U.S. Spot-Bitcoin ETFs Lose $643.3 Million in a Day, Erasing 64% of 2026 Net Inflows

More than half of this year's cumulative net inflows into U.S.-listed spot-Bitcoin exchange-traded funds vanished in a single day after investors pulled $643.3 million from the products.

CoinDesk reported on November 2, citing data from SoSoValue, that U.S. spot-Bitcoin ETFs posted net outflows of $643.3 million on October 30. That was the biggest one-day outflow since June 25, when $696.3 million left the funds, and the 12th-largest daily outflow since trading began in January 2024. The move wiped out 63.6% of cumulative net inflows for the year.

By issuer, BlackRock's Bitcoin ETF posted the largest outflow at $233.7 million, while Fidelity's ETF shed $201.4 million.

In an email to CoinDesk, Bitfire Research said the withdrawals pushed total assets under management for spot-Bitcoin ETFs below $100 billion, to $98.14 billion. Coinbase Premium remained between negative 0.18% and negative 0.27%, while the crypto Fear & Greed Index fell to a range of 30 to 34. Together, those signals pointed to a clear weakening in institutional and spot-buying momentum.

Nick Forster, founder and chief executive officer of decentralized derivatives exchange Derive, told CoinDesk that the Binance hack added uncertainty to a market already under pressure. Traditional investors reacted sharply, and the outflows came on the first trading day after the hack. Binance suffered a $6.3 billion hack on October 29.

Bitfire Research highlighted three near-term variables to watch: the U.S. midterm elections on November 3, the October nonfarm payrolls report due on November 6, and the final list of companies to be removed under MSCI's new rules for non-operating companies. MSCI has identified Strategy and Metaplanet as candidates for removal. If the deletions are confirmed, selling pressure from passive funds could emerge and affect both companies' capacity for additional Bitcoin purchases, Bitfire added.