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Bitcoin and Ethereum ETFs see heavy outflows, signaling institutional selling pressure amid price uncertainty.

07 Nov 2026, 08:45 WIB
Blockonomi
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Bearish
Bitcoin and Ethereum ETFs see heavy outflows, signaling institutional selling pressure amid price uncertainty.

On November 6, U.S. Bitcoin spot ETFs experienced $411.9 million in net outflows, led by BlackRock's IBIT with $403 million withdrawn. Ethereum ETFs also faced $93.3 million in net outflows, mainly from BlackRock's ETHA. Despite some inflows into Fidelity's FBTC, the overall trend shows institutional investors pulling back from crypto ETFs, which may increase selling pressure on the underlying assets. Bitcoin traded near $75,920, with market forecasts suggesting a potential drop to around $70,000 in November, indicating cautious sentiment among traders and analysts.

Bitcoin and Ethereum ETFs saw significant outflows recently. For readers following the broader crypto market, here is Pluang's snapshot as of Nov 07, 2026 13:31 WIB: out of 50 major cryptocurrencies, 33 rose and 16 fell. Notable movers include EGLD at Rp58.024 with a 1-day change of -2.26%, FTM at Rp11.382 down 2.05%, and ALGO at Rp1.725 up 2.01%.

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