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US Bitcoin ETFs Post $115.6 Million Outflow as IBIT Leads Losses

BlockBriefing image illustrating Bitcoin ETF withdrawals and bearish market
Editorial note: This report is for information, not investment advice. Market conditions can change. We identify primary sources and distinguish observations from predictions. Full disclaimer.

US spot Bitcoin market price and chart exchange-traded funds recorded $115.6 million in combined net outflows on November 3, 2026, extending withdrawals from regulated Bitcoin investment products even as several competing funds attracted new money. BlackRock’s iShares Bitcoin Trust (IBIT) was the largest contributor to the day’s negative result, with $95 million leaving the fund.

The fund-by-fund flow table maintained by Farside Investors shows that Grayscale’s Bitcoin Mini Trust (BTC) recorded $52.6 million in net outflows. Those two products lost $147.6 million combined, exceeding the sector’s net decline because subscriptions into several other funds partly offset the withdrawals. The reported figures refer to the November 3 trading session and are stated in US dollars.

Bitwise and Fidelity funds reported inflows

Bitwise Bitcoin ETF (BITB) led positive flows with $21.9 million in net additions. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.8 million, and Morgan Stanley’s MSBT showed $3.3 million of inflows. The remaining funds in Farside’s table registered no net creations or redemptions for the session.

This difference across products is important. A negative industry total does not mean all investors sold Bitcoin exposure or that each ETF experienced the same pressure. Investors can move between providers, rebalance portfolios or trade shares in the secondary market without generating equal fund-level creations and redemptions.

Redemptions were smaller than on November 2

The latest total was less negative than the $398.6 million net outflow Farside recorded for November 2. IBIT alone had reported $405.3 million in withdrawals that session, versus $95 million on November 3. The reduction in outflows could indicate that selling pressure moderated, but it is not enough to establish a sustained recovery in demand.

ETF net flows should be distinguished from trading volume. ETF shares may change hands on exchanges throughout the session, while the net flow metric measures how much fund exposure is created or redeemed after those transactions are reconciled. Neither metric provides a complete account of Bitcoin trading on cryptocurrency exchanges or derivatives markets.

Fund-flow numbers can also be revised after issuers and data providers reconcile transactions. Readers can check the current figures directly in Farside’s historical daily table rather than comparing observations published at different times.

What the figures mean for Bitcoin markets

Demand for spot ETFs is one channel through which investors obtain Bitcoin exposure, but it is not a reliable standalone predictor of price. Bitcoin also trades continuously on global spot markets, while futures, options and leveraged positions can change short-term conditions.

Market participants will be watching whether the redemptions persist after November 3, following earlier outflows reported on October 30 and whether losses remain concentrated in a few funds. The recent Bitcoin price rebound around US election volatility is a separate market development; the timing of a rally or decline does not prove that ETF flows caused it.

For investors comparing ETF products, fees, liquidity, tracking performance and the fund’s structure are also relevant. Bitcoin and Bitcoin-linked funds remain volatile and can produce substantial losses. The confirmed finding for November 3 is a $115.6 million industry net outflow, not a forecast of future market direction.

Sources, corrections and methodology

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