U.S. spot Bitcoin ETFs recorded $430.2 million in net withdrawals on Thursday, as a sharp technology-stock selloff spread to crypto, according to figures from Farside Investors cited by Decrypt.
The report, published November 7, 2026, at 02:36:03 UTC+8, described a reversal from Wednesday’s modest inflows—not evidence of why individual investors sold.
Fidelity and BlackRock led the withdrawals
Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $199.9 million, while BlackRock’s iShares Bitcoin Trust (IBIT) recorded $105 million in net outflows. Together, they accounted for about 71% of Thursday’s withdrawals.
Other outflows included:
- Grayscale’s GBTC: $49.9 million.
- Franklin Templeton’s EZBC: $32.9 million.
No fund in Farside’s table posted positive net flows that day, although several recorded no net movement.
The withdrawals brought the week’s net outflow to $869.8 million, following a separate $643.2 million outflow the previous Friday. Wednesday’s $74.6 million net inflow had provided only a brief break.
Fidelity’s reversal was especially pronounced: FBTC attracted $236.7 million Wednesday before losing nearly $200 million the next session. BlackRock had already lost $201.2 million on Wednesday despite the overall positive total. Its five-session withdrawal streak, beginning October 30, reached roughly $1.04 billion.
An equity rout—and a Bitcoin reversal
The ETF redemptions coincided with a 5.5% drop in the Nasdaq Composite and an approximately 4.4% decline in the S&P 500. Chipmakers and data-center stocks led the fall as investors questioned the pace of artificial-intelligence spending and potential restrictions following the U.S. midterm elections.
Bitcoin also gave up its post-election rebound, retreating toward $76,000 after trading above $80,000 Wednesday. Short liquidations had helped fuel that rally, making the reversal more painful for leveraged traders.
What the flow data does—and doesn’t—show
ETF flows are often used as a gauge of demand from investors accessing Bitcoin through conventional brokerage accounts. That access also makes it straightforward to reduce exposure without moving coins through a crypto wallet.
But net flows measure ETF share creations minus redemptions, not every trade between investors. The figures do not establish whether holders were covering losses elsewhere, reducing Bitcoin exposure or rebalancing portfolios. They document withdrawals, not the motives behind them.