US spot Bitcoin exchange traded funds saw $299.9 million leave on November 11, with BlackRock's IBIT accounting for $269.7 million of that total. Grayscale's GBTC lost another $39.13 million. Morgan Stanley's MSBT was the sole fund attracting money, bringing in $8.96 million. The withdrawals mark five consecutive trading days of outflows.
The redemptions stem from investor selling rather than fund manager decisions. Total Bitcoin ETF assets remain at $93.70 billion despite the exodus. Ether products also experienced pressure, losing $144.8 million the same day. Some analysts suggest slowing outflows could signal the market nearing a bottom.
Read the full story on BSC News: BlackRock's IBIT Leads $299.9 Million Bitcoin ETF Outflows as Morgan Stanley's MSBT Gains
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