Bitcoin and Crypto ETFs Shed $530 Million in One Day as Chip Stock Rout Triggers $1 Billion in Liquidations

US spot Bitcoin and Ether ETFs posted a combined $530 million in net outflows on November 5 as a sharp selloff in technology and chip stocks drove Bitcoin below $76,000, its lowest level in seven weeks. Bitcoin ETFs alone accounted for $430.20 million in withdrawals, led by Fidelity's FBTC and BlackRock's IBIT, which extended its outflow streak to five consecutive trading sessions. Ether ETFs contributed roughly $100 million in additional withdrawals, according to SoSoValue data.

The crypto selloff was directly tied to a broader Wall Street rout in which the Dow Jones Industrial Average fell more than 1,800 points, the S&P 500 dropped 4.4%, and the Nasdaq entered correction territory with a 5.5% decline, as AI and chip stocks collapsed and erased the previous session's post-election gains. Bitcoin tumbled more than 5.3% over 24 hours, with the decline triggering approximately $1 billion in long liquidations across the crypto market. Six Bitcoin ETF funds recorded net withdrawals on November 5, cutting short a brief demand recovery that had begun earlier in the week.

Bitcoin recovered back above the $76,000 level by Friday as the acute selling pressure eased, but the week's ETF flow picture remained deeply negative. The episode underscored how closely Bitcoin and crypto assets are now correlated to US equity risk sentiment, particularly in the high-growth tech sector.