Spot Bitcoin ETFs Shed $430M in a Day, Ether ETFs $100M

US spot bitcoin ETFs ended Nov. 5 with $430.2 million in net outflows, the biggest single session of the month according to the TFTC tracker. Spot ether ETFs lost about $100 million, per Farside Investors data as reported by CryptoSlate.

Details

Fidelity's FBTC led bitcoin redemptions at $199.9 million, followed by BlackRock's IBIT ($105 million), Grayscale's GBTC ($49.9 million), Franklin Templeton's EZBC ($32.9 million) and ARK 21Shares' ARKB ($18.9 million). The daily total matches in CryptoSlate and TFTC; the underlying source is Farside Investors.

Ether funds shed $99.98 million: BlackRock's ETHA $75.2 million, its staked ETHB $22 million, Fidelity's FETH $2.24 million and Grayscale's ETHE $0.54 million. Together the two markets lost roughly $530 million.

The outflows came on a day of heavy equity selling. CryptoSlate reports the S&P 500 lost about $3 trillion in market value and the Nasdaq 100 had its steepest daily drop since 2020. Bitcoin the same day fell about 5% from above $80,000. Trackers can differ slightly; our own data is on the ETF flows page.

What It Means for Markets

Large redemptions from FBTC and IBIT suggest institutions cut risk alongside equities. One session does not make a trend, but continued outflows would keep pressure on the price. For the latest bitcoin price, see the daily brief.

This is not investment advice.