Bitcoin ETFs Lose $412M as Ethereum ETFs See $93M in Outflows

Key Insights

• Bitcoin ETFs lost $412M on Nov. 6, while Ethereum ETFs shed $93M, as Bitcoin ETF outflows and Ethereum ETF flows stayed negative for a second day.
• BlackRock’s IBIT led the exit with $403M in withdrawals, while Fidelity’s FBTC drew $42.82M in fresh inflows.
• Two sessions of selling pulled $842.12M from Bitcoin products, and BTC slipped below $76,000 on Nov. 5.

US Spot Bitcoin ETFs recorded $411.92 million in net outflows on Nov. 6, according to Farside Investors’ data. Spot Ethereum funds lost another $93.19 million on the same day.

Bitcoin ETFs Slip Again: Who Led the $412M Exit?

The November 6 session marked the second straight day of heavy withdrawals from Bitcoin ETFs. The outflow followed a $430.20 million exit on Nov. 5.

Together, the two sessions pulled $842.12 million out of US spot Bitcoin products. The figures showed steady pressure on regulated Bitcoin exposure.

BlackRock’s IBIT accounted for most of the Bitcoin ETF outflows. Investors pulled about $403 million from the fund. However, its cumulative net inflows to date still stood near $65.10 billion.

Meanwhile, on November 6, Bitwise’s BITB recorded an outflow of $20.55 million, while Ark 21Shares Bitcoin ETF saw an outflow of $20.09 million.

Simultaneously, the outflow from Grayscale Bitcoin ETF (GBTC) was recorded at $11.11 million. Fidelity’s FBTC moved against the trend.

It was the only Bitcoin fund to record fresh inflows. Its cumulative net inflows reached roughly $10.27 billion to date. This showed that demand did not move the same way across all issuers.

Total net assets of US spot Bitcoin ETFs stood near $95.90 billion at the time of writing. That equaled 6.28% of the total BTC market capitalization. Cumulative net inflows stayed positive at $55.70 billion, according to Farside Investors data.

Ethereum ETFs See $93M in Outflows as ETHA Takes the Hit

Spot Ethereum ETFs recorded net outflows of $93.19 million on Nov. 6, based on Farside Investors’ data. This marked the second day of negative Ethereum ETF flows.

The Nov. 5 outflow was near $100 million, in tandem with the sentiment surrounding the US Spot Bitcoin ETFs. Readers can track the latest Ethereum price update for more market context.

BlackRock’s ETHA recorded an outflow of $90.76 million, while the Grayscale fund’s outflow totaled $1.91 million. Fidelity’s FETH also saw an outflow of $1.67 million, while BlackRock’s ETHB witnessed an influx of $1.15 million

BlackRock’s staked Ethereum product, ETHB, was the only fund to see inflows. Its all-time net inflows stood at $785 million.

Total net assets of Ethereum ETFs stood at $12.84 billion at press time. That equaled 4.71% of the ETH market capitalization. Cumulative net inflows stayed positive at $11.92 billion.

ETHA held the largest share of assets at $6.55 billion. Grayscale’s ETH held $2.04 billion, while Grayscale’s ETHE held $1.52 billion.

What Do Bitcoin ETF Outflows Mean for BTC?

Bitcoin ETF flows show how much capital enters or leaves Bitcoin through regulated products. When investors redeem shares, funds may need to sell BTC to meet those requests.

Continued Bitcoin ETF outflows could reduce demand from this channel. ETF flows alone do not set the price, though. Exchange activity, derivatives positioning, and macro trends also play a role.

CoinGlass explained that sustained net outflows may suggest capital is leaving ETFs or cutting risk exposure. It also noted that ETF data works better for medium-term trends than short-term signals.

The latest selling followed a weak stretch for crypto. BTC slipped below $76,000 on Nov. 5 amid a tech-stock selloff. More than $1 billion in crypto liquidations also hit the market.

Ethereum ETF flows echoed the same pressure on a smaller scale. Both products saw two straight days of net withdrawals.

Traders were watching whether the withdrawals were short-term portfolio moves or a lasting drop in institutional demand. The next few sessions of Bitcoin ETF and Ethereum ETF data could show which view held.

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