US-listed cryptocurrency exchange-traded funds recorded approximately $534.7 million in net outflows on November 5, 2026, reversing the previous trading session’s recovery as investors withdrew capital from Bitcoin and Ethereum investment products.
Bitcoin ETFs accounted for $430.2 million in net redemptions, while Ethereum funds registered withdrawals of $99.9 million. Together, the two largest cryptocurrencies contributed $530.1 million in outflows, representing more than 99% of the reported total.
The withdrawals followed a brief improvement on November 4, when Bitcoin ETFs attracted approximately $74.6 million and Ethereum products recorded around $53 million in net inflows. The November 5 figures indicate renewed selling pressure across regulated cryptocurrency investment vehicles, although the broader $534.7 million total remains provisional because reporting for some smaller funds is incomplete.
Fidelity and BlackRock Lead Bitcoin ETF Redemptions
Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded approximately $199.9 million in net outflows, making it the largest source of Bitcoin ETF withdrawals during the session. BlackRock’s iShares Bitcoin Trust (IBIT) followed with $105 million in redemptions.
Grayscale’s Bitcoin Trust (GBTC) reported withdrawals of $49.9 million, while Franklin Templeton’s Bitcoin ETF (EZBC) lost $32.9 million. VanEck’s Bitcoin Trust (HODL) registered $23.6 million in outflows, and ARK 21Shares Bitcoin ETF (ARKB) recorded another $18.9 million.
The broad distribution of withdrawals indicates that selling pressure extended across several major Bitcoin investment products rather than being concentrated in a single fund. Bitcoin ETF flows have fluctuated significantly in recent sessions.
After recording $643.2 million in outflows on October 30, Bitcoin funds lost $398.6 million on November 2 and $115.6 million on November 3. The market briefly recovered on November 4 before returning to substantial redemptions on November 5.
Ethereum ETFs experienced similar weakness, with BlackRock’s iShares Ethereum Trust (ETHA) accounting for approximately $75.2 million in withdrawals. BlackRock’s Ethereum-related ETHB product recorded another $22 million in outflows.
Together, those products represented most of the reported $99.9 million in Ethereum ETF redemptions.
Altcoin ETFs See Limited Activity as Institutional Demand Weakens
Outside Bitcoin and Ethereum, cryptocurrency ETF flows remained comparatively modest. Solana-linked products recorded approximately $800,000 in net outflows, while Hyperliquid-related funds experienced withdrawals of around $3 million.
XRP ETFs reported no net movement in the available data.
Other tracked cryptocurrency products contributed approximately $800,000 in additional net withdrawals. These figures suggest that the November 5 reversal was driven overwhelmingly by Bitcoin and Ethereum investment vehicles. ETF flows are widely monitored as an indicator of institutional and retail demand for cryptocurrency exposure through regulated financial products.
However, net redemptions do not necessarily represent equivalent immediate sales of underlying cryptocurrencies. Fund creation and redemption mechanisms, secondary-market transactions and portfolio reallocations can influence the relationship between ETF flows and spot-market activity.
The latest withdrawals also highlight the volatility of institutional capital movements following several weeks of uneven cryptocurrency investment demand. While November 4 suggested a temporary improvement in sentiment, the subsequent reversal indicates that sustained inflows have not yet been established.
The concentration of withdrawals in major asset managers’ products further demonstrates their influence on aggregate daily ETF statistics. Nevertheless, individual trading sessions provide limited evidence about longer-term investor positioning.
Future flows will depend on cryptocurrency prices, broader financial market conditions and institutional allocation decisions. For now, the November 5 data show a substantial return to net redemptions, with Bitcoin and Ethereum accounting for nearly the entire $535 million withdrawal total.
