U.S. spot Bitcoin ETFs recorded $430.2 million in net withdrawals on Thursday, according to Farside Investors data cited by Decrypt in its November 7, 2026 report. Fidelity and BlackRock accounted for about 71% of the day’s outflows as technology stocks and Bitcoin declined.
Fidelity and BlackRock lead withdrawals
Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $199.9 million, reversing a $236.7 million inflow on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) recorded $105 million in withdrawals.
Other outflows included $49.9 million from Grayscale’s GBTC and $32.9 million from Franklin Templeton’s EZBC. No fund in Farside’s table registered positive net flows on Thursday, although several reported no net movement.
The withdrawals brought the week’s net outflow to $869.8 million. The preceding Friday had also recorded $643.2 million in outflows, while Wednesday’s $74.6 million net inflow provided only a brief interruption.
BlackRock had lost $201.2 million even on Wednesday, when the funds collectively attracted net inflows. Its Thursday withdrawal extended a five-session outflow streak beginning October 30 to roughly $1.04 billion.
Equity losses coincide with Bitcoin’s reversal
Thursday’s redemptions coincided with a 5.5% fall in the Nasdaq Composite and an approximately 4.4% decline in the S&P 500. According to the report, chipmakers and data-center stocks led the selloff as investors questioned the pace of artificial-intelligence spending and potential restrictions following the U.S. midterm elections.
Bitcoin retreated toward $76,000 after trading above $80,000 on Wednesday, giving back its post-election rebound. Decrypt reported that short liquidations had helped fuel that rally, with the subsequent reversal adding to the pain for leveraged traders.
What ETF flows reveal—and what they do not
ETF flows offer a measure 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. During an equity selloff, the funds can therefore provide a convenient way to cut risk.
But daily net flows measure ETF share creations minus redemptions, not every transaction between investors. The figures alone cannot establish whether holders were raising cash to cover losses elsewhere, reducing Bitcoin exposure or rebalancing portfolios. The simultaneous market declines provide context, not proof of a single motive behind the withdrawals.
Original source: Decrypt. Published November 7, 2026, at 02:36:03 UTC+08:00. This article preserves the source’s historical reporting context.