Key Takeaways
- • US spot Bitcoin ETFs recorded $411.92M in net outflows on Nov. 6, according to Farside Investors data, extending a second straight day of heavy withdrawals that pulled $842.12M in total over two sessions.
- • BlackRock's IBIT led the Bitcoin exit with roughly $403M in withdrawals, while Fidelity's FBTC was the only Bitcoin fund with fresh inflows, at $42.82M.
- • Spot Ethereum ETFs lost $93.19M on Nov. 6, the second consecutive day of negative flows, with BlackRock's ETHA accounting for $90.76M of the outflows.
- • Total net assets stood near $95.90B for US spot Bitcoin ETFs and $12.84B for Ethereum ETFs, with cumulative net inflows of $55.70B and $11.92B respectively.
Summary
US spot Bitcoin ETFs recorded $411.92 million in net outflows on November 6, according to Farside Investors data, marking the second consecutive day of heavy withdrawals following a $430.20 million exit on November 5. Together, the two sessions removed $842.12 million from US spot Bitcoin products, adding to steady pressure on regulated Bitcoin exposure.
BlackRock's IBIT accounted for most of the Bitcoin outflows, with about $403 million withdrawn, though its cumulative net inflows still stood near $65.10 billion. Bitwise's BITB recorded an outflow of $20.55 million, Ark 21Shares Bitcoin ETF saw $20.09 million leave, and Grayscale's GBTC posted $11.11 million in outflows. Fidelity's FBTC was the sole Bitcoin fund to record inflows, with its cumulative net inflows reaching roughly $10.27 billion. Total net assets of US spot Bitcoin ETFs were near $95.90 billion at the time of writing, equal to 6.28% of total BTC market capitalization, with cumulative net inflows still positive at $55.70 billion.
Spot Ethereum ETFs recorded net outflows of $93.19 million on November 6, the second day of negative Ethereum ETF flows, after an outflow of near $100 million on November 5. BlackRock's ETHA recorded $90.76 million in outflows, Grayscale's fund lost $1.91 million, and Fidelity's FETH saw $1.67 million leave. BlackRock's staked Ethereum product, ETHB, was the only Ethereum fund with inflows, at $1.15 million, and its all-time net inflows stood at $785 million. Total net assets of Ethereum ETFs were $12.84 billion at press time, equal to 4.71% of ETH market capitalization, with cumulative net inflows of $11.92 billion.
The selling followed a weak stretch for crypto, with BTC slipping below $76,000 on November 5 amid a tech-stock selloff and more than $1 billion in crypto liquidations. CoinGlass noted that sustained net outflows may signal capital leaving ETFs or reducing risk exposure, while cautioning that ETF data is more useful for medium-term trends than short-term signals. Analysts stressed that ETF flows alone do not set prices, with exchange activity, derivatives positioning, and macro conditions also playing a role. Traders are watching whether the withdrawals reflect short-term portfolio moves or a lasting drop in institutional demand.
BlackRock's IBIT accounted for most of the Bitcoin outflows, with about $403 million withdrawn, though its cumulative net inflows still stood near $65.10 billion. Bitwise's BITB recorded an outflow of $20.55 million, Ark 21Shares Bitcoin ETF saw $20.09 million leave, and Grayscale's GBTC posted $11.11 million in outflows. Fidelity's FBTC was the sole Bitcoin fund to record inflows, with its cumulative net inflows reaching roughly $10.27 billion. Total net assets of US spot Bitcoin ETFs were near $95.90 billion at the time of writing, equal to 6.28% of total BTC market capitalization, with cumulative net inflows still positive at $55.70 billion.
Spot Ethereum ETFs recorded net outflows of $93.19 million on November 6, the second day of negative Ethereum ETF flows, after an outflow of near $100 million on November 5. BlackRock's ETHA recorded $90.76 million in outflows, Grayscale's fund lost $1.91 million, and Fidelity's FETH saw $1.67 million leave. BlackRock's staked Ethereum product, ETHB, was the only Ethereum fund with inflows, at $1.15 million, and its all-time net inflows stood at $785 million. Total net assets of Ethereum ETFs were $12.84 billion at press time, equal to 4.71% of ETH market capitalization, with cumulative net inflows of $11.92 billion.
The selling followed a weak stretch for crypto, with BTC slipping below $76,000 on November 5 amid a tech-stock selloff and more than $1 billion in crypto liquidations. CoinGlass noted that sustained net outflows may signal capital leaving ETFs or reducing risk exposure, while cautioning that ETF data is more useful for medium-term trends than short-term signals. Analysts stressed that ETF flows alone do not set prices, with exchange activity, derivatives positioning, and macro conditions also playing a role. Traders are watching whether the withdrawals reflect short-term portfolio moves or a lasting drop in institutional demand.
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