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Bitcoin and Ethereum ETFs Record Net Outflows as Fidelity Leads Redemptions
Gate News bot message, recent data shows significant outflows from cryptocurrency ETFs on November 5. Bitcoin ETFs across 10 funds registered a net outflow of 5,057 BTC, equivalent to $519.48 million. Fidelity’s Bitcoin ETF witnessed the largest outflow of 3,552 BTC ($364.93 million), maintaining its current holdings at 201,225 BTC ($20.67 billion).
Meanwhile, Ethereum ETFs spanning 9 funds experienced a net outflow of 12,408 ETH, valued at $41.57 million. Fidelity’s Ethereum ETF recorded outflows of 6,237 ETH ($20.89 million), with total holdings standing at 738,962 ETH.