$530.17 Million Leaves U.S. Bitcoin and Ether Funds on November 5
Key Facts
U.S. spot Bitcoin and Ether funds recorded combined net outflows of $530.17 million on November 5, 2026, according to SoSoValue data cited by Bloomingbit. Bitcoin funds saw outflows of $430.2 million, compared with $99.97 million from the 11 U.S. Ether funds. The flows came in a session marked by a sharp fall in U.S. stocks, placing fund activity within a broad market sell-off. But the figures describe fund flows that day and do not establish that the stock decline caused them. In the Ether category, most net outflows were concentrated in BlackRock products, according to the same data.
BlackRock's ETHA and ETHB funds accounted for about 97.2% of net outflows from Ether funds on November 5. ETHA saw outflows of about $75.2 million, while ETHB recorded an outflow of $21.99 million. The share shows that outflows in the Ether category were concentrated in the two products during the session. By contrast, cumulative net inflows to U.S. spot Ether funds stood at $12.02 billion through November 5. That cumulative balance puts the day's moves against a larger base of previous flows, while the session itself remained net negative.
The flows coincided with broad declines on Wall Street on Thursday, November 5. The S&P 500 fell 4.4% to 7,353.73 points, its steepest daily drop since the tariff sell-off known as "Liberation Day" in April 2025, the Associated Press reported. The Dow Jones Industrial Average fell 3.4% to 51,523.06 points, while the Nasdaq Composite lost 5.5% to close at 24,315 points. The agency said the sell-off was led by stocks linked to the construction of AI data centers. It pointed to concerns that a temporary halt on data center construction could be imposed following Democratic victories in the U.S. midterm elections.
EL7 data showed Bitcoin closing at $76,088.01 and Ether at $2,238.01 on November 5. In broader markets, Reuters reported that about $2 trillion was wiped from Nasdaq's market capitalization during Thursday's session. The agency also reported that traders pushed back expectations for the Federal Reserve's next rate hike to March. These developments reflect the concurrence of declines in digital assets with pressure on technology stocks, alongside a repricing of rate expectations. In the previous session, the U.S. stock market had posted its best gains in three months, before Thursday's losses erased them, according to the Associated Press.
Pressure spread to Asia on Friday, November 6, with Japan's Nikkei 225 falling 6.0% to 57,434.77 points and South Korea's Kospi declining 6.0% to 5,059.69 points, according to the Associated Press. U.S. losses had pushed the Nasdaq 11.9% below its record high set the previous month, into correction territory, defined as a decline of more than 10%. Nvidia shares also fell 9.3%, making them the biggest drag on the S&P 500, the agency said. In the bond market, the 10-year U.S. Treasury yield fell to 4.84% from 4.90% late Wednesday. The Associated Press said the drop in the yield may reflect investors' move into safer assets.
The U.S. employment situation report for October was scheduled for November 6 at 08:30 a.m. Eastern time, the day after the flows session, according to the Bureau of Labor Statistics' calendar. The bureau scheduled the October Consumer Price Index for November 10 at 08:30 a.m. Eastern time. The data mark two economic milestones following a session of falling stocks and outflows from digital asset funds. The next Federal Open Market Committee meeting was scheduled for December 8 and 9, 2026. The meeting is associated with the Summary of Economic Projections, according to the calendar published on the Federal Reserve's website.