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U.S. Bitcoin ETF inflows reached $74.6 million on November 4, 2026, reversing three sessions of withdrawals as Bitcoin recovered above $81,000. The return of net buying came alongside a less supportive interest-rate outlook: Goldman Sachs pushed its expected Federal Reserve cuts back to December 2026 and March 2027.

Summary

Key takeaways

  • Bitcoin funds reversed a three-session withdrawal run totaling approximately $1.16 billion.
  • Fidelity’s FBTC drew $236.7 million, while BlackRock’s IBIT lost $201.2 million.
  • Bank of America shifted its expected 2026 rate cuts into the third quarter of 2027.

Fidelity leads the return of U.S. Bitcoin ETF inflows

Fidelity’s FBTC attracted approximately $236.7 million on November 4, leading the positive flows, according to Farside Investors data. Bitwise’s BITB received $15.2 million, and ARK Invest’s ARKB added $19.9 million.

Fidelity’s Wise Origin Bitcoin Fund holds Bitcoin rather than futures contracts. The inflow therefore represented client demand for a fund backed by the underlying cryptocurrency.

BlackRock’s IBIT moved in the opposite direction, losing $201.2 million that day. That extended its withdrawal streak to four sessions, with cumulative outflows reaching $935 million.

Before reaching that positive figure, the fund had seen outflows of $643.2 million on October 30, $398.6 million on November 2 and $115.6 million on November 3. The latest U.S. Bitcoin ETF inflows did not replace the approximately $1.16 billion removed over those sessions.

Bitcoin rebounds above $81,000 after a seven-week low

Bitcoin climbed back above $81,000 on November 5 after falling near $75,600 during the November 3 election period. The earlier decline had taken the cryptocurrency to a seven-week low.

The move above $81,000 did not hold throughout the morning. Subsequent market readings placed Bitcoin back near $80,000, still above its election-period low.

Goldman Sachs and Bank of America push back Fed cuts

Goldman Sachs now forecasts Federal Reserve rate cuts in December 2026 and March 2027, delaying both expected reductions by one quarter. The bank cited persistent inflation and continued labor-market resilience.

The updated forecast reflects worry that energy prices could push core personal consumption expenditures inflation to stay near 3% for the rest of the year, with Goldman Sachs economist David Mericle noting that a rate cut before year-end would probably require both softer inflation data and further weakening in the labor market.

Bank of America adopted a later timetable, removing its expected 2026 cuts and shifting them into the third quarter of 2027.

Returning fund investment meets a later easing outlook

Higher interest rates could constrain liquidity available to risk assets such as Bitcoin. Falling borrowing costs and improving liquidity conditions, by contrast, often benefit the cryptocurrency.

The November 4 fund figures show net investment returning despite the delayed easing forecasts, but substantial withdrawals continued at IBIT. Goldman Sachs also acknowledged that strong economic conditions could lead the Federal Reserve to forgo additional reductions.

Goldman Sachs left its projected terminal interest-rate range unchanged at 3% to 3.25%.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

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