Key Takeaways
- • U.S. spot Bitcoin ETFs recorded $299.9 million in net outflows on November 11, 2026, marking a fifth consecutive session of withdrawals, according to SoSoValue data.
- • BlackRock's iShares Bitcoin Trust (IBIT) accounted for $269.73 million of the outflows, or nearly 90% of the day's total, while Grayscale's GBTC lost $39.13 million.
- • Cumulative five-session Bitcoin ETF outflows reached roughly $1.44 billion, though cumulative net inflows since January 2024 remain at $55.1 billion.
- • Spot Ethereum ETFs saw $144.81 million in net withdrawals on November 11, with BlackRock's ETHA accounting for $129.78 million; the Ethereum funds have also logged five straight sessions of outflows.
- • Bitcoin traded near $73,573 on November 12, down about 8.3% over seven days, with its 14-day RSI at 34.37 and price below its 20-day and 200-day EMAs.
Summary
U.S. spot Bitcoin exchange-traded funds recorded $299.9 million in net outflows on November 11, 2026, extending a fifth consecutive trading session of withdrawals, according to SoSoValue data. BlackRock's iShares Bitcoin Trust (IBIT) led the selling with $269.73 million in withdrawals, nearly 90% of the day's total. Grayscale's Bitcoin Trust (GBTC) recorded a further $39.13 million in outflows, and the two funds together accounted for $308.86 million. Morgan Stanley's Bitcoin Trust (MSBT) was the only product to attract new capital, with $8.96 million in net inflows, while the remaining funds reported no net movement.
The five-session streak began on November 5, when $430.2 million left the funds, followed by $411.9 million the next day. Across the period, cumulative withdrawals total roughly $1.44 billion. Fidelity's FBTC had accounted for $199.9 million of the November 5 outflows after attracting $236.7 million one session earlier. Despite the redemptions, U.S. spot Bitcoin ETFs still hold $93.7 billion in combined net assets, approximately 6.24% of Bitcoin's market capitalization, and cumulative net inflows since the products launched in January 2024 stand at $55.1 billion. IBIT remains the largest fund with $58.71 billion in assets, followed by FBTC at $12.98 billion and GBTC at $9.19 billion. Total Bitcoin ETF trading volume on the November 11 session reached $2.27 billion, with IBIT accounting for $1.79 billion.
The selling extended to Ethereum products, which recorded $144.81 million in net withdrawals on November 11. BlackRock's ETHA accounted for $129.78 million, and its Ethereum staking product ETHB for another $5.35 million. Bitwise, Fidelity, and Franklin Templeton also recorded smaller outflows, and no tracked Ethereum fund attracted net inflows. Ethereum ETFs have now logged five consecutive sessions of withdrawals, leaving cumulative net inflows at $11.59 billion and combined assets near $11.65 billion.
Bitcoin was trading near $73,573 on November 12, down roughly 8.3% over the previous seven days. Its 14-day RSI fell to 34.37, approaching the oversold threshold of 30, and MACD remained negative. Bitcoin sits below its 20-day EMA of $77,057 and 200-day EMA of $76,417, with the 50-day EMA at $78,682. Immediate support is near $72,819, with resistance at $79,321. Bitfinex analysts identified $75,717 as the short-term holder cost basis in their November 11 market update and set November 22 as a checkpoint for whether Bitcoin can recover that level after four consecutive days below it.
The five-session streak began on November 5, when $430.2 million left the funds, followed by $411.9 million the next day. Across the period, cumulative withdrawals total roughly $1.44 billion. Fidelity's FBTC had accounted for $199.9 million of the November 5 outflows after attracting $236.7 million one session earlier. Despite the redemptions, U.S. spot Bitcoin ETFs still hold $93.7 billion in combined net assets, approximately 6.24% of Bitcoin's market capitalization, and cumulative net inflows since the products launched in January 2024 stand at $55.1 billion. IBIT remains the largest fund with $58.71 billion in assets, followed by FBTC at $12.98 billion and GBTC at $9.19 billion. Total Bitcoin ETF trading volume on the November 11 session reached $2.27 billion, with IBIT accounting for $1.79 billion.
The selling extended to Ethereum products, which recorded $144.81 million in net withdrawals on November 11. BlackRock's ETHA accounted for $129.78 million, and its Ethereum staking product ETHB for another $5.35 million. Bitwise, Fidelity, and Franklin Templeton also recorded smaller outflows, and no tracked Ethereum fund attracted net inflows. Ethereum ETFs have now logged five consecutive sessions of withdrawals, leaving cumulative net inflows at $11.59 billion and combined assets near $11.65 billion.
Bitcoin was trading near $73,573 on November 12, down roughly 8.3% over the previous seven days. Its 14-day RSI fell to 34.37, approaching the oversold threshold of 30, and MACD remained negative. Bitcoin sits below its 20-day EMA of $77,057 and 200-day EMA of $76,417, with the 50-day EMA at $78,682. Immediate support is near $72,819, with resistance at $79,321. Bitfinex analysts identified $75,717 as the short-term holder cost basis in their November 11 market update and set November 22 as a checkpoint for whether Bitcoin can recover that level after four consecutive days below it.
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