加载图片中Bitcoin spot ETFs see $412 million in net outflows on November 6

BlackRock's IBIT drove most of the redemptions as Ethereum funds shed $93.19 million on the same day

Sat 7 Nov 2026 · 00:33 EST · 3 min read

In Crypto

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US spot Bitcoin exchange-traded funds lost $412 million in net outflows on November 6. Ethereum spot ETFs shed another $93.19 million on the same day.

This was not a one-off. It was the second straight day of heavy redemptions, and it pushed a year that once looked like a victory lap for Bitcoin ETFs into slightly negative territory.

BlackRock carries most of the weight

According to data aggregated by SoSoValue, the bulk of Thursday’s Bitcoin outflow came from a single product. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for around $403 million of the total.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) went the other way. It pulled in $42.8 million in inflows, making it a rare green number on an otherwise red board.

The split matters. One fund losing hundreds of millions while a direct competitor gains tens of millions suggests investors were not uniformly heading for the exits.

Ethereum products did not escape the mood. Spot Ethereum ETFs recorded $93.19 million in net outflows, with BlackRock products among the larger contributors to those losses.

Two days, one direction

November 6 followed a rough November 5. On that day, Bitcoin ETFs saw outflows of approximately $430 million, while Ethereum ETFs lost about $100 million.

By early November 2026, cumulative net flows for Bitcoin ETFs this year had turned slightly negative, showing a decline of roughly $502 million since the start of the year.

Size still matters here, though. As of early November 2026, Bitcoin ETFs held around $96.65 billion in assets. Against that base, a roughly $502 million year-to-date deficit is a dent, not a collapse.

The macro backdrop

The redemptions did not happen in a vacuum. They coincided with a technology stock selloff and a significant decline in Nasdaq indices.

Sentiment was also cautious in the aftermath of the US midterm elections.

Bitcoin was trading near $75,000 to $76,000 while the outflows played out.

What this means for investors

The FBTC inflow is a useful counterpoint to the gloomier read. A $42.8 million gain on a day when the category lost $412 million shows that demand has not disappeared entirely.

The concentration in IBIT is also worth watching on its own terms. When a single fund accounts for around $403 million of a $412 million category outflow, the headline number partly reflects decisions by holders of one product.

For Ethereum, the picture is a smaller version of the same story. Outflows of $93.19 million on November 6 followed about $100 million the prior day.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.