U.S. spot Bitcoin exchange-traded funds posted $412 million in net outflows on November 6, 2026, marking a second consecutive day of steep redemptions led by BlackRock's iShares Bitcoin Trust shedding $403 million. The wave of withdrawals coincided with a major technology stock selloff that sent the Nasdaq Composite down 5.5% and liquidated over $1 billion in leveraged crypto positions. Despite category-wide losses, Fidelity's FBTC managed $42.8 million in net inflows.
Bitcoin spot ETF net outflows
- ▪BlackRock's iShares Bitcoin Trust saw outflows of approximately $403 million on November 6, 2026, extending a multi-session redemption streak that pushed cumulative fund withdrawals over $1 billion
- ▪U.S. spot Bitcoin ETFs recorded $412 million in net outflows on November 6, 2026, driven primarily by redemptions from BlackRock's iShares Bitcoin Trust (IBIT)
- ▪Cumulative 2026 net flows for U.S. spot Bitcoin ETFs turned slightly negative by early November 2026, showing a decline of roughly $502 million year-to-date
- ▪U.S. spot Bitcoin ETFs recorded approximately $430 million in net outflows on November 5, 2026, making November 6, with $412 million in net outflows, the second consecutive day of major redemptions
Fidelity Wise Origin Bitcoin Fund inflows
- ▪Fidelity's FBTC logged a modest inflow of $6.7 million on November 2, 2026, while BlackRock's IBIT lost $405.3 million
- ▪Fidelity's Wise Origin Bitcoin Fund (FBTC) bucked the broader Bitcoin ETF sector trend on November 6, 2026, by recording $42.8 million in net inflows despite major Bitcoin ETF category redemptions
Spot Ethereum ETF outflows
- ▪BlackRock products were among the larger contributors to spot Ethereum ETF net outflows on November 6, 2026
- ▪Spot Ethereum ETFs recorded $93.19 million in net outflows on November 6, 2026, following approximately $100 million in losses on November 5
Broader market decline and crypto liquidations
- ▪The broad Nasdaq Composite-led technology stock selloff triggered over $1 billion in leveraged crypto position liquidations across crypto markets within a 24-hour period ending November 6, 2026
- ▪The Nasdaq Composite fell 5.5% on November 5, 2026, amid investor concerns that Democratic control of Congress following the midterm elections would slow artificial intelligence data center expansion
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