U.S. spot Bitcoin exchange-traded funds recorded $430.2 million in net outflows on Thursday, with Fidelity and BlackRock accounting for about 71% of the withdrawals, according to Farside Investors data cited by Decrypt.
The figures were reported in an article published on November 7, 2026, at 02:36:03 UTC+8. They describe that reporting period, not current market conditions.
Fidelity and BlackRock lead withdrawals
Fidelity’s Wise Origin Bitcoin Fund (FBTC) registered $199.9 million in net outflows, while BlackRock’s iShares Bitcoin Trust (IBIT) lost $105 million. Grayscale’s GBTC recorded another $49.9 million in withdrawals, and Franklin Templeton’s EZBC lost $32.9 million.
None of the funds in Farside’s table recorded positive net flows on Thursday, although several had no net movement.
The withdrawals brought the week’s net outflow to $869.8 million, following a separate $643.2 million outflow the previous Friday. Wednesday had provided a brief interruption, with aggregate net inflows of $74.6 million.
Fund-level results differed sharply. Fidelity attracted $236.7 million on Wednesday before losing nearly $200 million the following session. BlackRock recorded $201.2 million in withdrawals even on Wednesday’s positive day for the group. Its five-session outflow streak, beginning October 30, reached roughly $1.04 billion.
Equity declines provide market context
The ETF redemptions coincided with a 5.5% fall in the Nasdaq Composite and an approximately 4.4% decline in the S&P 500. Decrypt reported that chipmakers and data-center stocks led the selloff as investors questioned the pace of artificial-intelligence spending and potential restrictions following the U.S. midterm elections.
Bitcoin also gave up its post-election rebound, retreating toward $76,000 after trading above $80,000 on Wednesday. According to the report, short liquidations had helped fuel the earlier rally, before the reversal put leveraged traders under pressure.
What the flow figures do—and do not—show
Spot Bitcoin ETFs let investors adjust their exposure through brokerage accounts without transferring Bitcoin to a crypto wallet. That accessibility facilitates both purchases and exits.
However, daily net flows measure ETF share creations minus redemptions, not every exchange trade between investors. The withdrawals therefore do not establish why holders reduced exposure. The figures alone cannot distinguish between investors raising cash to cover losses elsewhere, cutting Bitcoin holdings or rebalancing portfolios.
Original source: Decrypt.