U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows Thursday, as a sharp technology-stock selloff coincided with Bitcoin giving back its post-election rebound, according to Decrypt’s report published November 7, 2026, at 02:36:03 UTC+08:00.
Bitcoin fell back toward $76,000 after trading above $80,000 Wednesday. The Nasdaq Composite dropped 5.5% Thursday, while the S&P 500 fell about 4.4%.
Fidelity and BlackRock lead the withdrawals
According to Farside Investors, Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $199.9 million in net outflows, while BlackRock’s iShares Bitcoin Trust (IBIT) lost $105 million. Together, they accounted for about 71% of Thursday’s net withdrawals.
Grayscale’s GBTC shed another $49.9 million, and Franklin Templeton’s EZBC lost $32.9 million. No fund in Farside’s table recorded positive net flows that day, though several reported no net movement.
The withdrawals brought the week’s net outflow to $869.8 million, following a separate $643.2 million outflow the previous Friday. Wednesday’s $74.6 million net inflow had provided only a brief interruption.
The fund-level swings were uneven:
- Fidelity: FBTC attracted $236.7 million Wednesday before losing nearly $200 million the next session.
- BlackRock: IBIT lost $201.2 million even on Wednesday, when the funds collectively recorded net inflows. Its five-session withdrawal streak since October 30 reached roughly $1.04 billion.
A rebound meets broader risk reduction
Chipmakers and data-center stocks led the equity decline as investors questioned the pace of artificial-intelligence spending and potential restrictions after the U.S. midterm elections, Decrypt reported.
Bitcoin’s reversal followed a rebound that had been helped by short liquidations. That sequence matters: forced closures of short positions had contributed to the upward move, but the rally did not hold as equities sold off. The subsequent reversal added to the pain for leveraged traders.
The ETF withdrawals provide another measure of the retreat, but they do not establish why individual holders reduced exposure.
What ETF flows reveal—and what they do not
Spot Bitcoin ETFs let investors adjust exposure through regular brokerage accounts without transferring coins to a crypto wallet. That accessibility works in both directions: the same structure that simplifies buying can also make it straightforward to cut exposure during an equity selloff.
Daily net flows measure ETF share creations minus redemptions—not every trade between investors. They cannot show whether holders were raising cash to cover losses elsewhere, trimming Bitcoin exposure or rebalancing portfolios.
The documented picture is therefore narrower than a definitive explanation of the selloff: substantial ETF redemptions accompanied a broad equity decline and a reversal in Bitcoin. The flow data alone cannot identify investors’ motives.
Original publication: November 7, 2026, 02:36:03 UTC+08:00. Source: Decrypt — Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers.
