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During the US stock trading period last week (November 10-14), Bitcoin Spot ETF experienced a net outflow of $1.11 billion in funds over the week. This marks the third consecutive week of net outflows.
The largest outflow was from BlackRock's IBIT, which saw $532 million leave in just one week. However, since its launch, IBIT has accumulated a net inflow of $63.79 billion, so it still has a solid foundation.
The continuous outflow during this period reflects the subtle changes in market sentiment recently, and institutional funds seem to be in a phase of wait-and-see.