Bitcoin ETF Outflows Hit $398.6M on November 2 as BlackRock Leads Redemptions

Dextape brief

By Dextape Desk · November 3, 2026

Spot Bitcoin ETFs listed in the US posted a net redemption total of $398.6 million on November 2, according to figures from Farside Investors. That followed an outflow of $643.2 million on October 30 in the same data. Most of the November 2 selling came from BlackRock's IBIT, which shed around $405.3 million, while Fidelity's FBTC took in roughly $6.7 million. The net total therefore masks a small inflow outside IBIT. The piece stresses that flow data counts creations minus redemptions, so it cannot show whether investors shifted into cash, moved to another product or rebalanced. A net redemption alone does not indicate forced selling or strain at a fund. Next, the author suggests tracking whether IBIT withdrawals continue and whether other large issuers follow.

Why it matters: It shows how one product can dominate aggregate US spot Bitcoin ETF flows, a visible channel for regulated Bitcoin exposure.

Mentioned: Bitcoin, BlackRock, Fidelity

Summary by Dextape, based on reporting by NewsBTC. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.