Markets · $BTC/USD
Spot Bitcoin ETFs Turn Negative for 2026 After $1.28 Billion Weekly Outflow, the Worst Since June
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Ether, Solana and Hyperliquid funds also lost money for a fifth or sixth straight week as bitcoin hovered near $75,900 on Saturday morning.
By Emma Cruz ·
U.S. spot bitcoin exchange-traded funds have given back all of their 2026 inflows after a week of heavy redemptions, according to flow data from SoSoValue reported by The Block [1].
The 12 funds lost a net $1.28 billion over the week, the worst weekly outflow since late June and the second negative week in a row [1]. Only Wednesday brought money in, at $74.6 million. The other four sessions were outflows of $398.6 million on Monday, $115.6 million on Tuesday, $430.2 million on Thursday and $411.9 million on Friday [1]. The funds began the week with about $368 million of net inflows for the year and ended Friday about $914.1 million in the red, The Block reported [1].
Friday's selling was concentrated in one product. BlackRock's IBIT lost $403 million, roughly 88% of the day's gross outflows, while Bitwise's BITB and the Ark and 21Shares fund ARKB each shed about $20 million and Grayscale's GBTC lost $11.1 million. Fidelity's FBTC, by contrast, took in $42.8 million [1]. On Thursday the picture was different: Decrypt, citing Farside Investors data, reported that FBTC lost $199.9 million and IBIT $105 million, together about 71% of that day's withdrawals [2]. Decrypt also counted roughly $1.04 billion of redemptions from IBIT over a five-session streak that began October 30 [2].
The outflows coincided with a sharp equity selloff. The Block reported that the Nasdaq Composite fell 5.5% and the S&P 500 fell 4.4% on Thursday, while bitcoin dropped 5.6% and ether 7.8% [3]. Decrypt said bitcoin slid back toward $76,000 after trading above $80,000 on Wednesday [2]. Analysts quoted by The Block tied the move to worries about the AI investment boom: Kyle Rodda of Capital.com said the Democratic sweep of Congress added to those concerns, and Axel Rudolph of IG said bitcoin was "dragged into the AI rout" [3]. Not every analyst is bearish; André Dragosch of Bitwise expects bitcoin to outperform U.S. equities as the AI trade unwinds, The Block reported [3].
Other crypto funds fared no better. Ether ETFs lost $365.3 million for the week, their sixth straight negative week and about $2.02 billion of outflows since late September, leaving them about $405.6 million down for 2026 [1]. Solana ETFs shed $26.3 million, their fifth consecutive weekly outflow and the longest streak since the products launched in October 2025, although they remain about $676.2 million higher for the year [1]. Three Hyperliquid funds lost $15.6 million, extending their outflow streak to five weeks [1].
The decline in assets is visible. Total bitcoin held by the 12 funds fell 2.3% to $95.9 billion, about 6.3% of bitcoin's market cap, and ether funds' net assets slipped 2.9% to $12.84 billion [1]. On Saturday morning The Block put bitcoin near $75,880 and ether near $2,244 [1].
For markets, the flows show that the funds have worked as a channel for investors to exit when risk appetite sours. Decrypt noted that it was impossible to tell from the data whether holders were selling to raise cash for losses elsewhere or simply reducing crypto exposure [2].
What to watch next: whether outflows continue when U.S. trading resumes on Monday, whether equities steady after Thursday's selloff, and whether year-to-date flows for bitcoin funds stay negative.
Sources:
[1] The Block, "Bitcoin ETFs flip negative for 2026 after $1.28 billion outflow week, worst since June", November 7, 2026. https://www.theblock.co/news/markets/2026-11-07-bitcoin-etfs-flip-negative-for-2026-after-1-28-billion-outflow-week-worst-since-june-435984
[2] Decrypt, "Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers", November 6, 2026. https://decrypt.co/382733/bitcoin-etfs-bleed-430-million-tech-rout-tests-wall-street
[3] The Block, "Crypto ETFs see over half a billion dollars in outflows amid post-midterm market slide", November 6, 2026. https://www.theblock.co/news/markets/2026-11-06-crypto-etfs-see-over-half-a-billion-dollars-in-outflows-amid-post-midterm-market-slide-435873
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.