U.S. spot bitcoin and ether ETFs shed about $530 million as the post-election rally fades

Summary

U.S. spot bitcoin and ether ETFs posted roughly $530 million in combined net outflows on Thursday as crypto and tech stocks sold off, Cointelegraph reported, citing SoSoValue; The Block separately put combined major U.S. spot crypto ETF withdrawals at more than $500 million, describing more than $540 million across major products.

Cointelegraph said bitcoin ETFs accounted for about $430 million of the outflows and ether funds about $100 million, reversing Wednesday's roughly $128 million in combined inflows when bitcoin briefly climbed above $80,000 after the midterms.

The Block said Fidelity's FBTC led bitcoin-fund withdrawals with $199.9 million, followed by BlackRock's IBIT at $105 million and Grayscale's GBTC at $49.9 million; Cointelegraph likewise flagged FBTC near $200 million and another $105 million from IBIT, extending IBIT's outflow streak to five sessions with more than $1 billion withdrawn since Oct. 30 per Farside Investors.

The Block added that major U.S. crypto ETFs have now seen more than $1.1 billion in combined net outflows so far this week, while Cointelegraph said bitcoin ETF year-to-date net outflows stood around $510 million after Thursday's close.

Updates

• Update, Fri, 06 Nov 2026 20:05:00 UTC: Update (Nov. 6 noon): CoinDesk and Decrypt separately confirmed about $430.2 million in U.S. spot bitcoin ETF net outflows Thursday (SoSoValue / Farside), led by Fidelity FBTC (~$199.9M) and BlackRock IBIT (~$105M), reversing Wednesday's roughly $74.6 million bitcoin-ETF inflow and bringing the week-through-Thursday bitcoin-ETF net outflow to about $869.8 million; Decrypt said IBIT's five-session withdrawal streak since Oct. 30 is roughly $1.04 billion and that no fund in Farside's table posted positive Thursday flows. CoinDesk also tied the selloff to AI/data-center spending concerns after the midterm sweep and said bitcoin reclaimed the $76,000 level Friday after Thursday's break.
• Update, Sat, 07 Nov 2026 17:20:00 UTC: Update (Nov. 7): The Block, citing SoSoValue data, said U.S. spot bitcoin ETFs ended the week with $1.28 billion in net outflows, their worst week since late June, after a further $411.9 million left on Friday, $403 million of it from BlackRock’s IBIT (Fidelity’s FBTC took in $42.8 million). That leaves the bitcoin funds about $914.1 million in net outflows for 2026, after they entered the week about $368 million positive. Spot ether ETFs lost $365.3 million for a sixth straight negative week, and Solana and Hyperliquid ETFs each posted a fifth straight week of outflows, The Block said.

Key facts

• Cointelegraph (SoSoValue): U.S. spot bitcoin ETFs recorded about $430 million in net outflows Thursday and ether funds about $100 million, for roughly $530 million combined. (Cointelegraph)
• The Block: Fidelity FBTC led bitcoin ETF outflows with $199.9 million, BlackRock IBIT $105 million, and Grayscale GBTC $49.9 million. (The Block)
• Cointelegraph (Farside Investors): IBIT's outflow streak reached five consecutive sessions with more than $1 billion withdrawn since Oct. 30. (Cointelegraph)
• The Block: major U.S. crypto ETFs have seen a combined net outflow of more than $1.1 billion so far this week. (The Block)

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