Crypto News
US spot Bitcoin ETFs recorded $430.2 million in net outflows on November 5, led by $199.9 million from Fidelity's FBTC and $105 million from BlackRock's IBIT. The session brought November withdrawals to $869.8 million across four trading sessions. Net outflows over the latest seven finalized sessions totaled approximately $1.36 billion.
Why it matters
The withdrawals followed a brief recovery on November 4, when US funds attracted $74.6 million. Grayscale's GBTC lost $49.9 million in the November 5 session, while Franklin Templeton's EZBC saw $32.9 million leave.
Hong Kong offers four spot Bitcoin ETFs alongside two futures-based products. The first three spot funds launched in April 2024, and MicroBit joined in August 2025. The city's private banking and wealth management assets reached HK$12.9 trillion ($1.65 trillion) in 2025, up 24% annually, according to the Hong Kong Private Wealth Management Report 2026.
Market impact
Hong Kong's funds have also faced withdrawals. Month-to-date figures from a regional ETF tracker showed $5.71 million leaving ChinaAMC's fund, $1.58 million from Bosera HashKey's and $68,880 from Harvest's. Its smaller market has not yet demonstrated that it can absorb US selling pressure.
The wealth management report found that 43% of surveyed firms had added cryptocurrency ETFs or exchange-traded products to their offerings. Investors are watching whether continued US redemptions translate into further pressure on Bitcoin.
Frequently asked questions
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Which US Bitcoin ETFs saw the largest withdrawals on November 5?
Fidelity's FBTC led with $199.9 million in outflows, followed by BlackRock's IBIT at $105 million. Grayscale's GBTC lost $49.9 million and Franklin Templeton's EZBC lost $32.9 million.
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How much had US spot Bitcoin ETFs lost in November?
The November 5 session brought cumulative net outflows to $869.8 million across four trading sessions.
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How many Bitcoin ETFs are available in Hong Kong?
Hong Kong has four spot Bitcoin ETFs and two futures-based Bitcoin ETF products.
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Have Hong Kong's spot Bitcoin ETFs also seen withdrawals?
Yes. Month-to-date figures showed outflows of $5.71 million from ChinaAMC's fund, $1.58 million from Bosera HashKey's and $68,880 from Harvest's.
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How widely have surveyed Hong Kong wealth firms adopted crypto products?
The Hong Kong Private Wealth Management Report 2026 found that 43% of surveyed firms had added cryptocurrency ETFs or exchange-traded products to their offerings.
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