U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows on Thursday, alongside a sharp decline in technology stocks and a reversal in Bitcoin’s post-election rally, according to Decrypt’s report published November 7, 2026, at 02:36:03 UTC+8.
For a demand-based valuation argument, the distinction matters: ETF flows measure net share creations and redemptions, not Bitcoin’s intrinsic value or investors’ reasons for selling.
Fidelity and BlackRock led withdrawals
According to Farside Investors data cited by Decrypt, the largest reported fund-level outflows were:
| Fund | Thursday net outflow |
|---|---|
| Fidelity Wise Origin Bitcoin Fund (FBTC) | $199.9 million |
| BlackRock iShares Bitcoin Trust (IBIT) | $105 million |
| Grayscale Bitcoin Trust (GBTC) | $49.9 million |
| Franklin Bitcoin ETF (EZBC) | $32.9 million |
Fidelity and BlackRock together accounted for about 71% of the day’s net withdrawals. No fund in Farside’s table recorded a positive net flow, although several reported no net movement.
Thursday’s withdrawals brought the week’s net outflow to $869.8 million, following a separate $643.2 million outflow the previous Friday. Wednesday had provided a brief interruption, with $74.6 million in aggregate net inflows.
The aggregate figure masked substantial differences between funds. Fidelity attracted $236.7 million on Wednesday before losing nearly $200 million the next session. BlackRock recorded $201.2 million in outflows even on Wednesday’s positive day for the group. Its five-session withdrawal streak, beginning October 30, reached roughly $1.04 billion.
A demand signal amid broader risk reduction
The withdrawals coincided with a 5.5% decline in the Nasdaq Composite and a roughly 4.4% fall in the S&P 500. Decrypt reported that 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 fell back toward $76,000, having traded above $80,000 on Wednesday. Short liquidations had helped drive that earlier rally; the subsequent reversal added pressure on leveraged traders.
ETFs allow investors to change their Bitcoin exposure through regular brokerage accounts without moving coins into a crypto wallet. That accessibility supports both entry and exit, making the funds a convenient vehicle for reducing exposure during an equity-market selloff.
What the flow figures cannot establish
Daily net flows capture ETF share creations minus redemptions, rather than every exchange trade between investors. They provide evidence of demand changes through the ETF channel, but do not reveal whether holders were raising cash to cover losses elsewhere, reducing Bitcoin exposure or rebalancing portfolios.
The reported withdrawals therefore document pressure on one source of Bitcoin demand. They do not, by themselves, establish a fair-value estimate or explain the full price decline.
Original source: Decrypt — “Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers”. Original publication time: November 7, 2026, 02:36:03 UTC+8.