US spot Bitcoin ETFs saw net outflows of $1.28 billion this week

TechFlow reported on Nov. 8, citing The Block, that US spot Bitcoin ETFs recorded net outflows of $1.28 billion this week, the largest weekly outflow since late June and the second consecutive week of net outflows.

As of Friday, the 12 funds had recorded cumulative net outflows of about $914.1 million year to date, compared with cumulative net inflows of about $368 million before the start of this week. Net outflows on Friday were $411.9 million, including $403 million from BlackRock IBIT.

Spot Ethereum ETFs recorded net outflows of $365.3 million this week, the sixth consecutive week of net outflows; Solana and Hyperliquid ETFs each recorded net outflows for the fifth consecutive week.

Source: TechFlow