US bitcoin ETFs lose $1.28 billion in the first week of November

What happened. US spot bitcoin ETFs, meaning exchange traded funds that hold real bitcoin, ended the first week of November with $1,281.7 million in net outflows. That is the sum of five days in Farside Investors data: minus $398.6 million on Monday, minus $115.6 million on Tuesday, plus $74.6 million on Wednesday, minus $430.2 million on Thursday and minus $411.9 million on Friday. Investing.com gives the same estimate: about $1.28 billion so far in November.

Who sold. Almost all of the outflow came from BlackRock's IBIT, the largest bitcoin fund: minus $1,209.5 million for the week, including $403 million on Friday. Fidelity's FBTC went the other way and ended the week about $93 million in the plus, with $42.8 million of inflows on Friday.

The backdrop. The bounce after the US midterm elections faded fast. According to Investing.com, bitcoin was down about 5.2% over 24 hours during Friday trading, and more than $1.27 billion of derivatives positions were force closed, over $1.1 billion of them bets on a rise. A selloff in tech stocks over worries about AI spending also weighed on mood. On Saturday morning bitcoin traded near $76,100.

Caveats. ETF flows show where money moves, not why. One week of outflows is not a long trend: in October weeks of inflows and outflows took turns. Farside data comes with a delay and totals can be revised slightly.

Fatos confirmados

• From November 2 to 6, 2026, US spot bitcoin ETFs had net outflows of $1,281.7 million.^[1][2]
• The only day with inflows that week was November 4: plus $74.6 million.^[1][2]
• On November 6 outflows were $411.9 million: BlackRock's IBIT lost $403 million and Fidelity's FBTC took in $42.8 million.^[1][2]
• IBIT lost $1,209.5 million over the week, while FBTC ended the week with about $93 million of inflows.^[1]
• On Saturday, November 7, at about 08:13 GMT bitcoin traded near $76,100.^[2]
• Over 24 hours on Friday more than $1.27 billion of crypto derivatives positions were liquidated, over $1.1 billion of them bullish bets.^[2]

Implicações

• ConfirmadoThe biggest source of US bitcoin demand, BlackRock's fund, is currently a seller, not a buyer.
• Nossa leituraUntil outflows stop, any bitcoin bounce rests mostly on retail buyers and short covering. This is our view.

Ainda não se sabe

• Who exactly is selling IBIT: hedge funds closing trades or long term investors
• Whether outflows stop next week
• Whether bitcoin holds above $73,000

Quem é afetado

United States, Global. Bitcoin holders and anyone following crypto ETFs

Fontes

1. Farside Investors: Bitcoin ETF Flow (US$m) 7 de novembro de 2026 · oficial
2. Investing.com: Bitcoin rebounds to $76,000, but $1.3 billion ETF exodus tests recovery 7 de novembro de 2026 · mídia