Bitcoin and Ether ETF outflows Reach $1.65B in Early November

U.S. spot Bitcoin and Ether ETFs recorded combined net outflows of $1.65 billion from November 2 through November 6, according to Crypto.news, which cited Farside Investors’ Bitcoin data. The early-November period therefore saw substantial withdrawals across the two largest categories of U.S. spot crypto ETFs. The selling was concentrated at BlackRock. Crypto.news reported that its iShares Bitcoin Trust IBIT registered outflows in every session during the period. NewsBTC’s narrower November 6 snapshot put total U.S. spot Bitcoin ETF outflows at $411.9 million, with $403 million coming from IBIT. Flow performance was not uniform across issuers. Crypto.news highlighted a positive week for Fidelity’s competing Bitcoin fund, contrasting its inflows with the repeated withdrawals from IBIT. NewsBTC, meanwhile, concentrated on the magnitude of the November 6 Bitcoin ETF outflow and BlackRock’s dominant contribution. The coverage thus points to a divergence between issuers rather than a uniform retreat from spot Bitcoin funds.

Both reports rely on Farside Investors’ flow data, but they frame the story at different levels: Crypto.news covers the combined Bitcoin and Ether ETF result across five trading sessions, while NewsBTC examines Bitcoin ETF flows for a single day. The shared data confirms heavy selling on November 6 and identifies IBIT as the principal source; the broader report adds the $1.65 billion multi-asset total and IBIT’s session-by-session losses.

The market backdrop remains mixed. Bitcoin is priced at $75,871, up 0.88% over 24 hours but down 2.02% over seven days, while its market capitalization stands at $1.53 trillion. The total crypto market capitalization is $2.61 trillion and is described as flat, showing that the short-term Bitcoin gain has not translated into a broader market advance.

Sentiment also remains subdued: the Fear & Greed index is at 25, marking Extreme Fear, even as Bitcoin posted a positive 24-hour move. The ETF figures and market data put institutional withdrawal pressure and cautious sentiment in the same frame. Subsequent daily flow reports, particularly whether IBIT’s redemptions continue and Fidelity’s positive flow persists, will show whether the early-November divergence broadens or stabilizes.