U.S. spot Bitcoin ETFs recorded $399M in net outflows and Ethereum ETFs saw $140M outflows on November 2, with Fidelity and Morgan Stanley funds showing modest inflows.
Macro & Markets ·
U.S. spot Bitcoin ETFs experienced net outflows of $399 million on November 2, according to data from SoSoValue. Within that decline, Fidelity's FBTC fund attracted $6.68 million in individual inflows, the largest among Bitcoin ETF products. Spot Ethereum ETFs saw $140 million in net outflows over the same period, though Morgan Stanley's Ethereum Trust (MSSE) posted $3.15 million in inflows—the strongest performance in that category.
The outflow pattern reflects broader pullback in institutional crypto exposure tracking to a single trading day. The divergence between aggregate fund flows and select product-level inflows suggests uneven investor positioning, with certain vehicles retaining capital while the overall market-weighted trend moved toward redemption.
What remains unclear is whether these flows reflect profit-taking, tactical rebalancing, or reaction to specific market or macroeconomic events on November 2. The data does not indicate whether the pattern persisted in subsequent sessions or whether inflow momentum in the outperforming funds has sustained.