US spot Bitcoin funds logged a third straight day of outflows, led by BlackRock's IBIT, while Bitcoin barely flinched
Wed 4 Nov 2026 · 08:21 EST · 2 min read
In Bitcoin
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US spot Bitcoin exchange-traded funds just had a rough three-day stretch. Investors pulled approximately $1.16 billion from the products between October 30 and November 3, 2026, capped by a $115.6 million net outflow on the final day.
The November 3 outflow marked the third consecutive trading day of withdrawals. It was also the smallest of the three, which counts as progress if you squint.
The heavier damage came earlier. Outflows reportedly reached $643.2 million on October 30, the largest single day in the streak.
Monday, November 2, followed with $398.6 million leaving the funds. Add the $115.6 million from November 3, and the running total lands near $1.16 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) did most of the bleeding. The fund shed $95 million on November 3, accounting for the bulk of that day’s net outflow.
The day before was more dramatic. IBIT lost $405.3 million on November 2, which is actually larger than the $398.6 million net figure for all funds combined that day. Put simply, IBIT’s exit was big enough that other funds must have been taking in money to narrow the gap.
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Not every issuer was on the losing side. Bitwise’s BITB recorded inflows of $21.9 million, and Fidelity’s FBTC added $6.8 million, partially cushioning the larger withdrawals.
During the outflow period, Bitcoin traded in a range between $76,600 and $78,000.
The flow reversal appears to be tied to a broader risk-off mood. A recent major security incident at a crypto exchange, combined with lingering macroeconomic uncertainty, seems to have pushed some investors toward the exits.
Market commentary around the selling has framed it as a short-term reaction to temporary conditions. The view is that these flows do not necessarily signal a fundamental retreat in institutional demand for Bitcoin.
The longer-term numbers support that read. Since the funds launched in January 2024, cumulative net inflows stand at around $56.5 billion.
Total assets held by US spot Bitcoin ETFs sit near $99 billion. Against that backdrop, a $1.16 billion drawdown represents roughly 2% of all the net money that has ever flowed in.
When IBIT moves, the whole category moves, and this streak showed how much the aggregate flow numbers depend on a single fund’s clients. Heavy IBIT outflows can make the sector look weaker than it is, while smaller issuers like Bitwise and Fidelity quietly gather assets in the background.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
