Bitcoin spot ETFs saw a total net outflow of $903 million yesterday, the second highest in history.

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According to data from SoSoValue, Bitcoin spot ETFs saw a net outflow of $903 million yesterday (November 20th, Eastern Time).

The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock ETF IBIT, with a net outflow of $355 million. IBIT's total historical net inflow has reached $62.826 billion.

The second largest outflow was from the Grayscale ETF GBTC, which saw a net outflow of $199 million in a single day. GBTC's total historical net outflow has now reached $25.095 billion.

As of press time, the total net asset value of the Bitcoin spot ETF was $113.02 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.55%, and a historical cumulative net inflow of $57.397 billion.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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