Bitcoin ETFs lost $430 million as Fidelity reversed course

A positive day for US spot Bitcoin ETFs gave way to a $430.2 million withdrawal. Fidelity’s fund accounted for most of the swing between sessions, while BlackRock’s fund recorded outflows on both days. The individual funds show how quickly one positive headline can obscure a mixed market. US spot Bitcoin ETFs have gone from a $74.6 million net inflow to a $430.2 million net outflow in one session, with Fidelity’s fund responsible for most of the change. Farside Investors’ fund-level figures show that Fidelity’s FBTC took in $236.7 million on 4 November and lost $199.9 million on 5 November. BlackRock’s IBIT recorded outflows of $201.2 million and $105 million on those dates. The two funds illustrate why a daily total can be misleading on its own.

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