U.S. crypto ETF outflows topped $540 million on Thursday, November 5, including $430.2 million from spot Bitcoin funds, as a selloff in technology stocks coincided with a reversal in Bitcoin’s post-election rebound.

Bitcoin traded at $75,801 as of 18:49 UTC on November 6, down 0.42% over 24 hours, according to CoinGecko. The daily price move is context; the reported ETF withdrawals cover Thursday’s fund flows.

What Happened: Crypto ETFs Lost More Than $540 Million

U.S. spot crypto ETFs recorded more than $540 million in withdrawals on Thursday, according to The Block. Its report gives the aggregate figure but not a product-by-product breakdown across all crypto funds.

Spot Bitcoin ETFs accounted for $430.2 million of the withdrawals. Decrypt, citing Farside Investors, said no fund in its Thursday Bitcoin ETF flow table recorded a positive net flow, although several had no net movement.

The Bitcoin-only figure is not the full crypto ETF total: it is one part of the more-than-$540 million aggregate. The available breakdown does not support assigning the difference to a particular asset or fund.

The distinction in scope is important: the Bitcoin figure refers to the listed spot Bitcoin products, while the larger total covers U.S. spot crypto ETFs across major products. The figures therefore describe related but non-identical groups of funds. Without a complete product-level breakdown for the broader total, it is not possible to say how much any non-Bitcoin category contributed or whether withdrawals were spread evenly among products.

Thursday’s numbers capture a single trading day, not a final measure of investor demand over a longer period. A daily net outflow can be followed by an inflow, as Wednesday’s Bitcoin ETF total showed, and neither a large withdrawal nor a one-day reversal establishes a durable trend by itself. The multi-session and weekly readings provide additional context, but remain snapshots of fund activity through Thursday.

Which Bitcoin Funds Saw the Biggest Outflows?

Fidelity’s Wise Origin Bitcoin Fund, ticker FBTC, had the largest listed withdrawal at $199.9 million. BlackRock’s iShares Bitcoin Trust, or IBIT, lost $105 million; together, the two funds made up about 71% of Thursday’s Bitcoin ETF outflows.

Grayscale’s GBTC lost $49.9 million, while Franklin Templeton’s EZBC shed $32.9 million. Those four figures add up to $387.7 million, leaving the remainder of the $430.2 million Bitcoin ETF total across other products in the table.

The split shows that Thursday’s Bitcoin withdrawals were concentrated in two of the largest funds, but the flows alone do not identify who redeemed shares or why. A fund-level net figure records creations minus redemptions, rather than every trade between investors in ETF shares.

The concentration is visible in the daily totals, but the table does not identify the investors behind them. A fund can show net redemptions even while some investors are buying its shares, if creations are outweighed by redemptions over the measurement period. Nor does a fund’s net figure show whether a seller exited Bitcoin exposure altogether or shifted to another product or form of exposure.

FBTC and IBIT together represented about 71% of the day’s Bitcoin ETF withdrawals, leaving a substantial portion of the reported total outside those two products. The named figures for GBTC and EZBC show that other funds also registered withdrawals, while the remaining amount was spread across the other products in the table. These totals establish where the net activity was recorded, not whether a particular fund’s holders were more pessimistic about Bitcoin than holders of another fund.

Bitcoin ETF Flows Reversed After a Brief Reprieve

Wednesday had brought a $74.6 million net inflow to U.S. spot Bitcoin ETFs. The positive day followed a $643.2 million outflow the previous Friday, making Thursday’s withdrawals a sharp return to negative daily flows.

Fidelity’s FBTC swung from a $236.7 million inflow on Wednesday to a $199.9 million outflow on Thursday. BlackRock’s IBIT lost $201.2 million on Wednesday as well, extending a five-session withdrawal streak that began October 30 and reached roughly $1.04 billion.

Through Thursday, this week’s Bitcoin ETF net outflow stood at $869.8 million. That weekly total includes the Thursday withdrawals and puts the single-day reversal in the context of several days of fund redemptions, rather than just the one session.

The contrasting fund results on Wednesday show why the aggregate and product-level readings need to be kept separate. Bitcoin funds overall attracted $74.6 million that day, but IBIT still recorded a $201.2 million outflow, while FBTC brought in $236.7 million. A positive daily total for the group did not mean every fund was receiving creations; the next session then brought a broad negative reading, with no fund in the reported table posting a positive flow.

