Investors pulled about $1.28 billion out of U.S. spot Bitcoin exchange-traded funds (ETFs) in the week of November 2–6. Money left the funds on four of the five trading days, and the selling was large enough to push the funds into net outflows for 2026 as a whole.
It was the second losing week in a row, after the week of the Binance hack ended about $202 million in the red.
Day by day
- Monday, November 2: about $398.6 million out, almost all of it from BlackRock’s IBIT (about $405 million).
- Tuesday, November 3: about $115.6 million out.
- Wednesday, November 4: about $74.6 million in, the only day of new money.
- Thursday, November 5: about $430.2 million out, the biggest day of the week. Fidelity’s FBTC led with about $200 million leaving.
- Friday, November 6: about $411.9 million out. IBIT alone lost about $403 million, while FBTC took in about $43 million.
The year turns negative
Before this week, the funds still had a few hundred million dollars of net new money for 2026. After five days of mostly selling, they now show net outflows of roughly $900 million for the year so far. In other words, across 2026, investors have taken more money out of these funds than they have put in.
What was happening in markets
The selling came during a rough week for risky assets. Stocks swung sharply after the U.S. midterm elections, chip and AI stocks fell hard, and Bitcoin fell below $76,000 during the week. It was still trading close to that level over the weekend.
Why it matters
Spot ETFs are one of the main ways large investors and ordinary savers buy Bitcoin, so their flows are a simple gauge of demand. A full year with net outflows would be a clear change in mood. The flow data does not show why each investor sold: some may be cutting risk after the stock market slide, others reacting to the Binance hack. The coming weeks will show whether buyers return before the year ends.
This article is for information only and is not financial advice.
