THE BLOCK · 2026-11-06 12:33 UTC

Crypto ETFs see over half a billion dollars in outflows amid post-midterm market slide

U.S. spot crypto ETFs recorded over $500 million in combined net outflows on Thursday, led by Fidelity's FBTC with $199.9 million and BlackRock's IBIT with $105 million. Bitcoin fell 5.6% and ether fell 7.8% on Thursday, with the Nasdaq Composite down 5.5% and the S&P 500 down 4.4% amid concerns over the AI trade after the Democratic sweep of Congress. Major U.S. crypto ETFs have seen combined net outflows of more than $1.1 billion so far this week, and Friday's jobs report is seen as a further risk factor.

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