Bitcoin, Ether ETFs lose $1.65b as BlackRock withdrawals mount

U.S. Bitcoin and Ether ETFs have recorded $1.65 billion in combined net outflows during Nov. 2–6, with BlackRock’s IBIT losing money in every session despite a positive week for Fidelity’s competing Bitcoin fund. Summary Bitcoin ETFs lost $1.28 billion over five sessions, while Ether funds recorded $365.2 million in withdrawals. BlackRock’s IBIT shed $1.21 billion during the week, including $403 million in Friday’s session. Fidelity’s FBTC finished with $93.1 million in weekly inflows despite Thursday’s $199.9 million withdrawal. Combined Bitcoin and Ether ETF outflows reached $504.2 million on Friday after Wednesday’s brief recovery. According to Farside Investors’ Bitcoin data, U.S. spot Bitcoin ETFs recorded $411.9 million in net withdrawals on Nov. 6. Ether funds lost another $93.3 million, leaving both categories negative for a second consecutive session. Across Thursday and Friday alone, investors withdrew a combined $1.04 billion from the two groups. Their only positive session during the week came on Wednesday, when Bitcoin funds attracted $74.6 million and Ether products received $53 million. Bitcoin ETF withdrawals concentrate in BlackRock’s IBIT BlackRock’s IBIT accounte...