US spot Bitcoin ETFs revert to net outflows of $554.2M

U.S. spot Bitcoin ETFs recorded a total net outflow of $554.19 million on Nov. 7, reverting to outflows after just one day of net inflows, according to data from Trader T. The previous day's inflows had broken a six-consecutive-day streak of outflows. The latest figures include net outflows of $127.17 million from BlackRock's IBIT, $256.66 million from Fidelity's FBTC, $144.24 million from Ark Invest's ARKB, $10.68 million from Bitwise's BITB, and $15.44 million from Grayscale's GBTC.