The weekly figure also includes more than the latest session: it summarizes the net result through Thursday after the prior Friday’s sizable withdrawal, Wednesday’s smaller inflow, and intervening daily activity. It should not be added to Thursday’s $430.2 million as if the two were independent totals. Thursday is already part of the reported week-to-date number.

Why the Stock-Market Selloff Matters

Thursday’s outflows came as the Nasdaq Composite fell 5.5% and the S&P 500 dropped about 4.4%. Chipmakers and data-center stocks led the declines amid investor questions about the pace of artificial-intelligence spending and potential restrictions after the U.S. midterm elections.

Bitcoin gave back its post-election rebound, falling toward $76,000 after trading above $80,000 on Wednesday. Short liquidations had helped fuel the earlier rise, according to the account in Decrypt’s coverage; the reversal then made conditions more difficult for leveraged traders.

The timing links the ETF withdrawals with a broad retreat in risk assets, but it does not establish that the stock decline caused investors to redeem Bitcoin ETF shares. The reporting also says fund flows cannot determine whether holders were raising cash to cover losses elsewhere, trimming Bitcoin exposure, or rebalancing portfolios.

The available account of the equity selloff points to two specific areas of investor concern: the pace of artificial-intelligence spending and the possibility of restrictions following the midterm elections. Chipmakers and data-center stocks were among the areas leading the decline. Those details describe the pressures being discussed in equity markets; they do not show that the same investors were responsible for Bitcoin fund redemptions or that those concerns directly triggered them.

Bitcoin’s move from above $80,000 on Wednesday toward $76,000 came after a rise partly supported by short liquidations. When the price reversed, leveraged traders faced a less favorable move. That sequence adds context to the abrupt change in market conditions, but the reported facts do not quantify how much of Bitcoin’s move came from liquidations or connect those trades to the ETF flow totals.

The different markets also have different measurement points. The index declines describe price performance in equities, Bitcoin’s quoted price describes its spot-market level, and ETF net flows describe creations and redemptions at the fund level. Their timing can be compared, as it was on Thursday, but the co-occurrence alone does not establish the direction of causation among them.

What Thursday’s Crypto ETF Outflows Show

ETF net flows count fund-share creations minus redemptions. They capture activity at the fund level, not all secondary-market trades between investors, and do not reveal the motivation behind a redemption.

The figures show that brokerage-based Bitcoin exposure can be reduced through ETF shares during a market downturn, just as it can be increased through them. Thursday’s $430.2 million Bitcoin ETF outflow and the broader crypto ETF figure above $540 million describe withdrawals, not a forecast for Bitcoin’s next price move.

That distinction matters when reading a daily flow total alongside market prices. The weekly Bitcoin ETF outflow through Thursday was $869.8 million, while the market’s next direction cannot be inferred from that number alone.

Because ETF shares trade on stock exchanges, investors can adjust Bitcoin exposure through a brokerage account without transferring coins to a crypto wallet. That is a feature of the fund structure, not evidence that a particular type of investor drove Thursday’s activity. The net flow records changes at the fund level; trades between investors in existing shares are not themselves equivalent to new fund creations or redemptions.

This also limits what can be concluded from the absence of positive daily flows in the Bitcoin table. It means the reported net figures were either negative or unchanged for the listed funds; it does not establish that no one bought Bitcoin ETF shares during the session. Gross buying and selling can occur at the same time, with the reported net outcome reflecting the balance recorded for each fund.

The same caution applies to the broader crypto ETF total. The aggregate establishes that withdrawals across the products covered exceeded $540 million, while the available reporting does not supply a complete product-by-product allocation. It is therefore not possible to use that total to infer a specific shift between Bitcoin and other crypto assets.

A Previous Bitcoin ETF Outflow Offers Historical Context

A separate earlier episode provides a point of comparison for the scale of ETF withdrawals. On September 4, 2024, U.S. spot Bitcoin ETFs recorded $287.8 million in withdrawals, described at the time as the largest single-day outflow since May 1. Fidelity led that day with $162 million in outflows, followed by Grayscale at $50 million, Ark at $34 million, and Bitwise at $25 million; BlackRock recorded no outflow.

