U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows on Thursday, according to Farside Investors figures cited by Decrypt. The withdrawals coincided with a sharp technology-stock selloff—a reminder that easier brokerage access to Bitcoin facilitates exits as well as purchases.
Historical source context: Decrypt published the original report on November 7, 2026, at 02:36:03 UTC+08:00. The session references below follow that report.
Fidelity and BlackRock led the withdrawals
Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $199.9 million in net outflows, while BlackRock’s iShares Bitcoin Trust (IBIT) lost $105 million. Together, they accounted for about 71% of Thursday’s net withdrawals.
Grayscale’s GBTC recorded another $49.9 million in outflows, and Franklin Templeton’s EZBC lost $32.9 million. No fund in Farside’s table registered positive net flows that day, although several reported no net movement.
The withdrawals brought the week’s net outflow to $869.8 million, following $643.2 million in outflows the previous Friday. Wednesday’s $74.6 million net inflow had provided only a brief interruption.
The fund-level swings were substantial:
- Fidelity: FBTC attracted $236.7 million on Wednesday before losing nearly $200 million the following session.
- BlackRock: IBIT lost $201.2 million even on Wednesday, when the funds collectively recorded a net inflow. Its five-session withdrawal streak, beginning October 30, reached roughly $1.04 billion.
Brokerage access is not a commitment to stay invested
ETF flows are often used as a gauge of demand from investors accessing Bitcoin through conventional brokerage accounts. But that access does not establish that demand will persist through market stress.
Because ETFs trade on stock exchanges, investors can change their Bitcoin exposure without moving coins into or out of a crypto wallet. The same convenience that lowers the barrier to buying also makes it straightforward to reduce exposure during an equity selloff.
Thursday’s withdrawals occurred as the Nasdaq Composite fell 5.5% and the S&P 500 declined about 4.4%. According to the report, chipmakers and data-center stocks led the retreat as investors questioned the pace of artificial-intelligence spending and potential restrictions after the U.S. midterm elections.
Bitcoin also gave up its post-election rebound, falling back toward $76,000 after trading above $80,000 on Wednesday. Short liquidations had helped drive that rally, making the reversal more painful for leveraged traders.
What the flow figures cannot establish
Net ETF flows measure share creations minus redemptions at the fund level—not every exchange trade between investors. They document money moving into or out of the funds, but do not reveal why holders changed their positions.
The figures therefore cannot establish whether investors were raising cash to cover losses elsewhere, deliberately reducing Bitcoin exposure, or rebalancing portfolios. The evidence supports a narrower conclusion: substantial redemptions accompanied the broader market decline. It does not establish investors’ motives or prove a lasting retreat from Bitcoin.