U.S. crypto ETFs lose $1.65 billion in early November as IBIT drives Bitcoin outflows

Nov 8, 2026 17:35 (9h ago)

Spot Bitcoin ETFs recorded $1.282 billion in net outflows during the first week of November.
Ether ETFs lost $365.2 million, extending their negative weekly streak to six weeks.
IBIT accounted for 94.4% of Bitcoin ETF withdrawals, while FBTC posted $93 million inflows.

U.S. crypto exchange-traded funds recorded roughly $1.65 billion in outflows during the first full week of November, as investors reduced exposure after the Binance hack and amid the U.S. midterm elections. Spot Bitcoin ETFs accounted for $1.282 billion of the withdrawals, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) responsible for $1.21 billion, or 94.4%. Bitcoin funds recorded outflows on four of five sessions, offset by $74.57 million of inflows on Nov. 4, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $93 million in net inflows and all other Bitcoin funds combined for $72 million in net outflows. Ether ETFs lost $365.2 million, extending their negative weekly streak to six weeks; cumulative net inflows declined from $13.94 billion at the end of September to $11.92 billion as of Nov. 6. The flows measure net fund activity rather than gross redemptions or total Bitcoin selling, and IBIT’s prospectus permits both cash and in-kind redemptions.