ETF Inflows Resume, but BlackRock’s IBIT Loses Another $201.2 Million

What happened: Bitcoin spot ETFs attracted $74.6 million and Ether products received $53 million on November 4, producing a combined total reported at approximately $128 million. Fidelity’s FBTC led Bitcoin inflows with roughly $237 million, while BlackRock’s IBIT recorded $201.2 million in withdrawals, extending its outflow streak to four trading sessions and $935.2 million. The positive Bitcoin total followed three days of outflows totaling $1.16 billion, while Ether funds ended seven days of withdrawals amounting to $657 million.

Why it matters: The aggregate reversal represents a change in daily demand, but it does not erase the preceding withdrawals or establish broad agreement among ETF investors. Fidelity’s inflows alongside BlackRock’s continued losses show why a positive category total needs to be examined at the individual fund level. CoinShares’ James Butterfill cautioned against assigning too much explanatory weight to the election result, while CK Zheng emphasized monetary liquidity and institutional flows.

That distinction matters for interpreting the rebound. A positive session can coexist with persistent selling in a major product, and the reported figures do not identify why each investor bought or sold. Subsequent fund-level flows will offer a clearer test of whether demand is spreading across products or remains concentrated in particular funds.

Source: Cointelegraph.