U.S. spot Bitcoin exchange-traded funds recorded $430.2 million in net outflows on Thursday, according to Farside Investors figures cited by Decrypt. The withdrawals coincided with a sharp technology-stock selloff, highlighting how brokerage access can facilitate exits as well as investment in Bitcoin.
Historical report: the original article was published on November 7, 2026, at 02:36:03 UTC+08:00. The figures below reflect that reporting period.
Fidelity and BlackRock accounted for most withdrawals
Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $199.9 million in net outflows, while BlackRock’s iShares Bitcoin Trust (IBIT) lost $105 million. Together, they accounted for about 71% of Thursday’s net withdrawals.
Grayscale’s GBTC recorded another $49.9 million in outflows, and Franklin Templeton’s EZBC lost $32.9 million. No fund in Farside’s table posted positive net flows that day, although several reported no net movement.
Thursday’s withdrawals brought the week’s net outflow to $869.8 million, following a separate $643.2 million outflow the previous Friday. Wednesday’s $74.6 million net inflow had briefly interrupted the withdrawals.
The fund-level shifts were substantial:
- Fidelity: FBTC attracted $236.7 million on Wednesday before losing $199.9 million the following session.
- BlackRock: IBIT lost $201.2 million even on Wednesday, when the overall category posted positive flows. Its five-session withdrawal streak since October 30 reached roughly $1.04 billion.
What ETF flows measure—and what they do not
Spot Bitcoin ETFs give investors a way to adjust Bitcoin exposure through regular brokerage accounts without transferring coins to a crypto wallet. That access is relevant to adoption, but a daily flow figure is not a count of users or evidence of lasting engagement.
Net flows measure ETF share creations minus redemptions at the fund level, not every trade between investors. The figures show money leaving the funds on a net basis; they do not establish whether holders were covering losses elsewhere, reducing Bitcoin exposure or rebalancing portfolios.
The contrast between Wednesday’s inflow and Thursday’s outflow also limits what one positive session can demonstrate about the durability of demand.
Withdrawals coincided with a broader risk selloff
On Thursday, the Nasdaq Composite fell 5.5% and the S&P 500 declined about 4.4%. According to Decrypt, chipmakers and data-center stocks led the retreat as investors questioned the pace of artificial-intelligence spending and potential restrictions after the U.S. midterm elections.
Bitcoin fell back toward $76,000 after trading above $80,000 on Wednesday, surrendering its post-election rebound. The report said short liquidations had helped power that rally, with the reversal adding pressure on leveraged traders.
The concurrent declines provide market context, not a definitive explanation for each ETF redemption. For adoption, the distinction is important: an accessible investment wrapper can broaden participation, but these flow figures alone cannot establish a durable expansion—or contraction—in Bitcoin’s user base.
