Bitcoin ETFs Record $430M in Net Outflows as Tech Selloff Spreads to Crypto
U.S. spot Bitcoin ETFs posted $430.2 million in net withdrawals on Thursday, with Fidelity's FBTC and BlackRock's IBIT accounting for about 71% of the outflows. The redemptions came as a tech-stock rout pushed the Nasdaq Composite down 5.5% and Bitcoin back toward $76,000.
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Thursday's Outflows
U.S. spot Bitcoin ETFs lost $430.2 million to net withdrawals on Thursday, according to Farside Investors data cited by Decrypt. Fidelity's Wise Origin Bitcoin Fund (FBTC) recorded $199.9 million in net outflows and BlackRock's iShares Bitcoin Trust (IBIT) shed $105 million, together about 71% of the day's total. Grayscale's GBTC lost $49.9 million and Franklin Templeton's EZBC lost $32.9 million, and no fund in the Farside table recorded positive net flows.
The Crypto Briefing report put BlackRock's IBIT selling at roughly $104.97 million, a figure that matches Farside's $105 million closely. That outlet attributed the sale to a social media source rather than to fund-level data, so the Farside figure is the better-documented reference point.
Two-Day and Weekly Context
Decrypt reported that the week's net outflow reached $869.8 million, following a $643.2 million outflow the prior Friday. Wednesday's $74.6 million net inflow was a brief reversal before Thursday's withdrawals. Fidelity's FBTC attracted $236.7 million on Wednesday and then lost nearly $200 million the next session, a swing Decrypt highlighted as unusually sharp.
BlackRock's IBIT lost $201.2 million on Wednesday despite that day's overall positive flows. Decrypt counted this as part of a five-session withdrawal streak since October 30 totaling roughly $1.04 billion. Crypto Briefing instead pointed to an earlier $405.3 million IBIT outflow reported on November 2. The two outlets are describing different windows and metrics, and the sources do not reconcile them.
Equity Selloff and Bitcoin Price
The redemptions coincided with a broad equity decline. Decrypt reported the Nasdaq Composite fell 5.5% and the S&P 500 about 4.4% on Thursday, with chipmakers and data-center stocks leading losses. Investors cited doubts about the pace of artificial-intelligence spending and possible restrictions following the U.S. midterm elections.
Bitcoin gave back its post-election rebound, falling toward $76,000 after trading above $80,000 on Wednesday. Decrypt noted that short liquidations had helped drive that rally, which made the reversal harder on leveraged traders.
Limits of the Flow Data
Spot ETF flows are measured as creations minus redemptions of fund shares, and as Decrypt notes, they do not show why holders sold. The outflows could reflect cash raised to cover losses in equities, a deliberate cut to Bitcoin exposure, or portfolio rebalancing. Because ETF shares trade on exchanges, a single day's net flow also does not capture trades between investors that never create or redeem shares.
Why It Matters
For Traders
Continued multi-day ETF redemptions alongside a sharp equity selloff suggest near-term pressure on Bitcoin; watch whether Wednesday-style inflows return.
For Investors
Repeated large outflows from the largest spot ETFs show that institutional access channels can reverse quickly when broader risk assets sell off.
For Builders
Products that depend on ETF-driven demand signals should account for flows that reflect equity-market risk management rather than crypto-specific conviction.
This article is for information only and is not financial advice. Read the full disclaimer.
