Bitcoin ETFs Record $430 Million in Outflows as Fidelity and BlackRock Lead Withdrawals

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $430.20 million in net outflows on November 5, reversing the previous trading session's positive flows. All 12 funds failed to attract net inflows, highlighting renewed pressure on institutional demand for Bitcoin exposure.

According to SoSoValue data, Fidelity's Wise Origin Bitcoin Fund (FBTC) recorded the largest withdrawal, losing $199.87 million. BlackRock's iShares Bitcoin Trust (IBIT) followed with $104.97 million in net outflows.

Together, the two largest Bitcoin ETF products accounted for approximately $304.84 million, or nearly 71% of the total daily withdrawals.

Despite the latest selling, cumulative historical net inflows across U.S. spot Bitcoin ETFs remain above $56 billion.

Fidelity and BlackRock Lead $430 Million in Withdrawals

Fidelity's FBTC experienced the largest outflow on November 5, with approximately $199.87 million leaving the fund. Its cumulative historical net inflows currently stand at $10.22 billion.

BlackRock's IBIT recorded the second-largest withdrawal, losing $104.97 million. Despite the latest outflow, its cumulative historical net inflows remain substantially higher at approximately $65.50 billion.

Other Bitcoin ETFs also recorded withdrawals during the session:

• Grayscale's GBTC: $49.90 million in outflows.
• Franklin Templeton's EZBC: $32.92 million in outflows.
• VanEck's HODL: $23.64 million in outflows.
• ARK 21Shares' ARKB: $18.90 million in outflows.

The remaining six funds recorded no net change. This means none of the 12 products attracted positive net flows during the session, although not every fund experienced actual withdrawals.

The latest figures also reversed the previous trading session's $74.57 million in net inflows on November 4, when Fidelity's FBTC and ARK 21Shares' ARKB helped lift the overall total.

Bitcoin ETF Assets Remain Above $96 Billion

Despite the substantial withdrawals, U.S. spot Bitcoin ETFs continue to hold significant assets.

SoSoValue data placed their combined net asset value at approximately $96.65 billion as of November 5. This represented around 6.31% of Bitcoin's total market capitalization.

Cumulative historical net inflows stood at approximately $56.11 billion, showing that the funds have attracted substantial capital since their launch.

BlackRock's IBIT continues to dominate the category, with historical net inflows of $65.50 billion. Fidelity's FBTC follows with approximately $10.22 billion.

It is important to distinguish daily flows from total assets. Net outflows measure the difference between shares created and redeemed during a particular session, while total net assets reflect the current value of the Bitcoin held by the funds. Changes in Bitcoin's market price can also affect that asset value.

Bitcoin ETF Outflows Add to Recent Institutional Selling Pressure

The latest withdrawal follows several difficult sessions for Bitcoin investment products.

On November 3, U.S. spot Bitcoin ETFs recorded approximately $115.6 million in net outflows. Earlier, on October 30, the funds lost another $643.33 million, ending a four-day inflow streak.

Altcoin Buzz previously reported on the November 3 Bitcoin ETF outflows, when BlackRock's IBIT led withdrawals as Bitcoin traded near $76,455. The publication also covered the October 30 withdrawal of $643.33 million, which marked the largest single-day outflow since June at the time.

These sessions highlight how quickly demand for regulated Bitcoin investment products can change. Although the November 4 inflow briefly offered relief, the latest $430.20 million withdrawal shows that buying interest remains uneven.

The next trading sessions will help determine whether the latest outflow represents another temporary adjustment or the beginning of a more sustained withdrawal trend.

For now, Bitcoin ETFs retain more than $96 billion in net assets, but continued withdrawals from major funds such as IBIT and FBTC could put further pressure on institutional demand.