November has continued October's exit pattern for US spot Bitcoin ETFs.

Per SoSoValue data cited by cryptoticker.io, the funds logged net outflows of $643.3 million on October 30 — the largest single-day exit since late June and the first session after Binance confirmed its $6.3 billion hack — then $398.6 million on November 2 and $115.6 million on November 3.

That totals roughly $1.16 billion across three sessions, and Ethereum ETFs added another $139.8 million of outflows on November 2 alone. Bitcoin is now trying to hold the $76,000 to $77,000 zone after Democrats swept the midterms.

The surprising detail inside the aggregate number is who is actually leaving. cryptoticker.io reports BlackRock's IBIT lost $233.7 million on October 30, $405.3 million on November 2 — more than the entire group's net outflow that day — and about $95 million on November 3.

Meanwhile Fidelity's FBTC flipped from a $201.4 million outflow to small inflows, and Bitwise's BITB pulled in $21.9 million on November 3, suggesting one large allocator is cutting exposure while smaller funds quietly buy the dip.

Total spot Bitcoin ETF net assets sit near $99.2 billion, about 6.3% of Bitcoin's market cap.

The selling pressure may not be finished.

24/7 Wall St. reports blockchain tracker Lookonchain flagged BlackRock transferring roughly $702 million in crypto — 7,244 BTC and 63,598 ETH — from its ETF wallets to Coinbase Prime, a desk for institutional clients, a move that typically precedes selling to cover redemptions though it does not confirm a sale occurred.

The same outlet notes investors pulled $1.3 billion from Bitcoin and Ethereum ETFs across October 30 and November 2, and that IBIT shares near $44 are down 8.2% over the past month.

Both outlets frame a fading but unfinished exit: the outflow pace shrank from $643 million to $399 million to $116 million, and cryptoticker.io argues a reversal needs a string of green days above $200 million, unseen since late October.

It names the drivers as the Binance hack, a Democratic midterm sweep that upends the priced-in light-touch regulatory path, and underwater first-half ETF buyers sitting on losses with Bitcoin down roughly 12% year to date.

Per 24/7 Wall St., Bitcoin holds at $77,609 but trades below its 20-day average of $80,528; failure of $76,517 support could send it toward the 200-day average near $73,162, while a relief rally toward $80,000 is on the table if flows turn positive.