Key Takeaways
- • U.S. spot Bitcoin ETFs took in $74.6 million on November 4, 2026, ending three sessions of withdrawals that had totaled roughly $1.16 billion, according to Farside Investors data.
- • Fidelity's FBTC led inflows with approximately $236.7 million, while BlackRock's IBIT lost $201.2 million, extending its outflow streak to four sessions with cumulative outflows of $935 million.
- • Goldman Sachs pushed its expected Federal Reserve rate cuts to December 2026 and March 2027, while Bank of America moved its expected 2026 cuts into the third quarter of 2027.
- • Bitcoin recovered above $81,000 on November 5 after a seven-week low near $75,600 during the November 3 election period, though it slipped back toward $80,000 later in the morning.
Summary
U.S. Bitcoin ETFs recorded net inflows of $74.6 million on November 4, 2026, reversing three consecutive sessions of withdrawals as Bitcoin recovered above $81,000. The return of buying came alongside a less supportive interest-rate outlook, with Goldman Sachs pushing its expected Federal Reserve cuts back to December 2026 and March 2027.
According to Farside Investors data, Fidelity's FBTC attracted approximately $236.7 million on November 4, leading the positive flows. Bitwise's BITB received $15.2 million and ARK Invest's ARKB added $19.9 million. The article notes that Fidelity's Wise Origin Bitcoin Fund holds Bitcoin directly rather than futures contracts, so the inflow reflected client demand for a fund backed by the underlying cryptocurrency.
BlackRock's IBIT moved in the opposite direction, losing $201.2 million that day. This extended its withdrawal streak to four sessions, with cumulative outflows reaching $935 million. Earlier outflows included $643.2 million on October 30, $398.6 million on November 2 and $115.6 million on November 3. The November 4 net inflow did not offset the approximately $1.16 billion removed from Bitcoin funds over those sessions.
Bitcoin climbed back above $81,000 on November 5 after falling near $75,600 during the November 3 election period, which had marked a seven-week low. The move did not hold through the morning, with subsequent readings placing Bitcoin near $80,000, still above its election-period low.
Goldman Sachs now forecasts Federal Reserve rate cuts in December 2026 and March 2027, delaying both expected reductions by one quarter. The bank cited persistent inflation and continued labor-market resilience, and economist David Mericle noted that a cut before year-end would probably require both softer inflation data and further weakening in the labor market. Goldman's concern is that energy prices could keep core PCE inflation near 3% for the rest of the year. Bank of America removed its expected 2026 cuts and shifted them into the third quarter of 2027. Goldman Sachs left its projected terminal rate range unchanged at 3% to 3.25% and acknowledged that strong economic conditions could lead the Fed to forgo further reductions.
Higher rates can constrain liquidity available to risk assets such as Bitcoin, while falling borrowing costs often benefit the cryptocurrency. The November 4 figures show net investment returning despite the delayed easing outlook, but sustained withdrawals at IBIT suggest the flow picture remains mixed.
According to Farside Investors data, Fidelity's FBTC attracted approximately $236.7 million on November 4, leading the positive flows. Bitwise's BITB received $15.2 million and ARK Invest's ARKB added $19.9 million. The article notes that Fidelity's Wise Origin Bitcoin Fund holds Bitcoin directly rather than futures contracts, so the inflow reflected client demand for a fund backed by the underlying cryptocurrency.
BlackRock's IBIT moved in the opposite direction, losing $201.2 million that day. This extended its withdrawal streak to four sessions, with cumulative outflows reaching $935 million. Earlier outflows included $643.2 million on October 30, $398.6 million on November 2 and $115.6 million on November 3. The November 4 net inflow did not offset the approximately $1.16 billion removed from Bitcoin funds over those sessions.
Bitcoin climbed back above $81,000 on November 5 after falling near $75,600 during the November 3 election period, which had marked a seven-week low. The move did not hold through the morning, with subsequent readings placing Bitcoin near $80,000, still above its election-period low.
Goldman Sachs now forecasts Federal Reserve rate cuts in December 2026 and March 2027, delaying both expected reductions by one quarter. The bank cited persistent inflation and continued labor-market resilience, and economist David Mericle noted that a cut before year-end would probably require both softer inflation data and further weakening in the labor market. Goldman's concern is that energy prices could keep core PCE inflation near 3% for the rest of the year. Bank of America removed its expected 2026 cuts and shifted them into the third quarter of 2027. Goldman Sachs left its projected terminal rate range unchanged at 3% to 3.25% and acknowledged that strong economic conditions could lead the Fed to forgo further reductions.
Higher rates can constrain liquidity available to risk assets such as Bitcoin, while falling borrowing costs often benefit the cryptocurrency. The November 4 figures show net investment returning despite the delayed easing outlook, but sustained withdrawals at IBIT suggest the flow picture remains mixed.
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