Bitcoin ETFs Bleed $430M as BlackRock IBIT Outflow Streak Tops $1 Billion
Author: Crypffalo Research · 15:55 06/11/2026
US spot Bitcoin ETFs saw $430.2 million in net outflows on Nov. 5, wiping out the prior day's inflows. Fidelity's FBTC led the exodus, while BlackRock's IBIT extended a five-day outflow streak past $1 billion.
US spot Bitcoin exchange-traded funds recorded $430.2 million in net outflows on Thursday, Nov. 5, according to data from Farside and SoSoValue. The redemptions erased the $74.6 million of inflows logged a day earlier.
The reversal came as a sharp tech selloff swept Wall Street. Bitcoin slipped below $76,000 and was trading near $75,500 early Friday in Asia.
Key takeaways
- Bitcoin ETF outflows: $430.2 million on Nov. 5, following a rare day of inflows.
- Biggest redemption: Fidelity's FBTC lost $199.9 million, a sharp turn from $236.7 million of inflows the day before.
- BlackRock IBIT: shed $105 million, extending its five-session outflow streak to more than $1 billion.
- Ether ETFs: saw roughly $99.9 million in outflows, mostly from BlackRock's ETHA.
- Backdrop: a rout in AI-linked stocks dragged Bitcoin below its post-midterm gains.
Fund-by-fund flows
Fidelity was the surprise of the session. Just one day earlier, FBTC led inflows and pushed the group into positive territory.
On Nov. 5, most of the large funds reported redemptions:
- Fidelity FBTC: -$199.9 million
- BlackRock IBIT: -$105 million
- Grayscale GBTC: -$49.9 million
- Ark ARKB: -$18.9 million
IBIT's $105 million outflow was smaller than the $201.2 million it lost on Nov. 4. Still, the market's largest Bitcoin fund has now seen five straight days of outflows since Oct. 30, totaling more than $1 billion, per Cointelegraph.
The recent flow trend
Zooming out, Bitcoin ETFs have been bleeding almost without pause. The Nov. 4 inflow proved to be a brief interruption.
- Oct. 30: -$643.2 million
- Nov. 2: -$398.6 million
- Nov. 3: -$115.6 million
- Nov. 4: +$74.6 million
- Nov. 5: -$430.2 million
Over the four sessions from Nov. 2 to Nov. 5, the funds lost about $869.8 million. Including Ether ETFs, combined outflows from the two main fund groups reached roughly $530 million on Nov. 5.
Why the flows flipped
The trigger was the equity market. The Nasdaq fell sharply on Nov. 5 as investors dumped AI-linked stocks, and the selling spilled into other risk assets.
Bitcoin briefly topped $80,000 on Nov. 4 after the US midterm results, but gave back all of those gains within a day. The drop also triggered more than $1 billion in crypto liquidations.
What it means for crypto markets
ETF flows are one of the clearest gauges of institutional demand. Simultaneous redemptions from Fidelity and BlackRock suggest institutional buying has not yet returned on a steady basis, despite the short-lived bounce.
- Bull case: if US stocks stabilize, ETF outflows could slow again as they did on Nov. 3 and Nov. 4, helping Bitcoin hold the $75,000 area.
- Risk case: a prolonged AI stock selloff could keep money flowing out of ETFs, adding pressure on price and raising the risk of leveraged liquidations.
Some analysts, including Michaël van de Poppe, argue Bitcoin could find a near-term bottom after sweeping below $75,000. That remains a personal view, not something the data has confirmed.
What to watch next
- US October jobs report: due Nov. 6 at 8:30 a.m. ET, a key input for rate expectations.
- Nov. 6 ETF flows: whether IBIT extends its outflow streak.
- Nasdaq direction: Bitcoin's correlation with tech stocks remains elevated.
- Follow the economic calendar and real-time liquidations.
Frequently Asked Questions
How much did Bitcoin ETFs lose on Nov. 5?
US spot Bitcoin ETFs recorded $430.2 million in net outflows. Fidelity's FBTC accounted for nearly half of that.
How large is IBIT's outflow streak?
IBIT has seen five consecutive days of outflows since Oct. 30. The total has topped $1 billion.
Do ETF outflows immediately push Bitcoin lower?
Not always, since ETF flows are only one part of the market. But persistent outflows usually signal weaker institutional demand.
*This content is for information only and is not financial advice.*
Tags: Bitcoin, ETF, BlackRock, Fidelity, Fund Flows
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