Key Takeaways
- • U.S. spot bitcoin ETFs posted net inflows of $74.57 million on November 4, 2026, ending a three-session outflow streak that had removed $1.16 billion from the category.
- • BlackRock's IBIT was the only fund in outflow on November 4, losing $201.24 million, its fourth consecutive session of redemptions and a four-day total of $935.2 million.
- • Fidelity's FBTC led inflows with $236.72 million, more than offsetting IBIT's withdrawal on its own, with BITB, ARKB and BTCO adding a combined $39.09 million.
- • Total net assets across the 12 U.S. spot bitcoin ETFs stood at $102.26 billion after the session, with cumulative net inflows since the January 2024 launch at $56.54 billion.
- • Bitcoin fell 4.97% to $76,306 on Thursday, November 5, as the Nasdaq Composite dropped 4.3% into correction, signaling that the inflow was narrow and likely to reverse.
Summary
U.S. spot bitcoin exchange-traded funds returned to net inflows on Wednesday, November 4, taking in a combined $74.57 million across 12 funds, according to the publication's fund-level data. The inflow ended a three-session withdrawal streak that had pulled $1.16 billion out of the category. The headline figure, however, masked a concentrated pattern: BlackRock's iShares Bitcoin Trust (IBIT), the largest bitcoin fund, was the only product to record a net outflow on the day, losing $201.24 million. That marked its fourth consecutive session of withdrawals, bringing its four-day total to $935.2 million. Fidelity's Wise Origin Bitcoin Fund (FBTC) led inflows with $236.72 million, while Bitwise's BITB added $15.21 million, ARK's ARKB (managed with 21Shares) took in $19.90 million, and Invesco's BTCO gained $3.98 million. Seven funds, including Grayscale's GBTC and Morgan Stanley's MSBT, recorded zero net flows.
The broader figures frame the moment. Total net assets stood at $102.26 billion, equal to 6.35% of bitcoin's market capitalization. Total trading volume reached $3.59 billion, with IBIT accounting for $2.72 billion, or 76%. IBIT held $64.28 billion in net assets, while FBTC held $14.15 billion. The five-session tally through November 4 showed cumulative net outflows of $1.07 billion, the largest five-day withdrawal since July 1. November was $439.6 million negative after three sessions, and the past 30 days showed net outflows of $340.8 million.
The outflow streak began on Friday, October 30, when the category lost $643.2 million in a single session, the largest one-day outflow since the summer. The selling continued on November 2, when the category lost $398.6 million, with IBIT accounting for $405.3 million of redemptions. Tuesday, November 3, brought a smaller loss of $115.58 million. The timing tracked bitcoin's price: it fell to a seven-week low near $75,600 on election night before bouncing above $81,000 on Wednesday.
Thursday's session was not yet reported at the time of writing, but market action pointed to continued pressure. Bitcoin fell 4.97% to $76,306 as the Nasdaq Composite dropped 4.3% to 24,630.58 and the PHLX Semiconductor Index collapsed 11%, its worst day since March 2020. The S&P 500 fell 3.14%. IBIT traded at $43.98 at 10:04 a.m. ET, down 2.98%, after closing Wednesday at $45.33. The publication's analysis argues that the inflow was narrow, that IBIT's redemptions reflect selling from advisors and model portfolios cutting risk alongside tech stocks, and that sustained inflows will depend on stabilization in U.S. technology stocks and Friday's payrolls report.
The broader figures frame the moment. Total net assets stood at $102.26 billion, equal to 6.35% of bitcoin's market capitalization. Total trading volume reached $3.59 billion, with IBIT accounting for $2.72 billion, or 76%. IBIT held $64.28 billion in net assets, while FBTC held $14.15 billion. The five-session tally through November 4 showed cumulative net outflows of $1.07 billion, the largest five-day withdrawal since July 1. November was $439.6 million negative after three sessions, and the past 30 days showed net outflows of $340.8 million.
The outflow streak began on Friday, October 30, when the category lost $643.2 million in a single session, the largest one-day outflow since the summer. The selling continued on November 2, when the category lost $398.6 million, with IBIT accounting for $405.3 million of redemptions. Tuesday, November 3, brought a smaller loss of $115.58 million. The timing tracked bitcoin's price: it fell to a seven-week low near $75,600 on election night before bouncing above $81,000 on Wednesday.
Thursday's session was not yet reported at the time of writing, but market action pointed to continued pressure. Bitcoin fell 4.97% to $76,306 as the Nasdaq Composite dropped 4.3% to 24,630.58 and the PHLX Semiconductor Index collapsed 11%, its worst day since March 2020. The S&P 500 fell 3.14%. IBIT traded at $43.98 at 10:04 a.m. ET, down 2.98%, after closing Wednesday at $45.33. The publication's analysis argues that the inflow was narrow, that IBIT's redemptions reflect selling from advisors and model portfolios cutting risk alongside tech stocks, and that sustained inflows will depend on stabilization in U.S. technology stocks and Friday's payrolls report.
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