US Bitcoin Spot ETFs saw net outflows of $1.28 billion this week.

On November 8 that, according to The Block, US spot Bitcoin ETFs recorded net outflows of $1.28 billion this week, marking the largest weekly outflow since late June and the second consecutive week of net outflows.

As of Friday, the 12 funds had recorded cumulative net outflows of approximately $914.1 million year-to-date, compared to cumulative net inflows of about $368 million prior to the start of this week. Net outflows on Friday totaled $411.9 million, with BlackRock's IBIT recording $403 million in outflows.

Spot Ethereum ETFs saw net outflows of $365.3 million this week, marking the sixth consecutive week of net outflows; both Solana and Hyperliquid ETFs similarly logged a fifth consecutive week of net outflows.