U.S. spot Bitcoin funds recorded $430.2 million in net withdrawals Thursday as a sharp Nasdaq decline erased Bitcoin's post-election gains. The outflows, led by Fidelity and BlackRock products, show how closely fund flows can track equity stress.
Fidelity and BlackRock lead a broad retreat
U.S. spot Bitcoin exchange-traded funds lost $430.2 million on Thursday, according to Decrypt, which relied on Farside Investors data. Farside's table showed no fund with net inflows that day, and several products reported flat activity.
Fidelity's Wise Origin Bitcoin Fund led the exits with $199.9 million. BlackRock's iShares Bitcoin Trust followed with $105 million. Decrypt calculated that the two together made up about 71% of the day's withdrawals.
Cointelegraph widened the frame. Citing SoSoValue, it reported that Bitcoin and Ether funds together lost about $530 million, with Ether products shedding around $100 million.
The market backdrop: stocks fall and Bitcoin gives back its rebound
Cointelegraph, citing Reuters, said the Nasdaq Composite fell 5.5% on Thursday, its largest one-day decline since April 2025. Decrypt added that the S&P 500 dropped about 4.4%, with chipmakers and data-center stocks leading the slide. It linked the selling to doubts about the pace of artificial-intelligence spending and possible restrictions after the U.S. midterm elections.
Bitcoin had traded above $80,000 on Wednesday after Democratic victories in the midterms. It then fell back toward $76,000. Decrypt noted that short liquidations had helped fuel the earlier rally, which made the reversal harder on leveraged traders.
The Defiant framed the move in market-wide terms. Its headline and summary said total crypto market value fell 6.8% over 24 hours, with Ether down 7% and Bitcoin below $77,000.
The numbers behind the outflows
The Thursday withdrawals extended a run of weak weeks for the products. Several figures from the outlets help place the day in context.
- Weekly total: Decrypt put net outflows for the week at $869.8 million after a $643.2 million outflow last Friday.
- Wednesday swing: Fidelity's fund took in $236.7 million on Wednesday, then gave back nearly $200 million the next session.
- BlackRock streak: Decrypt said IBIT has lost roughly $1.04 billion over five sessions since October 30. Cointelegraph described the same streak as more than $1 billion.
- Year to date: Cointelegraph said Bitcoin ETFs were about $510 million in net outflows for the year after Thursday's close.
- Other issuers: Grayscale's GBTC lost $49.9 million and Franklin Templeton's EZBC shed $32.9 million.
How the outlets' accounts differ
The reports agree on the core facts: $430 million left Bitcoin funds, Fidelity and BlackRock led the exits, and the Nasdaq slid sharply. The differences are mostly in scope and data provider.
Decrypt covered Bitcoin funds only and cited Farside. Cointelegraph added Ether funds through SoSoValue and said combined flows on Wednesday were $128 million in inflows. Decrypt's Bitcoin-only figure for that day was a $74.6 million inflow, so the two numbers measure different baskets and should not be compared directly.
The price narrative also shifts with timing. The Defiant's summary places Bitcoin below $77,000 during the selloff. CoinDesk reported in its headline and summary that Bitcoin recovered above $76,000 on Friday after dipping beneath that level Thursday. Neither summary reports why the price moved, so the cause of the Friday bounce is not established.
What a fund outflow does and does not tell readers
Daily ETF flows count the creation and redemption of fund shares, which happens at the issuer level. Decrypt stressed that they do not capture every trade between investors. They also cannot show whether holders were raising cash, trimming Bitcoin exposure or rebalancing portfolios.
That caveat matters here. The funds let investors adjust Bitcoin exposure through ordinary brokerage accounts, so they can also be a quick place to cut risk when equities fall. The reports show outflows and a stock selloff on the same day, but they do not prove that one drove the other.
Market data from CoinGecko shows the wider damage. Bitcoin trades at $75,931, down 8.1% over 30 days and well below its October 2025 record of $126,080. Ether stands at $2,244, down 12.3% over 30 days, while DefiLlama puts Ethereum's DeFi total value locked at $43.43 billion.
Analyst views and open questions
Analyst Michaël van de Poppe wrote on X that he expected the Nasdaq to bottom Friday and Bitcoin to do the same, "potentially after sweeping $75,000." That is one trader's view, not a reported outcome.
Dean Lyulkin, CEO of Cardiff, told Cointelegraph that today's setting differs from the run-up to the 2008 financial crisis. He pointed to stronger household balance sheets and a sturdier banking system, while acknowledging risks in commercial real estate, private credit and possibly excessive AI spending.
Several questions remain open for readers tracking the funds. Will IBIT's outflow streak continue beyond five sessions? Will Fidelity's fund keep swinging between large inflows and outflows? And will equity volatility ease enough for flows to stabilise? Readers following Ethereum-based projects can also check new Ethereum listings and Ethereum meme coin rankings for how community attention is shifting.
Market snapshot
| Asset | Price | 24h | 7d | Market cap |
|---|---|---|---|---|
| Bitcoin (BTC) | $75,931 | +0.7% | -1.6% | $1.53 trillion |
| Ethereum (ETH) | $2,244 | +1.0% | +0.2% | $274.20 billion |
CoinGecko data as of 2026-11-07 (UTC); DeFi TVL from DefiLlama: Ethereum $43.43 billion.
On Coinvote
- New Ethereum Tokens Listed Today: 2,945 projects tracked, 15 new listings in 7 days, 60 community votes today.
- Best Ethereum Meme Coins Today: 262 projects tracked, 5 new listings in 7 days, 16 community votes today.
FAQ
How much did U.S. spot Bitcoin ETFs lose on Thursday?
Decrypt reported net outflows of $430.2 million, based on Farside Investors data. Fidelity's FBTC lost $199.9 million and BlackRock's IBIT lost $105 million.
Why did Bitcoin ETFs see outflows?
The outlets tie the outflows to a technology-stock selloff in which the Nasdaq Composite fell 5.5%. Decrypt cautioned that net flow figures cannot show why individual holders redeemed shares.
Did Ether ETFs also see withdrawals?
Yes. Cointelegraph, citing SoSoValue, reported that Ether funds lost around $100 million Thursday, bringing the combined Bitcoin and Ether total to about $530 million.
Sources
- Decrypt: Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers (2026-11-06)
- CoinDesk: Bitcoin recovers $76,000 level as ETFs shed $430 million after tech rout (2026-11-06)
- Cointelegraph: Bitcoin, Ether ETFs post $530M outflows as election gains evaporate (2026-11-06)
- The Defiant: Bitcoin Slides Below $77,000 as Ether Sinks 7% (2026-11-05)
- CoinGecko (market data), DefiLlama (TVL), Coinvote listing and vote data
Written by the Coinvote news desk from reporting by Decrypt, CoinDesk, Cointelegraph and The Defiant. Not financial advice.
