Bitcoin ETFs Shed $430M as Hong Kong Opens a $1.65T Door to Crypto 🪙

US spot Bitcoin ETFs recorded $430.2 million in net outflows on November 5, with Fidelity’s FBTC leading withdrawals at $199.9 million, followed by BlackRock’s IBIT at $105 million. Grayscale’s GBTC lost $49.9 million and Franklin Templeton’s EZBC saw $32.9 million in outflows.

The latest session brought November’s cumulative Bitcoin ETF outflows to $869.8 million across four trading sessions. Net withdrawals across the latest seven finalized sessions reached approximately $1.36 billion, according to data from Coinglass.

Hong Kong is expanding access to digital assets as four spot Bitcoin ETFs become available to investors. The move comes as private banking and wealth management assets in Hong Kong reached HK$12.9 trillion ($1.65 trillion) in 2025, a 24% increase from the previous year.

Net fund inflows into Hong Kong’s private banking and wealth management market also climbed 79%, according to the latest Hong Kong Private Wealth Management Report 2026. The expansion highlights a growing regional market for institutional crypto investment products alongside continued redemptions from US-listed Bitcoin ETFs.