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Bitcoin ETFs Draw $74.6M as Goldman Delays Fed Cut Call

Fidelity led inflows while BlackRock's fund lost capital, underscoring uneven demand as rate-cut expectations shift.

U.S. spot Bitcoin ETFs drew $74.6 million in net inflows on November 4, ending three sessions of withdrawals totaling $1.16 billion. Bitcoin recovered above $81,000 after a seven-week low near $75,600.

Fidelity's FBTC attracted $236.7 million, while BlackRock's IBIT lost $201.2 million, extending its four-session outflow streak to $935 million. Bitwise's BITB added $15.2 million and ARK Invest's ARKB received $19.9 million.

The flows came as Goldman Sachs pushed its expected Federal Reserve rate cuts back by a quarter to December 2026 and March 2027, citing persistent inflation and a resilient labor market. Bank of America moved its expected 2026 cuts to the third quarter of 2027. Delayed easing presents a more challenging backdrop for Bitcoin, even as some ETF investors added exposure.

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Frequently asked questions

  1. How much had Bitcoin ETFs lost before the inflows returned?

    U.S. spot Bitcoin ETFs had recorded three consecutive sessions of withdrawals totaling $1.16 billion before the November 4 inflow.

  2. Which Bitcoin ETF led the inflows on November 4?

    Fidelity's FBTC attracted $236.7 million, leading the recovery in fund flows.

  3. How did BlackRock's IBIT perform during the ETF inflow?

    IBIT recorded $201.2 million in outflows, bringing its four-session withdrawal streak to $935 million.

  4. When does Goldman Sachs expect the next two Fed rate cuts?

    Goldman Sachs expects cuts in December 2026 and March 2027, having pushed both forecasts back by one quarter.

  5. How does Bank of America's rate outlook differ from Goldman's?

    Bank of America moved its expected 2026 rate cuts to the third quarter of 2027, while Goldman Sachs expects a cut in December 2026.

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