Bitcoin ETFs Take In $74.6 Million After Three Outflow Days

U.S. spot bitcoin ETFs posted a net $74.6 million inflow on Nov. 4, the first positive day after three straight outflow sessions, Farside Investors data show.

The print is small next to what left before it. The funds shed $643.2 million on Oct. 30, $398.6 million on Nov. 2 and $115.6 million on Nov. 3. Wednesday's inflow recovers a slice of that $1.16 billion three-day exit.

Fidelity in, BlackRock out

The net figure hides a split. Fidelity's FBTC took in $236.7 million. BlackRock's IBIT, still the largest fund in the group, recorded a $201.2 million outflow. Bitwise's BITB added $15.2 million, ARK 21Shares' ARKB $19.9 million and Invesco's BTCO $4.0 million. Other listed funds printed zero, Farside's table shows.

Here's how the wrappers work. Authorized participants create or redeem ETF shares against bitcoin held in custody. Net creations show up as inflows; net redemptions as outflows. A day when one big fund creates while another redeems can still print a modest net gain even when the two largest products pull in opposite directions.

U.S. spot ether ETFs also flipped positive the same day, with a $53.0 million net inflow, per Farside's ether tracker. BlackRock's ETHA led with $32.8 million; Bitwise's ETHB lost $22.4 million.

Bitcoin traded near $80,240 at 5:57 a.m. ET Thursday, up about 2.2% over 24 hours, per CoinGecko. The four-session score since Oct. 30 still sits near a $1.08 billion net outflow for the bitcoin funds.

In our opinion: chase the split before the headline. FBTC's $236.7 million creation more than covered IBIT's $201.2 million redemption, a rotation inside the wrapper, with modest net new cash. The group is still about $1.08 billion underwater since Oct. 30. Friday's print will show whether Wednesday was a pause or a turn.