That 2024 snapshot is not a like-for-like measure of Thursday’s 2026 event. It covers an earlier period and a different set of daily fund flows. It does, however, show that significant withdrawals from spot Bitcoin products had occurred before the current market episode, even while the funds were described as having generally maintained strong inflows over the preceding months. At that time, the products collectively managed around $50 billion in assets.

The historical figures also illustrate why a single large withdrawal should be read alongside a longer sequence. The 2024 account placed its outflow against months in which spot Bitcoin ETFs generally recorded inflows, with only one month of outflows in the preceding eight months. Thursday’s 2026 total, by contrast, arrives after a week that already included a large Friday outflow and a brief positive day on Wednesday. These are different windows, and neither alone settles the longer-term direction of ETF demand.

There is also a difference between comparing headline totals and comparing fund-level leadership. Fidelity led the listed withdrawals in both episodes, but the 2024 figures included zero outflow for BlackRock while IBIT recorded a substantial withdrawal during the current week, including on Wednesday’s positive day for Bitcoin funds overall. The comparison describes those reported sessions only; it does not establish a persistent pattern among fund providers or their investors.

What to Watch After the $540 Million Withdrawal Day

The latest daily flow figure in the coverage is Thursday’s $430.2 million Bitcoin ETF outflow, following Wednesday’s $74.6 million inflow. The reported weekly tally through Thursday is $869.8 million in net withdrawals from spot Bitcoin funds.

The next useful comparison is whether subsequent daily flows continue the withdrawal streaks or turn positive. The reporting provides no later flow reading or scheduled fund decision, so the next confirmed comparison will come from a later daily flow update.

Bitcoin’s retreat toward $76,000 after trading above $80,000 adds market context, while the Nasdaq and S&P 500 declines show the scale of Thursday’s wider equity selloff. Neither market move settles the question of why individual ETF holders redeemed.

Later daily readings can show whether Thursday’s outflows continued, eased, or reversed, and whether the funds with the longest withdrawal streaks returned to positive net flows. A single subsequent session would update the short-term record but would not by itself explain the motives behind prior redemptions. The reporting available for this article contains no later fund-flow figure, so it does not support a claim about what happened after Thursday.

The equity and Bitcoin price moves will likewise require later observations before their paths can be compared with the next fund-flow update. The figures here establish that the stock-market selloff, Bitcoin’s retreat, and ETF withdrawals occurred in the same period; they do not provide a scheduled regulatory decision, a fund announcement, or an attributed reaction from a market participant that would resolve the cause.

For readers tracking the data, the key distinction is between the daily Bitcoin total, the broader crypto ETF aggregate, and the week-to-date Bitcoin figure. Each covers a different scope or time window. Keeping those measures separate avoids treating the more-than-$540 million crypto ETF total as Bitcoin-only, or counting Thursday’s outflow twice when considering the weekly tally.

FAQ

When did the reported crypto ETF outflows happen?

The withdrawals took place on Thursday, November 5, 2026. The figures were covered in reporting published Friday, November 6.

How much did U.S. spot Bitcoin ETFs lose that day?

Spot Bitcoin ETFs recorded $430.2 million in net outflows on Thursday. The broader U.S. spot crypto ETF total was more than $540 million.

Which Bitcoin ETF had the largest Thursday outflow?

Fidelity’s FBTC had the largest listed outflow, at $199.9 million. BlackRock’s IBIT followed with $105 million.

How much did BlackRock’s IBIT lose during its withdrawal streak?

IBIT’s five-session streak, starting October 30, reached roughly $1.04 billion through Thursday. It also lost $201.2 million on Wednesday, when Bitcoin ETF flows overall were positive.

What was the Bitcoin ETF outflow for the week through Thursday?

Net outflows reached $869.8 million through Thursday. The figure followed Wednesday’s $74.6 million inflow and included Thursday’s $430.2 million withdrawal.

Do ETF flow figures show why investors redeemed?

No. Net flows track fund-share creations and redemptions, but do not establish whether investors sold to raise cash, reduce Bitcoin exposure, or rebalance portfolios.

This article is for information only and is not financial advice.

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