Crypto
Bitcoin ETFs lost $185.4 million Friday, a seventh straight session of outflows
BlackRock's IBIT has had 11 straight sessions of outflows, and Bitcoin fell below $70,000 the same day.
US spot Bitcoin ETFs recorded $185.4 million in net outflows on Friday. BlackRock's IBIT accounted for $143.5 million of that, and Fidelity's FBTC shed $41.9 million.
The funds lost $2.35 billion over two consecutive weeks. The latest week's total was $1.07 billion, after $1.28 billion the week before, the largest weekly redemptions since late June.
Bitcoin fell below $70,000 on the same day. IBIT's November outflows reached $2.12 billion, roughly 90% of the spot market's net withdrawals.