Bitcoin and Ether ETFs shed $1.65 billion in a week

Bitcoin funds lost $1.28 billion over the five sessions, including $411.9 million on Nov. 6, according to Farside Investors. Ether products shed $365.2 million for the week, with $93.3 million leaving on Friday. Across Thursday and Friday, the two categories saw $1.04 billion in combined withdrawals. Wednesday was the sole positive session: Bitcoin funds gained $74.6 million and Ether funds $53 million.

IBIT accounted for $403 million of Friday’s Bitcoin ETF outflows. Its largest daily loss came Monday, at $405.3 million; it also lost $201.2 million on Wednesday, when the wider Bitcoin category returned to positive flows. Fidelity’s FBTC took in $42.8 million on Friday and gained $93.1 million for the week. Its $236.7 million Wednesday inflow outweighed a $199.9 million withdrawal Thursday.

Among other Bitcoin products, Bitwise’s BITB lost $20.5 million and ARK 21Shares’ ARKB lost $20.1 million on Friday. For the week, Bitwise gained $16.6 million, while ARKB lost $19.1 million. Grayscale’s GBTC recorded $61 million in weekly withdrawals, and its Bitcoin Mini Trust lost $52.6 million.

BlackRock’s Ether fund ETHA led Friday’s outflows, losing $90.8 million. It ended the week down $345.9 million; BlackRock’s ETHB lost $47.9 million. Fidelity’s FETH gained $15.3 million over the week, supported by a $19.2 million Wednesday inflow. Ether funds had lost $431.4 million in the week of Oct. 26–30, and their October withdrawals totaled $1.61 billion, according to crypto.news.

Bitcoin ETF withdrawals rose from $202.4 million in the prior week to $1.28 billion. Global Settlement Network co-founder and CEO Ryan Kirkley cautioned against reading one day of inflows as a sign that selling had ended. He said institutional allocations remained tied to liquidity, monetary policy and portfolio decisions, with uncertainty over U.S. rules for custody, payments and settlement also relevant.

AMINA Bank head of derivatives trading Andreja Cobeljic said renewed Ether ETF buying was a signal he would watch when assessing whether institutional demand could support gains into 2027. “Simply put, ETH flows,” he said, distinguishing ETF subscriptions and corporate Bitcoin purchases from futures positioning that may reflect arbitrage rather than a bet on rising prices. Through Nov. 6, cumulative net inflows stood at about $55.77 billion for Bitcoin ETFs and $11.95 billion for Ether funds.