U.S. Spot Bitcoin ETFs Shed About $116M as Three-Session Outflows Near $1.16B
By Satoshi’s Wire
November 4, 2026
U.S. spot Bitcoin ETFs printed a third straight redemption session on Tuesday, November 3, 2026: about $115.56 million in net outflows on SoSoValue data carried by TokenPost’s Pacific-morning wrap, with Cointelegraph rounding the same day near $116 million. That slows the tape sharply from Monday’s ~$398.6 million exit this desk already filed (15538) and from Friday’s ~$643 million hit, but it still stretches the three-session stack near $1.16 billion — the Ape Index update for Nov. 4.
Fund-level shape still matters more than the headline alone. TokenPost’s SoSoValue cut puts BlackRock’s IBIT at about $94.98 million out and Grayscale’s BTC Mini Trust at about $52.60 million out, partly offset by inflows into Bitwise’s BITB (~$21.92 million), Fidelity’s FBTC (~$6.76 million), and Morgan Stanley’s MSBT (~$3.34 million). IBIT’s single-day exit still exceeded the combined green of those three books — concentration again, not a synchronized twelve-fund dump.
The new primary color on Wednesday is institutional framing, not another raw table row. Bitwise head of research André Dragosch told Cointelegraph the selling looks like a short-term risk-off tape rather than a structural retreat, pointing to a Bitwise survey of 15 institutions that had not cut Bitcoin ETF exposure through the bear and to filings showing most institutional categories — hedge funds aside — largely holding. He also drew a custody line after the Binance incident: exchange hot-wallet risk is not the same as institutional cold storage at custodians such as Coinbase Custody. Treat that as named research commentary beside the flow print, not as a claim the redemptions were retail-only.
Stock metrics around the day stay large even while the daily print cools. TokenPost puts aggregate spot Bitcoin ETF net assets near $99.16 billion — about 6.33% of Bitcoin’s market capitalization — with cumulative net inflows still near $56.47 billion and Tuesday trading volume near $1.46 billion (IBIT alone about $1.08 billion). Cointelegraph’s same-day wrap separately puts 2026 year-to-date net outflows near $153 million after Tuesday’s print and notes Bitcoin near $78,000 with Fear & Greed up to 34 from 26 — still Fear, but less panicked than Monday’s open. Those are backdrop numbers; the day remains the ~$116 million net and the three-session ~$1.16 billion stack.
For NFT and crypto desks that watch bid cash, a slowing but still-red ETF streak is a risk-appetite metric, not a marketplace fee change. High-ticket Courtyard-style and vaulted bids often thin when spot Bitcoin fund redemptions run three sessions, even as absolute daily size shrinks ~71% from Monday on TokenPost’s read. Do not invent a floor print from the ETF table — wait for the next SoSoValue / Farside session and any Ether ETF twin before calling a broad crypto-fund capitulation. The useful degen read is deceleration: Friday and Monday did the heavy lifting; Tuesday kept the streak alive without matching those exits.
What the tape still does not show is who redeemed. Flow tables do not name wallets, and Bitwise’s institutional-hold survey does not prove Tuesday’s sellers were retail. Attribution that pins the whole three-day ~$1.16 billion on Binance alone, midterms alone, or custody fear alone remains speculation. The verifiable receipts are SoSoValue’s dated Nov. 3 net near $115.56–$116 million, IBIT’s ~$95 million lead outflow, and Dragosch’s on-record short-term risk-off framing to Cointelegraph on Nov. 4.
Tape watch: Wait for Wednesday’s U.S. session Bitcoin ETF print — whether the three-day streak snaps, whether IBIT stays the dominant red book, and whether BITB/FBTC green holds as offsets. Cross-check any Ether ETF follow-through and keep Fear & Greed / spot Bitcoin only as secondary color beside the next hard flow row.
Bottom line: U.S. spot Bitcoin ETFs shed about $116 million on Tuesday — a third straight outflow day near $1.16 billion across three sessions — as IBIT again led redemptions and Bitwise framed the selling as short-term risk-off.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The NFT market is highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
