Key Takeaways
- • US spot Bitcoin ETFs recorded $1.282 billion in net outflows for the week of November 2 to 6, their largest weekly withdrawal since the week ended June 26 and the seventh-largest since launch in January 2024.
- • BlackRock's IBIT accounted for $1.209 billion, or about 94%, of the week's net outflows, including $403 million on Friday alone.
- • Year-to-date 2026 net flows for spot Bitcoin ETFs turned negative at -$914.1 million, erasing roughly $368 million of gains accumulated before November 2.
- • Total ETF net assets fell 2.3% to $95.897 billion, equal to 6.28% of Bitcoin's market value, while IBIT closed Monday at $42.32, down 1.31%.
- • Spot Ether ETFs lost $365.2 million in the same week, their sixth straight weekly outflow, bringing combined Bitcoin and Ether ETF outflows to $1.647 billion.
Summary
US spot Bitcoin ETFs recorded $1.282 billion in net outflows in the week of November 2 to 6, according to the figures reported in the primary source. The outflow was the largest weekly withdrawal since the week ended June 26, when the funds lost $1.79 billion, and the seventh-largest since the products launched in January 2024. The funds lost money on four of five trading days, with Wednesday the only positive session at $74.6 million in net inflows. Outflows accelerated sharply toward the end of the week: Thursday saw $430.2 million leave as Bitcoin fell to a seven-week low, and Friday added $411.9 million. The final two sessions accounted for $842.1 million, roughly two-thirds of the weekly total. The previous week had recorded a $202.6 million outflow.
The week reversed the category's 2026 performance. Before November 2, spot Bitcoin ETFs had attracted about $368 million in net inflows year to date; by Friday's close, year-to-date flows stood at negative $914.1 million. Despite the selling, the funds retain a large asset base. Combined net assets fell 2.3% during the week to $95.897 billion, equal to 6.28% of Bitcoin's total market value of $1.504 trillion. Cumulative net inflows since launch stand at $55.699 billion.
BlackRock's iShares Bitcoin Trust (IBIT) drove nearly all of the weekly outflows, losing $1.209 billion from November 2 to 6. IBIT recorded outflows on six consecutive sessions through November 6, with about $1.44 billion withdrawn since October 30. The fund held $60.29 billion in net assets on November 6, about 62.9% of all spot Bitcoin ETF assets. Its cumulative net inflows since launch are estimated at about $65.10 billion, meaning current holders sit roughly $4.81 billion below aggregate contributions, according to the source's calculations. Fidelity's Wise Origin Bitcoin Fund (FBTC) was the notable exception, attracting about $93.1 million in net inflows for the week and $42.82 million on Friday, with cumulative inflows of $10.266 billion. Bitwise's BITB recorded a $20.5 million outflow on Friday.
Bitcoin's price weakened alongside the flows. Bitcoin closed Sunday, November 8, at $74,740, its lowest daily close since August 20, and traded at $74,772.94 on Monday at 21:22 UTC. The source reports that Bitcoin is down about 30.4% from its 52-week high of $107,428.26 and about 7.0% below its November 4 close of $80,443. Over the weekend, more than $1 billion in leveraged crypto positions were liquidated in 24 hours, with $913 million from long positions, according to the source.
Spot Ether ETFs also declined, losing $365.2 million in the week of November 2 to 6, their sixth consecutive weekly outflow. Ether closed November 8 at $2,124, its lowest close since August 18. The source links the selling to a broader AI-related sell-off spreading into crypto. Monday's ETF flow data and the October US consumer price index are both due Tuesday, which the source identifies as the next catalysts for whether the outflow streak extends.
The week reversed the category's 2026 performance. Before November 2, spot Bitcoin ETFs had attracted about $368 million in net inflows year to date; by Friday's close, year-to-date flows stood at negative $914.1 million. Despite the selling, the funds retain a large asset base. Combined net assets fell 2.3% during the week to $95.897 billion, equal to 6.28% of Bitcoin's total market value of $1.504 trillion. Cumulative net inflows since launch stand at $55.699 billion.
BlackRock's iShares Bitcoin Trust (IBIT) drove nearly all of the weekly outflows, losing $1.209 billion from November 2 to 6. IBIT recorded outflows on six consecutive sessions through November 6, with about $1.44 billion withdrawn since October 30. The fund held $60.29 billion in net assets on November 6, about 62.9% of all spot Bitcoin ETF assets. Its cumulative net inflows since launch are estimated at about $65.10 billion, meaning current holders sit roughly $4.81 billion below aggregate contributions, according to the source's calculations. Fidelity's Wise Origin Bitcoin Fund (FBTC) was the notable exception, attracting about $93.1 million in net inflows for the week and $42.82 million on Friday, with cumulative inflows of $10.266 billion. Bitwise's BITB recorded a $20.5 million outflow on Friday.
Bitcoin's price weakened alongside the flows. Bitcoin closed Sunday, November 8, at $74,740, its lowest daily close since August 20, and traded at $74,772.94 on Monday at 21:22 UTC. The source reports that Bitcoin is down about 30.4% from its 52-week high of $107,428.26 and about 7.0% below its November 4 close of $80,443. Over the weekend, more than $1 billion in leveraged crypto positions were liquidated in 24 hours, with $913 million from long positions, according to the source.
Spot Ether ETFs also declined, losing $365.2 million in the week of November 2 to 6, their sixth consecutive weekly outflow. Ether closed November 8 at $2,124, its lowest close since August 18. The source links the selling to a broader AI-related sell-off spreading into crypto. Monday's ETF flow data and the October US consumer price index are both due Tuesday, which the source identifies as the next catalysts for whether the outflow streak extends.
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