Bitcoin ETFs record total daily outflow of $54.94 million as BTC hovers at $69,000

US Bitcoin spot exchange-traded funds recorded daily outflows of $54.94 million as of November 1, with Ethereum following suit with outflows of $10.93 million.

Latest data from SoSoValue shows that US Bitcoin (BTC) spot ETFs posted an outflow of $54.94 million on November 1.

IBIT’s one-day net inflow was at $0. According to the data, cumulative IBIT inflow amounted to 26.14 billion dollars.

On the other hand, GBTC’s cumulative net inflow reached -$20.16 billion with an outflow of $5.51 million.

FBTC, ARKB and BITB showed net outflows of $25.64 million, $24.13 million and $5.64 million, respectively.

US BTC Spot ETF inflow data from SoSoValue

Grayscale Bitcoin Mini Trust was the only company with inflows of $13.51 million. This brings the cumulative net inflow to $502.07 million as of November 1.

The majority of Bitcoin ETFs report outflows rather than inflows. The cumulative total net inflow of all Bitcoin ETFs stood at around $24.15 billion as of November 1.

Record $10.93 million outflow from Ethereum ETFs broken

Compared to Bitcoin ETFs, Ethereum (ETH) ETFs also recorded a negative exit date of $10.93 million. According to SoSoValue data, cumulative total net inflow was at -491.44 million dollars.

Interestingly, ETHE is the only Ethereum ETF to record an outflow of $11.43 million. This brought the cumulative net inflow to -$3.13 billion.

Other ETFs remained at $0 with no inflows or outflows, including ETHA, ETH, FETH, ETHW, ETHV, and EZET.

QETH, on the other hand, gained inflows of over $502,000, bringing its cumulative net flow to $25.82 million.

The weak entry comes as the overall crypto market cap falls to $2.32 trillion. While Bitcoin price dropped to $69,400, Ethereum dropped to $2,490.