U.S. spot bitcoin ETFs post $643.3 million outflow as 2026 inflows narrow

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US spot bitcoin ETFs outflow

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U.S.-listed spot bitcoin ETFs saw $643.3 million in net outflows on Friday, erasing 63.6% of year-to-date inflows and falling below $100 billion in AUM.
BlackRock's IBIT and Fidelity's FBTC led Friday’s ETF withdrawals with $233.7 million and $201.4 million outflows, respectively.
Derive attributes the ETF outflows to a $6.3 billion Binance hack, citing increased market uncertainty amid weak U.S. investor sentiment and declining institutional momentum.

Outflows cut sharply into 2026 inflows

As reported by CoinDesk, citing SoSoValue, U.S.-listed spot bitcoin exchange-traded funds recorded net outflows of $643.3 million on Friday, marking the biggest single-day withdrawal since June 25. Before that move, the funds had held net year-to-date inflows of just over $1 billion, making Friday's retreat a sharp reversal for a segment often watched as a proxy for institutional demand.

The outflow removes 63.6% of the year's net inflows and ranks as the 12th largest single-day withdrawal since spot bitcoin ETFs begin trading in January 2024. The previous larger outflow came on June 25, when investors pulled $696.3 million.

BlackRock's IBIT leads Friday's withdrawals with $233.7 million in outflows, followed by Fidelity's FBTC with $201.4 million. Total assets under management across U.S. spot bitcoin ETFs fall below the $100 billion mark to $98.14 billion.

Weakening investor sentiment hits crypto demand

Other market indicators also point to softer appetite from U.S. investors, including a negative Coinbase premium, which traders widely track as a signal of buying pressure. Bitfire Research says in an email to CoinDesk that institutional and spot buying momentum visibly fades, citing continued weakness in spot ether ETFs and a Crypto Fear & Greed Index in the 30 to 34 range.

Derive links the ETF outflows to the $6.3 billion hack on Binance late Thursday, saying the security breach adds another layer of uncertainty to an already pressured market. Nick Forster, founder and chief executive of Derive, tells CoinDesk that traders rush to protect against further losses in the first ETF trading session after the hack.

Investors are also watching several near-term events that could shape cryptocurrency markets, including the Nov. 3 midterm elections, the Nov. 6 jobs report and possible MSCI index exclusions involving major corporate bitcoin holders.

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