U.S. spot Bitcoin ETFs recorded net inflows of $74.57 million on Wednesday, Nov. 4, snapping a three-session streak of outflows. Fidelity's Wise Origin Bitcoin Fund (FBTC) led the reversal with $236.72 million, more than offsetting the $201.24 million pulled from BlackRock's iShares Bitcoin Trust (IBIT).

A single session of buying was enough to turn the entire category positive, even as the iShares trust continued to bleed assets. The daily headline figure nets every issuer's creations and redemptions together, so one fund's large buy can set the category's direction even while its biggest product keeps shrinking.

IBIT redemption run reaches $935.2 million over four sessions

IBIT has now posted outflows for four consecutive sessions, with issuer-level data showing total redemptions of $935.2 million across that span. The largest single-day exit came on Monday, when $405.3 million left the trust.

Despite the recent pressure, IBIT still overshadows its rivals with $64.28 billion in net assets, ahead of FBTC in second place with $14.15 billion. IBIT's cumulative net inflows total $65.61 billion. In percentage terms, the four-session run amounts to roughly 1.5% of IBIT's net assets — a measure of the fund's scale relative to the flows moving through it.

Several smaller funds also took in money on Wednesday: Bitwise's BITB added $15.21 million, Ark/21Shares' ARKB received $19.90 million, and Invesco's BTCO pulled in $3.98 million. Grayscale's GBTC registered no net movement, leaving its net outflows since inception at $28.05 billion.

The Wednesday reversal followed a heavy stretch of selling. The funds lost $643.33 million on Oct. 30, $398.62 million on Monday and $115.56 million on Tuesday, a bleed of roughly $1.16 billion over three sessions, or about 1% of the category's total net assets. Withdrawals had been easing even before Wednesday's turnaround, but November remains $439.61 million in the red after three sessions — the nearest scoreboard for whether the reversal holds.

Since the products launched in January 2024, cumulative inflows stand at $56.54 billion. Total net assets stood at $102.26 billion, or 6.35% of Bitcoin's market cap. The funds traded $3.59 billion on Wednesday.

Bitcoin reclaims $80,000 as equities rally on midterm results

Bitcoin (BTC) rebounded above $80,000 and was changing hands around $80,138 on Nov. 4, while U.S. stocks rose after Democrats won the midterm elections. Markets had largely priced in a Democratic sweep before the vote, said James Butterfill, head of research at CoinShares, which left room for a relief rally once the uncertainty was out of the way. He cautioned against reading too much into Bitcoin's move as an election trade.

Following Wednesday's inflows, Bitcoin ETFs' net outflows for 2026 shrank to about $79 million, leaving the year's tally close to breakeven. October alone saw net outflows of $515.03 million, though late-month buying pared the deficit to about $26 million by Oct. 27, as Cryptopolitan reported.

Ether funds snap a seven-session, $657 million outflow run

Spot Ether (ETH) ETFs also returned to positive territory, gaining $53.02 million on Wednesday. The inflow stemmed a seven-session outflow streak, dating to Oct. 26, that drained $657 million.

Ether funds' net asset value stands at $14.12 billion — a fraction of the Bitcoin fund complex's $102.26 billion — with Ether trading at $2,420.99 as of Nov. 4. In October, $1.08 billion had left ether funds by Oct. 20, the largest monthly outflow of 2026, Cryptopolitan reported — exits that erased September's gains of about $832 million.

Combined, the Bitcoin and Ether fund inflows totaled around $128 million for the day.

Sources: Cryptopolitan; data references: Farside Investors, SoSoValue, SoSoValue.