U.S. spot Bitcoin and Ether exchange-traded funds recorded approximately $530 million in combined net outflows on November 5, 2026, reversing the previous session’s inflows as cryptocurrencies and technology stocks declined sharply. Bitcoin investment products accounted for most of the withdrawals, while Ether funds also experienced significant redemptions amid renewed market volatility.
According to data compiled by Farside Investors and its Ethereum ETF flow tracker, Bitcoin funds lost approximately $430.2 million and Ether funds shed $99.9 million. The reversal followed combined inflows of roughly $127.6 million on November 4, when cryptocurrency prices briefly recovered after the U.S. midterm elections.
Fidelity and BlackRock Lead ETF Withdrawals
Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded the largest Bitcoin ETF outflow, losing approximately $199.9 million after attracting $236.7 million a day earlier. BlackRock’s iShares Bitcoin Trust (IBIT) followed with $105 million in withdrawals, while Grayscale’s GBTC experienced approximately $49.9 million in net redemptions.
The selling extended across several other products, including Franklin Templeton’s EZBC, VanEck’s HODL and ARK 21Shares’ ARKB. Bitcoin ETF outflows reached approximately $869.8 million between November 2 and November 5, illustrating that the latest withdrawals were part of a broader pattern rather than an isolated reaction to Thursday’s decline.
Ether investment products experienced a similar reversal. BlackRock’s iShares Ethereum Trust (ETHA) accounted for $75.2 million in withdrawals, followed by approximately $22 million from Bitwise’s ETHB fund. Fidelity’s FETH and Grayscale’s ETHE also registered smaller outflows, bringing total Ether ETF redemptions close to $100 million.
The figures represent net creations and redemptions in exchange-traded products, rather than a direct measurement of institutional selling. ETF transactions do not identify the ultimate investors behind the flows, making it difficult to determine how much activity originated from asset managers, financial advisers or individual investors.
Equity Selloff and Binance Hack Add Pressure
The ETF withdrawals coincided with a significant decline in U.S. equities. The Nasdaq Composite fell 5.5% on November 5, its steepest single-session loss since April 2025, while the S&P 500 declined 4.4%. Bitcoin also retreated below $76,000, surrendering gains recorded after the midterm elections as investors reassessed their exposure to risk-sensitive assets.
The downturn followed an already difficult October for cryptocurrency investment products. U.S. Ether ETFs had recorded approximately $1.61 billion in October outflows, while the brief return of Ethereum ETF inflows on November 4 proved short-lived. The latest redemptions reinforced a withdrawal trend that predated the election, rather than establishing a new market direction on their own.
Security concerns added another dimension to the market environment. Binance was still addressing the consequences of its October 29 security incident, which affected assets valued at approximately $6.3 billion. The exchange subsequently reported substantial withdrawal activity, including billions in customer asset movements after services resumed. The incident introduced additional custody and counterparty concerns, although no direct causal relationship with the November 5 ETF redemptions has been established.
The combined developments illustrate how cryptocurrency investment products remain exposed to broader financial-market conditions alongside industry-specific disruptions. The $530 million withdrawal represents a measurable deterioration in ETF demand, but it does not independently establish the motivations of investors or predict subsequent price movements. The immediate market picture is one of weakening fund flows, falling technology equities and unresolved security concerns, with the November 4 recovery proving insufficient to reverse the broader retreat.
