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US spot Bitcoin and Ether exchange-traded funds bled $530 million in net outflows on November 5, 2026, the same session a broad Wall Street selloff erased nearly $3 trillion in market value, according to Cointribune. Bitcoin slipped below $76,000 and Ether traded near $2,237 as the risk-off move reached crypto.
The twelve US Bitcoin ETFs accounted for $430.23 million of the withdrawals, with Ether funds losing a further $99.98 million. Not a single Bitcoin ETF booked positive inflows for the session, Cointribune reported.
Also read: Bitcoin ETFs Shed $89.90M as Blackrock's IBIT Keeps Buying
Key facts
- Bitcoin ETFs lost $430.23 million and Ether ETFs $99.98 million on November 5, 2026, for a combined $530 million in net outflows (Cointribune).
- Fidelity’s FBTC led losses at $199.87 million, followed by BlackRock’s IBIT at $105 million, Grayscale’s GBTC at $49.9 million, Franklin Templeton at $32.92 million and VanEck at $23.64 million (Cointribune).
- On the Ether side, BlackRock’s ETHA shed $75.2 million and its staking Ether product ETHB lost $22 million (Cointribune).
- The Nasdaq 100 plunged more than 6% on Thursday, its worst single-day fall since March 2020, while the S&P 500 fell 4.4%, per Mint.
- India’s Nifty 50 opened at 24,538.20 on November 6 and was down 51.65 points at 24,484.95, while Japan’s Nikkei 225 fell about 5.9% and South Korea’s Kospi dropped more than 8.5%, triggering a circuit breaker, BusinessLine reported.
A one-day inflow gives way to a longer run of redemptions
The reversal was sharp. Bitcoin and Ether ETFs had pulled in $127.6 million the day before, as investors appeared to welcome the end of uncertainty around the US midterm elections. Fidelity’s FBTC alone took in $236.7 million on November 4 before surrendering close to $200 million the next session, Cointribune noted — a round trip the outlet read as tactical repositioning rather than durable accumulation.
The trend started earlier. BlackRock’s IBIT had already logged five straight sessions of outflows totalling about $1.04 billion, and the full US Bitcoin ETF pool had lost nearly $1.51 billion since October 30. Through early November, Bitcoin funds showed roughly $869.8 million in net outflows and Ether funds nearly $272 million, despite the prior day’s inflows.
AI stocks set off a wider deleveraging
Mint reported the selloff began with AI-related names and widened well beyond Big Tech. A Goldman Sachs basket of the most-shorted US stocks fell nearly 8%, unprofitable tech companies dropped 7.7%, and the Russell 2000 slipped 4.5% into correction territory. The iShares MSCI USA Momentum Factor ETF lost 8.2%, its worst day since 2020.
Democratic wins in the midterms added a political layer: candidates campaigned on slowing data-centre expansion and tightening AI oversight, and took both chambers, Mint reported. The outlet also cited Saxo UK strategist Neil Wilson saying fund managers were cutting AI exposure, and Morgan Stanley data showing equity long/short hedge funds posted their biggest gross-flow drawdown since 2016. The VIX closed at 28.18, up 11.57 points.
Differences between outlets are worth noting. Cointribune put the Nasdaq loss at 5.5%, its worst since April 2025; Mint said the Nasdaq 100 fell more than 6%; BusinessLine cited 5.52% for the Nasdaq and 3.45% for the Dow. Each figure reflects a different index or source.
Why it matters
Spot crypto ETFs were sold as a bridge between digital assets and traditional portfolios. November 5 showed the bridge works in both directions: when a manager trims risk, Bitcoin and Ether funds can be sold alongside tech stocks in the same rebalancing. Cointribune noted that more than $1 billion in leveraged crypto positions were forcibly closed during the session.
Asia carried the shock into Friday. BusinessLine said Japan’s Nikkei 225 fell roughly 20% from its June peak, nearing bear-market territory, while Taiwan’s benchmark dropped 7.5%. Dr V K Vijayakumar of Geojit Investments told the outlet the tech rout “will turn out to be beneficial for India,” pointing to continued foreign buying of $35,781 crore over five sessions.
What to watch
Cointribune framed the test as ETF flows once Wall Street steadies: renewed inflows would make November 5 look like a risk adjustment, while continued outflows would signal deeper institutional disengagement. Crypto investors are also watching whether US equities extend the correction after a session that President Donald Trump called “one of the worst days in market history.” This is not financial advice, and crypto and equity markets remain volatile and uncertain.
Reported by Cointribune.
Sources: Cointribune, Mint, BusinessLine