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Bitcoin ETFs lose $1.41 billion over seven sessions, Jordan Kerridge notes

Bitcoin ETFs lose $1.41 billion over seven sessions, Jordan Kerridge notes
Bitcoin Ethereum ETF net outflows continue

Bitcoin and Ethereum exchange-traded funds have logged six consecutive days of net outflows.

Jordan Kerridge reported that on November 12, Bitcoin ETFs recorded $47.7 million in outflows while Ethereum ETFs posted $8 million in outflows. Over the last seven trading sessions, Bitcoin ETFs have collectively lost approximately $1.41 billion.

Heavy losses have been seen in other asset classes recently. Jordan Kerridge previously reported that $1.8 trillion was wiped out of U.S. equities as tech and AI stocks sold off. Earlier, he covered Iran's statement that the Strait of Hormuz could reopen in seven days if U.S. conditions are met. These developments have put continued market pressure in focus.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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