U.S. spot Bitcoin and Ethereum ETFs saw a combined net outflow of nearly $1.5 billion in the week ending November 9-13. Specifically, the Bitcoin ETF experienced a net outflow of approximately $1.07 billion that week, with cumulative net inflows decreasing from $57 billion on October 30 to $54.63 billion on November 13.
The Ethereum ETF saw a net outflow of approximately $399 million this week, marking the seventh consecutive week of net outflows. The cumulative net inflow decreased from $13.94 billion at the end of September to $11.52 billion.
During the same period, the price of Ethereum fell to above $1,700, a three-month low; the price of Bitcoin fell from $81,000 to $62,000 in ten days.