Bitcoin ETF Rebound Masks BlackRock’s Persistent Withdrawals

BlackRock's IBIT saw $105 million in net outflows on November 5, extending a five-day streak of withdrawals totaling $1.04 billion. U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows that day, led by Fidelity's FBTC with $199.9 million. November's first four days saw $869.8 million in ETF losses.