source establishes US-listed spot Bitcoin exchange-traded funds recorded a combined $398.6 million net outflow on November 2, according to Farside Investors’ daily fund table. BlackRock’s IBIT accounted for about $405.3 million of redemptions, while Fidelity’s FBTC received roughly $6.7 million. The net result therefore masks a small positive contribution outside the largest fund, rather than a perfectly uniform exit from every issuer. The dated original disclosure is the starting point for the figures and product scope discussed here. An ETF flow number measures creations minus redemptions in a fund, not the amou...