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Crypto investors withdrew $1.3B from Bitcoin and Ethereum ETFs in two days, pushing prices to 30-day lows.

Market News
03 Nov 2026, 20:39 WIB
24/7 Wall Street
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Bearish
Crypto investors withdrew $1.3B from Bitcoin and Ethereum ETFs in two days, pushing prices to 30-day lows.

Investors pulled $1.3 billion from U.S. spot Bitcoin and Ethereum ETFs over two days, causing Bitcoin and Ethereum prices to hit 30-day lows. BlackRock led the outflows, transferring hundreds of millions in crypto to a trading desk, signaling ongoing selling pressure. Bitcoin is trading below key moving averages, with potential to fall further toward its 200-day average if support breaks. Ethereum shows even weaker trends, needing to hold $2,234 to avoid deeper declines. Market sentiment remains bearish, with recovery dependent on regaining short-term averages.

Despite recent large outflows from Bitcoin and Ethereum ETFs, on Pluang the iShares Bitcoin Trust (IBIT) price rose 1.27% to USD 43.90 as of Nov 04, 2026 01:51 WIB. BlackRock (BLK), a major player in the ETF market, saw a slight 0.29% price decline to USD 1,163.73 with 59% of Pluang orders selling. This data shows mixed investor behavior on the platform amid the broader market moves.

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