U.S. Bitcoin Funds Record $643.3 Million in Outflows in One Session
Key Facts
U.S.-listed spot Bitcoin funds recorded net outflows of $643.3 million on Friday, October 30, 2026, according to a CoinDesk report. The total corrects the figure in the previous draft about flows on November 2, as the available data relate to the October 30 session. The one-day withdrawals sharply reduced the funds’ net gains accumulated since the start of the year. Before that session, net inflows since the beginning of 2026 were slightly above $1 billion. The report said Friday’s outflows alone erased 63.6% of that balance.
Withdrawals were spread across the largest funds, with BlackRock’s IBIT leading the list with $233.70 million in outflows on October 30. Fidelity’s FBTC came next, losing $201.4 million in the same session. Together, the two funds accounted for the largest share of the $643.3 million in net outflows, according to figures cited by CoinDesk. The report quoted flow data as saying, "BlackRock’s IBIT led Friday’s outflows, losing $233.70 million, followed by Fidelity’s FBTC, which lost $201.4 million." A comparison of the sector total with the two funds shows that withdrawals were not limited to a single fund, while IBIT remained the largest individual outflow among the funds cited.
The October 30 total was the largest daily outflow from spot Bitcoin funds since June 25, 2026, when investors withdrew $696.3 million. Friday’s losses were below that previous level, but remained the largest daily withdrawal recorded in the period between those dates, according to the comparison cited in the report. CoinDesk said, "The last larger outflow occurred on June 25, when investors withdrew $696.3 million." This places the October session in the context of previous withdrawal waves and highlights its scale compared with the largest daily outflow since June. The report does not provide a specific explanation for the flows recorded on October 30.
BlackRock describes IBIT as a vehicle that seeks to reflect the performance of Bitcoin’s price, while the fund’s filing with the U.S. Securities and Exchange Commission says it aims to reflect the price’s performance before expenses and liabilities. This means its asset value is affected by movements in the cryptocurrency, as well as by the creation and redemption of fund shares. A second-quarter 2026 disclosure showed that IBIT redeemed 187.36 million shares and created 100.92 million shares during the quarter. Its net asset value also fell 18.73% in the quarter, compared with a 13.25% decline in Bitcoin’s price between March 31 and June 30. The disclosure said the decline in net assets resulted primarily from the fall in Bitcoin’s price.
In the November 2 session, EL7 data showed BlackRock shares closing at $1167.15, while Bitcoin closed at $76816. These prices do not represent fund flow totals for that day; the published fund figures in the available evidence relate to October 30. The data-supported comparison therefore ends with closing prices for the November 2 session, while the latest documented flow total here remains the $643.3 million in outflows on October 30.