Fidelity’s Wise Origin Bitcoin Fund (FBTC) went the other way. It pulled in $42.8 million in inflows, making it a rare green number on an otherwise red board.
The split matters. One fund losing hundreds of millions while a direct competitor gains tens of millions suggests investors were not uniformly heading for the exits.
Ethereum products did not escape the mood. Spot Ethereum ETFs recorded $93.19 million in net outflows, with BlackRock products among the larger contributors to those losses.
Two days, one direction
November 6 followed a rough November 5. On that day, Bitcoin ETFs saw outflows of approximately $430 million, while Ethereum ETFs lost about $100 million.
By early November 2026, cumulative net flows for Bitcoin ETFs this year had turned slightly negative, showing a decline of roughly $502 million since the start of the year.
Size still matters here, though. As of early November 2026, Bitcoin ETFs held around $96.65 billion in assets. Against that base, a roughly $502 million year-to-date deficit is a dent, not a collapse.
The macro backdrop
The redemptions did not happen in a vacuum. They coincided with a technology stock selloff and a significant decline in Nasdaq indices.
Sentiment was also cautious in the aftermath of the US midterm elections.
Bitcoin was trading near $75,000 to $76,000 while the outflows played out.
What this means for investors
The FBTC inflow is a useful counterpoint to the gloomier read. A $42.8 million gain on a day when the category lost $412 million shows that demand has not disappeared entirely.
The concentration in IBIT is also worth watching on its own terms. When a single fund accounts for around $403 million of a $412 million category outflow, the headline number partly reflects decisions by holders of one product.
For Ethereum, the picture is a smaller version of the same story. Outflows of $93.19 million on November 6 followed about $100 million the prior day.