Bitcoin ETF Outflows Hit $399M as IBIT Sheds $405M

The short version

Bitcoin ETF outflows reached a net $398.6 million on November 2, and BlackRock’s IBIT lost $405.3 million on its own while Fidelity’s FBTC took in $6.7 million.
That makes $1.04 billion out in two sessions, more than the $440.8 million the funds took in last week, while Ethereum ETFs lost $139.7 million, almost all from ETHA.
Next: Tuesday’s flows, set on US midterms day, land after the US close; we’ll post them on Base Camp on X as soon as they’re out.

Bitcoin ETF outflows picked up where Friday left off. US spot Bitcoin ETFs lost a net $398.6 million on Monday, November 2, and one fund did all of it: BlackRock’s IBIT lost $405.3 million on its own.

That is $1.04 billion out in two sessions, and November starts in the red. Ethereum ETFs lost another $139.7 million, almost all from BlackRock’s ETHA, and BTC trades at $76,864 at the time of writing. So is this a BlackRock problem or a market one?

Farside’s Monday update shows every fund’s number for the last three weeks:

Why Did IBIT Lose More Than the Whole Group?

Because almost nobody else traded. Ten of the twelve funds reported zero on Monday, Farside’s data shows. Fidelity’s FBTC was the only other fund that moved, and it took in $6.7 million, so IBIT’s exit was bigger than the group total.

Those IBIT outflows were also its biggest day out in the three weeks Farside’s table covers, well above the $254.1 million it lost on October 22. Its record is $528.3 million. Over Friday and Monday, IBIT lost $639.0 million, more than the $410.6 million it took in from Monday to Thursday last week. That had been the one fund carrying the dip buying.

Bitcoin ETF outflows over four days: +$137.3M Oct 28, +$17.2M Oct 29, -$643.2M Oct 30 and -$398.6M Nov 2, with IBIT -$405.3M and Ethereum ETFs -$139.7M on Monday — Spot Bitcoin and Ethereum ETF flows Farside Investors

Bitcoin ETF Outflows: Three Big Days Since October 22

Heavy days out are getting more common in Bitcoin ETF flows. Three of the last eight sessions lost more than $390 million: $635.6 million on October 22, $643.2 million on Friday and $398.6 million on Monday. Last week’s four green days brought in $440.8 million, less than either of the two big October days on its own.

Friday was broad, with five funds selling. Monday was the opposite: all the selling sat in one fund. ETF flows don’t come with reasons, so nobody outside BlackRock can say who sold. October closed $515.9 million in the red, and November is already $398.6 million behind.

SIDE TRAIL: Bitcoin ETF Flows This Week: Friday’s $643M Exit Turns It Red

Ethereum ETF Outflows: ETHA Again

Ethereum ETF outflows reached $139.7 million on Monday, per Farside. BlackRock’s ETHA lost $138.3 million and its staked Ethereum fund ETHB $4.6 million, while MSSE took in $3.2 million. Every other fund was flat.

Ethereum ETFs have now lost money on every trading day since October 26, $571.1 million over six sessions, after a $1.61 billion October. ETH trades at $2,254, down 16% in 30 days and about 4% above its 200-day moving average at $2,158.

Bitcoin Price: Lowest Close Since September 17

Bitcoin ETF outflows and the BTCUSDT daily chart: BTC at its lowest close since September 17, just above support at $76,264, under the 50-day MA at $81,957 — BTCUSDT Chart 1D Binance

The BTC price closed Monday at $76,816, its lowest daily close since September 17, and sits just above support at $76,264. Below that is the September 15 low at $74,968, then the 200-day moving average at $73,205. The 50-day is up at $81,957. Fear & Greed reads 26, in fear.

TRAIL MAP: Ethereum ETF Outflows Hit $1.61B in October, Their Worst Month of 2026

Last week the dip buyers came back to IBIT on Monday. This Monday they were the ones leaving. Tuesday’s flows, set on US midterms day, show whether that was one holder or the start of a trend.

Written by

TANG

TANG has been trading crypto since 2017. The focus is technicals, DeFi and onchain data. On the chart, that means high-timeframe support, moving averages and momentum divergences. Onchain, it means regular checkups on where the data puts the cycle. TANG once ran CryptoJungle, a free community for researching and trading together, and brings that same spirit to Base Camp as one of its co-founders.