BlackRock's IBIT loses $405M, its biggest outflow since June

What happened. Farside Investors data show US spot bitcoin ETFs lost $398.6 million on November 2, the first trading day of the month. Almost all of it came from BlackRock's IBIT: $405.3 million out. Fidelity's FBTC took in $6.7 million and softened the picture a little.

Biggest since June. Cointelegraph says it was IBIT's largest daily outflow since June 26, when $444.5 million left the fund.

Two bad days in a row. On the previous trading day, October 30, bitcoin ETFs lost $643.2 million. Together the two days come to about $1.04 billion. That is our sum of Farside data. Before that, from October 26 to 29, the funds had four days of inflows in a row.

October and the year. According to Cointelegraph, spot bitcoin ETFs lost $515 million in October, and net outflows so far in 2026 are about $38 million. So over the year, money in and money out have nearly cancelled out.

Ether is down too. US ether ETFs lost $139.7 million on November 2, with $138.3 million of it from BlackRock's ETHA (Farside data). Cointelegraph says it is the sixth day of outflows in a row after a record $1.61 billion out in October.

Why people sell. Cointelegraph links the outflows to volatility after the $6.3 billion Binance hack. Bitcoin briefly fell below $76,400 on Monday, its lowest since August according to CoinGecko. We do not know who exactly sold: ETF data only show the daily total.

How to read it. One day is not a trend. But two big outflows in a row, after a hack and before an election, show that big investors are cautious right now. That is our view, not a forecast.

Where to look. What well-known traders and investors think about bitcoin: https://freekonomist.com/en/crowd/ . This is an overview, not advice.

已确认的事实

• Farside: on November 2, 2026 US spot bitcoin ETFs had net flows of minus $398.6 million; IBIT minus $405.3 million, FBTC plus $6.7 million.^[1]
• Farside: on October 30, 2026 net flows were minus $643.2 million (IBIT minus $233.7 million); October 26 to 29 were four days of inflows.^[1]
• Cointelegraph: it was IBIT's largest daily outflow since June 26, when $444.5 million left.^[2]
• Cointelegraph: bitcoin ETFs lost $515 million in October, with net outflows of about $38 million so far in 2026.^[2]
• Farside: US ether ETFs had minus $139.7 million on November 2, of which ETHA minus $138.3 million.^[3]
• Cointelegraph: ether ETFs extended their outflow streak to six trading days after a record $1.61 billion out in October (SoSoValue data).^[2]
• Cointelegraph: bitcoin briefly fell below $76,400 on Monday, its lowest since August according to CoinGecko.^[2]

影响

• 已确认November in bitcoin ETFs began with money leaving, not coming back.
• 我们的解读About $1.04 billion left bitcoin ETFs over two trading days, October 30 and November 2. That is our sum.
• 我们的解读Big investors are cautious after the Binance hack and ahead of the US elections. That is our view, not a forecast.

仍未知

• Who exactly sold IBIT shares
• Whether outflows continue after the US midterm elections
• How news on the Binance hack investigation will affect flows

影响到谁

USA, World. People who hold bitcoin or ether and follow money flows into ETFs

来源

1. Farside Investors: Bitcoin ETF Flow (US$m) · 官方
2. Cointelegraph: BlackRock's IBIT sees biggest Bitcoin ETF outflows since June 2026年11月3日 · 媒体
3. Farside Investors: Ethereum ETF Flow (US$m) · 官方