TheBlock
U.S. spot bitcoin ETFs lost $1.07 billion in net outflows last week, their second straight week above $1 billion, per The Block's analysis of SoSoValue data. Combined with the prior week's $1.28 billion, the funds have shed $2.35 billion over two weeks, the largest such total since the fortnight ending June 5. Friday marked the seventh consecutive daily loss, a streak that has drained $1.91 billion since Nov. 5, and BlackRock's IBIT drove $143.5 million of that day's outflows, about 77% of the total. Bitcoin broke below $69,000 on Friday and traded near $65,650 by Saturday morning.
Why it matters
The selling stretched across nearly every corner of the crypto ETF market. Ten of the 15 tracked U.S. spot crypto fund categories posted net outflows and four reported no flows at all, with roughly $1.55 billion leaving the funds overall. Spot ether funds lost $398.9 million, a seventh straight negative week that has pulled about $2.42 billion since late September, while Solana funds extended their run to six negative weeks. Avalanche funds were the lone inflow, taking in just $227,000 on Thursday.
The timing is the signal. The streak deepened as traders weighed Jensen Huang's resignation as Nvidia CEO and expectations of another Federal Reserve rate hike, and bitcoin's slide below $69,000, its lowest since Aug. 20, suggests risk appetite is leaving the sector in one piece rather than trickling out.
Market impact
Bitcoin ETFs are now down about $1.98 billion for 2026, more than double the prior week's deficit, and November's $2.35 billion in nine sessions is already the largest monthly outflow since June's $4.51 billion. IBIT holds $53.99 billion in bitcoin against $64.19 billion in cumulative inflows since launch, and ether ETF net assets fell 15.5% over the week to $10.85 billion, their lowest since Aug. 18.
Watch whether ether funds post an eighth straight negative week, which would tie the category record, and whether IBIT's outsized share of the outflows becomes the norm.
Frequently asked questions
-
How much have bitcoin ETFs lost over the past two weeks?
$2.35 billion. The funds shed $1.07 billion last week after $1.28 billion the week before, the largest two-week total since the fortnight ending June 5, when $3.14 billion left the funds.
-
Why are bitcoin ETFs seeing outflows now?
The streak deepened as bitcoin fell below $69,000, its lowest level since Aug. 20, with traders weighing Jensen Huang's resignation as Nvidia CEO and expectations of another Federal Reserve rate hike.
-
Which crypto ETF category posted inflows last week?
Avalanche funds were the only category with a weekly inflow, taking in $227,000 on Thursday. Ten of the 15 tracked U.S. spot crypto fund groups posted net outflows and four reported no flows.
-
How close are ether ETFs to a record outflow streak?
Spot ether ETFs have posted seven consecutive negative weeks, draining about $2.42 billion since late September. The category record is eight weeks, most recently matched in early July, so another negative week would tie it again.
-
Where does BlackRock's IBIT stand after the outflows?
IBIT holds bitcoin worth $53.99 billion against $64.19 billion in cumulative inflows since launch. The fund accounted for $143.5 million, about 77%, of Friday's outflows.
CryptoSlate
CoinTelegraph
WuBlockchain
Lookonchain
Glassnode