US spot bitcoin ETFs lost a net $398.6 million on Monday, 2 Nov, according to Farside data. CryptoWatchDesk’s last ETF Desk covered Friday’s $643.2 million outflow; the two sessions together come to $1,041.8 million.

This time the selling sat in one fund. BlackRock’s IBIT lost $405.3 million, its largest daily outflow since 26 Jun, while Fidelity’s FBTC took in $6.7 million. Every other bitcoin fund reported no flow. On Friday the outflows had been spread across five issuers.

Ether funds lost a net $139.7 million, a sixth straight day of outflows, almost all of it from BlackRock’s ETHA. Solana funds reported no flow.

Fund Net flow, 2 Nov ($M) 30 Oct + 2 Nov ($M)
IBIT (BlackRock) −405.3 −639.0
FBTC (Fidelity) +6.7 −194.3
ARKB (ARK 21Shares) 0.0 −129.5
GBTC (Grayscale) 0.0 −53.3
BITB (Bitwise) 0.0 −25.7
Other bitcoin funds 0.0 0.0
Bitcoin ETFs total −398.6 −1,041.8
ETHA (BlackRock) −138.3 −214.9
ETHB −4.6 −24.1
MSSE (Morgan Stanley) +3.2 +2.5
Other ether funds 0.0 −58.9
Ether ETFs total −139.7 −295.4
Solana ETFs total 0.0 −10.8

Source: Farside Investors, US-listed spot funds. The 30 Oct “other ether” figure is Grayscale’s ETH Mini (−34.1), ETHE (−21.5) and FETH (−3.3).

The week and the month both stand at −$398.6 million for bitcoin funds after one session. A single-fund day is worth reading carefully: IBIT has taken in $65.9 billion since launch, by far the most on Farside’s table, and one large redemption there can outweigh flat days everywhere else.

Ether funds have now lost $571.1 million over six sessions since 26 Oct; the last inflow was $4.4 million on 23 Oct. Flows record shares created and redeemed; they are not a forecast. For how the funds hand back assets, see how in-kind ETF redemptions work, and for the on-chain side, Monday’s Signal Board on exchange outflows and a shrinking stablecoin pool.

Bitcoin was near $76,896 on Kraken at 10:49 UTC on Tuesday.

This article is for information only and is not investment advice.