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Bitcoin ETFs Lose $399M as 2-Day Outflows Top $1.04B

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: U.S. bitcoin ETFs opened November with $398.62 million in net outflows, extending the heavy selling that closed October. Ether funds lost another $139.80 million, while Zcash, HYPE and XRP also started the month in negative territory. Blackrock Drives $399M Bitcoin ETF Exit November began with institutional investors still clearing risk from their books. Bitcoin exchange-traded […] Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Over $1.04B in two-day ETF outflows shows institutional risk reduction pressuring major crypto assets.

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Bitcoin ETFs Lose $399M as 2-Day Outflows Top $1.04B — Crypto Insight