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Bitcoin and Ether ETFs lose $530m in a day as post-election gains fade
US spot Bitcoin and Ether ETFs shed about $530m on Thursday as Bitcoin dropped below $76,000 and the Nasdaq fell 5.5%, its worst day since April 2025.
Key points
- Bitcoin ETFs lost $430m and Ether funds about $100m, according to SoSoValue data.
- Fidelity's FBTC led withdrawals at roughly $200m, while BlackRock's IBIT lost $105m, a fifth straight session of outflows.
- Bitcoin ETFs' year-to-date net outflows reached about $510m after Thursday's close.
US spot Bitcoin and Ether ETFs posted about $530m in net outflows on 5 November, Cointelegraph reports, as Bitcoin fell below $76,000 and US stocks tumbled. Bitcoin funds accounted for $430m of the withdrawals and Ether funds around $100m, according to SoSoValue data.
The move reversed $128m in combined inflows on 4 November, when Bitcoin briefly rose above $80,000 after Democratic victories in the US midterm elections. The tech-heavy Nasdaq Composite fell 5.5% on 5 November, its biggest single-day decline since April 2025, according to Reuters.
Fidelity's Wise Origin Bitcoin Fund led the withdrawals with roughly $200m, having taken in about $237m the day before, Farside Investors data shows. BlackRock's iShares Bitcoin Trust lost another $105m, extending its outflow streak to five sessions and more than $1bn since 30 Oct. Year-to-date net outflows from Bitcoin ETFs stood at around $510m after Thursday's close.
Live updates on NewsFeeds:ETFsBitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
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