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Crypto Slips Into the Weekend as Bitcoin ETFs Lose $430 Million

Crypto Slips Into the Weekend as Bitcoin ETFs Lose $430 Million

US spot Bitcoin exchange-traded funds lost $430.2 million on Thursday, 5 November, Farside Investors data show, and Ether funds lost $99.9 million the same session. SoSoValue’s daily tables match at roughly the same size: about $430 million out of the Bitcoin products and about $100 million out of the Ether products.

That single-day exit is the number under the weekend drop. Bitcoin is trading near $76,000 after dipping below $75,000 on Friday, 6 November for the first time since the August rally, and it is set for a fifth straight weekly loss.

  • The news: US spot Bitcoin and Ether ETFs both lost money on 5 and 6 November, and this year’s net flow for the Bitcoin funds has turned negative.
  • The key figure: Bitcoin ETFs lost $430.2 million on…

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