US-listed spot cryptocurrency exchange-traded funds recorded approximately $207.9 million in net outflows on November 3, 2026, as investors continued withdrawing capital from Bitcoin and Ethereum investment products.Bitcoin ETFs accounted for $115.6 million in net redemptions, while Ethereum ETFs registered another $85.3 million in withdrawals.Together, the two largest cryptocurrencies contributed $200.9 million in outflows, representing nearly 97% of the reported total.The figures indicate continued pressure on institutional cryptocurrency investment products, although the pace of withdrawals moderated significantly compared with November 2. Bitcoin ETF outflows declined from $398.6 million in the previous session, while Ethereum redemptions eased from approximately $139.8 million.The broader $207.9 million total remains provisional because reporting for some smaller cryptocurrency ETFs was incomplete.
BlackRock Funds Lead Bitcoin and Ethereum ETF Withdrawals
BlackRock’s iShares Bitcoin Trust (IBIT) recorded approximately $95 million in net outflows, making it the largest source of Bitcoin ETF redemptions during the session. Grayscale’s Bitcoin Mini Trust followed with withdrawals of $52.6 million.However, several competing funds attracted fresh capital, partially offsetting the selling pressure. Bitwise’s Bitcoin ETF (BITB) registered approximately $21.9 million in inflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.8 million.Morgan Stanley’s Bitcoin ETF (MSBT) also recorded approximately $3.3 million in positive flows. The mixed results suggest investors were not uniformly reducing their Bitcoin exposure, with some funds continuing to attract allocations despite the broader negative trend.Bitcoin ETFs nevertheless recorded their third consecutive trading session of net outflows. Ethereum funds experienced similar pressure, with BlackRock’s iShares Ethereum Trust (ETHA) accounting for approximately $74.4 million in withdrawals.That represented more than 87% of the $85.3 million in net Ethereum ETF redemptions. The concentration of withdrawals in BlackRock’s funds highlights their significant role in determining aggregate daily ETF flow figures.However, daily redemptions alone do not establish whether investors are permanently exiting cryptocurrency exposure or reallocating between investment products.
Altcoin ETFs Show Mixed Flows as Broader Market Remains Under Pressure
Outside Bitcoin and Ethereum, cryptocurrency ETF flows were comparatively limited on November 3. Solana-linked products recorded approximately $100,000 in reported net outflows, although available figures were incomplete. Hyperliquid ETFs attracted around $600,000 in net inflows, providing one of the few positive readings among smaller digital asset products.Zcash and NEAR-related funds each registered approximately $3.6 million in withdrawals. BNB-linked products recorded around $300,000 in outflows, while XRP, Chainlink and Avalanche funds reported no net movement in the available data. The combined figures indicate that selling pressure remained concentrated in the largest cryptocurrency investment products rather than being distributed evenly across all assets.ETF flows are closely monitored because they provide a measurable indication of demand through regulated investment vehicles. Persistent redemptions can coincide with weaker market sentiment, although they do not necessarily translate directly into equivalent spot-market selling.The latest figures also follow substantial withdrawals during the final trading sessions of October, extending a period of uneven institutional demand. Despite the negative November 3 reading, the reduction in daily outflows suggests the intensity of redemptions has moderated.Whether that develops into renewed inflows will depend on subsequent trading sessions, broader market conditions and institutional allocation decisions. For now, Bitcoin and Ethereum ETFs remain the primary drivers of US cryptocurrency fund flows, with approximately $208 million leaving tracked products during the session.