US spot Bitcoin ETFs saw a net outflow of $415.9 million by November 5.

U.S. spot Bitcoin ETFs recorded a cumulative net outflow of $415.9 million for the year through November 5, according to Farside Investors data, as gross outflows of $26.05 billion on redemption days outpaced $25.63 billion of inflows on positive days. Single-day net outflows on November 5 alone reached $430.2 million, exceeding the entire year-to-date net outflow figure by $14.3 million. The reversal matters because it signals that sustained institutional demand through spot BTC funds has stalled, leaving the market more dependent on other buyers to absorb supply. Watch upcoming daily flow prints and whether the pace of redemptions eases, since a continued streak of outflow days would deepen the annual net negative and pressure BTC sentiment.