Key Takeaways
- • U.S. spot Bitcoin ETFs recorded $1.282 billion in net outflows during the trading week of 2 to 6 November 2026, according to SoSoValue data reported by FinanceFeeds.
- • BlackRock's iShares Bitcoin Trust (IBIT) accounted for $1.209 billion, roughly 94% of the week's net outflows, making it the dominant source of withdrawals.
- • The week was the worst for spot Bitcoin ETFs since late June, according to The Block, and represented the second consecutive week of net withdrawals.
- • Year-to-date 2026 net flows for U.S. spot Bitcoin ETFs turned negative, moving from roughly $368 million of inflows to a $914 million deficit, per SoSoValue.
- • The 12 Bitcoin funds ended the week with $95.9 billion in net assets, down 2.3% from the prior week, as Bitcoin traded near $75,880 on 7 November.
Summary
United States spot Bitcoin exchange-traded funds recorded $1.282 billion in net outflows during the trading week of 2 to 6 November, according to SoSoValue data reported by FinanceFeeds. BlackRock's iShares Bitcoin Trust (IBIT) accounted for $1.209 billion of the total, and The Block reported that the withdrawals marked the worst week for spot Bitcoin ETFs since late June.
The concentration of outflows in a single fund is notable. IBIT represented roughly 94% of the week's net outflow. Grayscale's Bitcoin Trust (GBTC) followed with $61 million in outflows, bringing its cumulative historical net outflow to $28.11 billion. Fidelity's Wise Origin Bitcoin Fund (FBTC) was the only major product to post a meaningful inflow, taking in $93.1 million, the largest weekly net inflow among the funds. IBIT's cumulative historical inflows still stand at $65.10 billion, and BlackRock reported the fund's net assets at approximately $60.7 billion as of 6 November. Whether the outflows reflect broad institutional retreat or repositioning by a specific set of IBIT holders remains open.
Net outflows occurred on four of the week's five trading sessions. The only inflow was $74.6 million on 4 November, according to CryptoTimes. Withdrawals accelerated late in the week, with $430.2 million leaving on 5 November and $411.9 million on 6 November, according to SoSoValue and Farside Investors data. IBIT accounted for approximately $403 million of the 6 November outflow, per Crypto Briefing. On the same day, Fidelity's FBTC took in $42.8 million after a $199.9 million loss the prior session, and Bitwise's BITB shed $20.55 million.
MLQ reported that the week ranks seventh among weekly outflows since the spot Bitcoin ETFs launched in January 2024. The 12 Bitcoin funds ended the week with $95.9 billion in net assets, down 2.3% from the previous week. The withdrawals pushed 2026 year-to-date net flows below zero. The funds entered the week with roughly $368 million of net inflows for the year and ended it approximately $914 million in the red, according to SoSoValue. Cumulative historical net inflows since launch still total $55.70 billion, with an ETF net asset ratio of 6.28% relative to Bitcoin's total market capitalization.
The outflows coincided with a broader selloff across crypto and equities. Bitcoin traded below $76,000 over the weekend, reaching approximately $75,880 on 7 November, according to MLQ. Cryptocurrency liquidations exceeded $1 billion during Sunday's volatility on 8 November, according to crypto.news. Analysts cited in the reporting indicate that a reversal in ETF flows would likely require stabilisation in Bitcoin's spot price and a shift in the macro environment weighing on risk assets.
The concentration of outflows in a single fund is notable. IBIT represented roughly 94% of the week's net outflow. Grayscale's Bitcoin Trust (GBTC) followed with $61 million in outflows, bringing its cumulative historical net outflow to $28.11 billion. Fidelity's Wise Origin Bitcoin Fund (FBTC) was the only major product to post a meaningful inflow, taking in $93.1 million, the largest weekly net inflow among the funds. IBIT's cumulative historical inflows still stand at $65.10 billion, and BlackRock reported the fund's net assets at approximately $60.7 billion as of 6 November. Whether the outflows reflect broad institutional retreat or repositioning by a specific set of IBIT holders remains open.
Net outflows occurred on four of the week's five trading sessions. The only inflow was $74.6 million on 4 November, according to CryptoTimes. Withdrawals accelerated late in the week, with $430.2 million leaving on 5 November and $411.9 million on 6 November, according to SoSoValue and Farside Investors data. IBIT accounted for approximately $403 million of the 6 November outflow, per Crypto Briefing. On the same day, Fidelity's FBTC took in $42.8 million after a $199.9 million loss the prior session, and Bitwise's BITB shed $20.55 million.
MLQ reported that the week ranks seventh among weekly outflows since the spot Bitcoin ETFs launched in January 2024. The 12 Bitcoin funds ended the week with $95.9 billion in net assets, down 2.3% from the previous week. The withdrawals pushed 2026 year-to-date net flows below zero. The funds entered the week with roughly $368 million of net inflows for the year and ended it approximately $914 million in the red, according to SoSoValue. Cumulative historical net inflows since launch still total $55.70 billion, with an ETF net asset ratio of 6.28% relative to Bitcoin's total market capitalization.
The outflows coincided with a broader selloff across crypto and equities. Bitcoin traded below $76,000 over the weekend, reaching approximately $75,880 on 7 November, according to MLQ. Cryptocurrency liquidations exceeded $1 billion during Sunday's volatility on 8 November, according to crypto.news. Analysts cited in the reporting indicate that a reversal in ETF flows would likely require stabilisation in Bitcoin's spot price and a shift in the macro environment weighing on risk assets.
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