Bitcoin spot ETFs see $412 million in net outflows on November 6

It was the second straight day of heavy redemptions, and it pushed a year that once looked like a victory lap for Bitcoin ETFs into slightly negative territory. According to data aggregated by SoSoValue, the bulk of Thursday's Bitcoin outflow came from a single product.

BlackRock's iShares Bitcoin Trust (IBIT) accounted for around $403 million of the total. Fidelity's Wise Origin Bitcoin Fund (FBTC) went the other way.

It pulled in $42.8 million in inflows, making it a rare green number on an otherwise red board. One fund losing hundreds of millions while a direct competitor gains tens of millions suggests investors were not uniformly heading for the exits.

Ethereum products did not escape the mood. Spot Ethereum ETFs recorded $93.19 million in net outflows, with BlackRock products among the larger contributors to those losses. November 6 followed a rough November 5.

Earlier coverage

• Crypto ETFs lose $530M as AMINA trader eyes Ether-led recovery Nov 6
• Russia Finalizes Crypto Rules for BTC, ETH, USDT Ahead of Nov 17 Rollout Nov 6
• $26 Billion Bitcoin ETFs Selloff Wipes Out Every 2026 Inflow Nov 6