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AI summary of a third-party reportBearishNewsDesk

BlackRock's IBIT leads $399m outflow as Bitcoin ETFs start November in the red

US spot Bitcoin ETFs opened November with $399m in net outflows, as BlackRock's IBIT shed $405m in its largest daily withdrawal since June, Farside Investors data shows.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: BlackRock's IBIT leads $399m outflow as Bitcoin ETFs start November in the red
Image: Cointelegraph
Original reporting: Helen Partz, Cointelegraph

Key points

  • IBIT lost $405m on 2 November, its biggest daily outflow since 26 June, when $445m left the fund
  • Fidelity's FBTC took in $6.7m, partly offsetting the wider $399m net outflow across US spot Bitcoin ETFs
  • US spot Ether ETFs lost about $140m, a sixth straight losing day after a record $1.61bn monthly outflow in October

IBIT alone accounted for $405m of that, its biggest single-day exit since 26 June, when investors pulled $445m.

Fidelity's Wise Origin Bitcoin Fund (FBTC) drew $6.7m on the same day, partly offsetting the broader withdrawals. The move followed $515m in net outflows from US spot Bitcoin ETFs in October, with the funds showing around $38m in net outflows so far in 2026.

The redemptions came during wider crypto market volatility after the $6.3bn Binance hack. Bitcoin briefly dropped below $76,400 on 2 November, its lowest since August, CoinGecko data shows, and traded near $76,600, down 3.7% over seven days.

Read the full story on Cointelegraph

Live updates on NewsFeeds:ETFsDesk 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.

Not investment advice. Read the risk disclaimer.

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