US spot Bitcoin ETFs see $566.4M net outflow, largest since August

U.S. spot Bitcoin ETFs recorded total net outflows of $566.4 million on Nov. 4, marking the fifth consecutive trading day of withdrawals, according to Trader T. This represents the largest single-day outflow since Aug. 1. By fund, Fidelity's FBTC saw $356.58 million in outflows, Ark Invest's ARKB had $128.07 million, and Grayscale's GBTC recorded $48.89 million in withdrawals. Outflows were also seen from VanEck's HODL ($17.04 million), Franklin Templeton's EZBC ($8.72 million), and Bitwise's BITB ($7.1 million).