Key Takeaways
- • US spot Bitcoin ETFs lost $1.28 billion during November 2–6, according to Farside Investors, while Ether ETFs recorded $365.2 million in net outflows, bringing combined withdrawals to roughly $1.65 billion.
- • BlackRock's iShares Bitcoin Trust (IBIT) accounted for most of the Bitcoin losses with approximately $1.21 billion in weekly outflows, including its largest single-day withdrawals on record on Monday ($405.3 million) and Friday ($403 million).
- • Fidelity's FBTC posted net inflows of $93.1 million for the week, and Fidelity's FETH gained $15.3 million, the only major fund exceptions to the broader selling.
- • BlackRock's ETHA led Ether outflows at $345.9 million for the week, with sister product ETHB losing $47.9 million.
- • Bitcoin ETF outflows accelerated from $202.4 million in the October 26–30 week, more than six times the prior week's figure, while cumulative US Bitcoin ETF net inflows since launch stand at $55.77 billion.
Summary
US spot Bitcoin exchange-traded products lost $1.28 billion between November 2 and November 6, according to data from Farside Investors cited by TronWeekly. Ethereum funds recorded a further $365.2 million in net withdrawals, bringing combined outflows across both categories to about $1.65 billion. The Bitcoin ETF complex posted four losing sessions in the five-day period, with Wednesday the only day of net inflows, and Friday alone saw $411.9 million in Bitcoin redemptions and $93.3 million in Ether withdrawals.
BlackRock's iShares Bitcoin Trust (IBIT) was the principal source of the selling, with weekly losses of $1.21 billion. The fund recorded withdrawals on every trading day, including its largest single-day outflows in history on Monday ($405.3 million) and Friday ($403 million). On Wednesday, when the broader market recorded net inflows, IBIT still lost $201.2 million, while smaller funds such as ARKB, Bitwise's BITB and Invesco's BTCO attracted modest subscriptions. Fidelity's FBTC was the notable counterpoint, posting net weekly inflows of $93.1 million despite a $199.9 million outflow on Thursday. Bitwise recorded net inflows of $16.6 million for the week, while Grayscale's GBTC lost $61 million and its Bitcoin Mini Trust lost $52.6 million.
Ether ETF flows were similarly concentrated. BlackRock's ETHA recorded $345.9 million in outflows and its sister product ETHB lost $47.9 million. Fidelity's FETH was the exception, gaining $15.3 million for the week on the strength of a $19.2 million Wednesday inflow. Daily Ether flows were negative on most days, with Monday and Tuesday outflows of $139.7 million and $85.3 million respectively, and Friday's $93.3 million outflow was the largest of the week.
The midweek recovery in Bitcoin ETFs proved temporary. Wednesday's net inflow of $74.6 million broke two consecutive negative sessions, but Thursday and Friday brought outflows of $430.2 million and $411.9 million. Weekly Bitcoin ETF outflows of $1.28 billion compare with $202.4 million in the October 26–30 period, a more than sixfold increase, while Ether outflows moderated from $431.4 million to $365.2 million. Cumulative net inflows into US Bitcoin ETFs since launch stand at $55.77 billion, and Ether funds have accumulated roughly $11.95 billion, per Farside.
BlackRock's iShares Bitcoin Trust (IBIT) was the principal source of the selling, with weekly losses of $1.21 billion. The fund recorded withdrawals on every trading day, including its largest single-day outflows in history on Monday ($405.3 million) and Friday ($403 million). On Wednesday, when the broader market recorded net inflows, IBIT still lost $201.2 million, while smaller funds such as ARKB, Bitwise's BITB and Invesco's BTCO attracted modest subscriptions. Fidelity's FBTC was the notable counterpoint, posting net weekly inflows of $93.1 million despite a $199.9 million outflow on Thursday. Bitwise recorded net inflows of $16.6 million for the week, while Grayscale's GBTC lost $61 million and its Bitcoin Mini Trust lost $52.6 million.
Ether ETF flows were similarly concentrated. BlackRock's ETHA recorded $345.9 million in outflows and its sister product ETHB lost $47.9 million. Fidelity's FETH was the exception, gaining $15.3 million for the week on the strength of a $19.2 million Wednesday inflow. Daily Ether flows were negative on most days, with Monday and Tuesday outflows of $139.7 million and $85.3 million respectively, and Friday's $93.3 million outflow was the largest of the week.
The midweek recovery in Bitcoin ETFs proved temporary. Wednesday's net inflow of $74.6 million broke two consecutive negative sessions, but Thursday and Friday brought outflows of $430.2 million and $411.9 million. Weekly Bitcoin ETF outflows of $1.28 billion compare with $202.4 million in the October 26–30 period, a more than sixfold increase, while Ether outflows moderated from $431.4 million to $365.2 million. Cumulative net inflows into US Bitcoin ETFs since launch stand at $55.77 billion, and Ether funds have accumulated roughly $11.95 billion, per Farside.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.