US spot crypto ETFs shed over $530 million as Bitcoin steadies near $76,900
U.S. spot Bitcoin and Ethereum exchange-traded funds recorded steep net outflows to start November, led by a $405.3 million single-day exit from BlackRock's IBIT, even as Bitcoin stabilized near $76,900.
U.S. spot cryptocurrency funds saw heavy redemptions on Nov. 2, with spot Bitcoin exchange-traded funds logging nearly $399 million in net outflows and spot Ethereum funds shedding roughly $140 million, according to data from SoSoValue and Crypto Briefing.[1][4][8]
The Bitcoin withdrawals were driven primarily by BlackRock's iShares Bitcoin Trust (IBIT), which shed $405.3 million on Monday in its largest single-day outflow since June, Cointelegraph reported. Bucking the broader decline, Fidelity's Wise Origin Bitcoin Fund (FBTC) posted an inflow of $6.68 million. In Ether funds, Morgan Stanley's Ethereum Trust (MSSE), which debuted in July 2026, posted the largest single inflow with $3.15 million.[6][8]
The heavy withdrawals extended a two-day streak after spot Bitcoin ETFs dropped $643.2 million on Oct. 30, pushing total net outflows to around $1.04 billion across recent sessions, according to flow trackers and industry observers. Alongside the ETF exits, Binance customers pulled a net $4.72 billion as crypto markets contended with broader uncertainty ahead of the U.S. midterm elections, CoinDesk reported.[2][3][5]
Despite the institutional pullbacks, Bitcoin's price found footing. After dipping to $76,300, the cryptocurrency edged up 0.2% to hover around $76,900 and posted modest gains at the opening of Wall Street trading on Tuesday.[5][7]
Key facts
- U.S. spot Bitcoin ETFs posted roughly $399 million in net outflows on Nov. 2, 2026, while spot Ethereum ETFs lost $140 million.
- BlackRock's IBIT lost $405.3 million in a single day, marking its biggest daily outflow since June.
- Fidelity's FBTC led individual Bitcoin fund inflows with $6.68 million on Nov. 2, while Morgan Stanley's MSSE led Ether fund inflows with $3.15 million.
- Spot Bitcoin ETFs have shed approximately $1.04 billion in net outflows across two sessions since a previous $643.2 million outflow on Oct. 30.
- Binance customers withdrew a net $4.72 billion as markets absorbed pressure linked to ETF outflows and the U.S. midterm elections.
- Bitcoin rebounded from a low of $76,300 to trade near $76,900.
Sources · 7 sources
- CB
Crypto Banter@crypto_banterPost on X ·
🚨BITCOIN ETFS SEE $398.62M OUTFLOW, ETHEREUM FUNDS LOSE ANOTHER $139.80M! U.S. spot bitcoin:native ETFs saw a net outflow of $398.62M on November 2, one of the larger single-day exits in recent weeks. Spot ethereum:native ETFs lost another $139.80M the same day. The combined pullback keeps pressure on institutional flows after a choppy stretch for both products.
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
Bitcoin broke down right before Election Day. About $1B left spot ETFs in two sessions, and leveraged longs got caught on the wrong side. Is this a healthy reset or something more serious? Let's find out with @RasterlyRock @AP_Abacus @TEXASOL61. Live at 9 AM ET: https://t.co/JZYS3OMQVM
Open source - T�
TylerD 🧙♂️@Tyler_Did_ItPost on X ·
The BTC ETFs have seen $1.04B in net outflows since the Binance hack https://t.co/G8NJerJpCv
Open source - CB
Crypto BriefingArticle ·
US Bitcoin ETFs see $399M in outflows, Ether funds lose $140M The significant outflows from Bitcoin and Ether ETFs could signal shifting investor sentiment, potentially impacting market stability and future fund strategies. The post US Bitcoin ETFs see $399M in outflows, Ether funds lose $140M appeared first on Crypto Briefing .
Open source - CO
CoindeskArticle ·
Bitcoin steadies after dip to $76,300 as ETF outflows and midterm elections weigh on crypto Bitcoin edged up 0.2% to around $76,900 since midnight UTC as spot ETFs lost $399 million for a second day and Binance customers pulled a net $4.72 billion.
Open source - CT
Coin TelegraphArticle ·
BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June BlackRock’s Bitcoin ETF shed $405.3 million on Monday as US spot Bitcoin funds opened November with nearly $399 million in net outflows.
Open source - CT
Coin TelegraphArticle ·
Bitcoin price defends $76K lows as analysts see stocks pricing in ‘political gridlock’ Bitcoin made modest gains at the start of Wall Street trading on Tuesday as markets awaited cues from the US midterm elections.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
U.S. Bitcoin ETFs Shed $399 Million, Ether Funds Lose $140 Million According to SoSoValue, U.S. spot Bitcoin ETFs recorded $399 million in net outflows on November 2, while Fidelity's FBTC led individual fund inflows with $6.68 million. Spot Ethereum ETFs saw $140 million in net outflows, with Morgan Stanley's Ethereum Trust (MSSE) posting the largest inflow at $3.15 million. Morgan Stanley, one of Wall Street's largest investment banks, launched its Ethereum Trust in July 2026.
Open source