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Bitcoin ETFs saw $412M outflows, led by BlackRock's IBIT; Ethereum ETFs lost $93M amid tech selloff and cautious sentiment.

Market News
07 Nov 2026, 07:33 WIB
Crypto Briefing
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Bearish
Bitcoin ETFs saw $412M outflows, led by BlackRock's IBIT; Ethereum ETFs lost $93M amid tech selloff and cautious sentiment.

On November 6, Bitcoin spot ETFs experienced $412 million in net outflows, primarily driven by BlackRock's iShares Bitcoin Trust (IBIT) which accounted for $403 million of the total. Meanwhile, Fidelity's Wise Origin Bitcoin Fund (FBTC) attracted $42.8 million in inflows, indicating selective investor interest. Ethereum spot ETFs also faced significant redemptions, losing $93.19 million on the same day. These outflows followed a similar trend from the previous day and coincided with a tech stock selloff and cautious market sentiment after the US midterm elections. Despite these withdrawals, Bitcoin ETFs still hold substantial assets, and the inflows into FBTC suggest demand remains for some products.

Bitcoin spot ETFs net outflows on November 6 provide context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Nov 07, 2026 12:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 32 rose and 17 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a 1-day change of +11.14%, EOS (EOS.IO) at Rp12.649 up +8.13%, and ZIL (Zilliqa) at Rp33 with a +7.35% change and Pluang order activity showing 29% Sell / 71% Buy, with a typical hold time of 134 days for ZIL.

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