Bitcoin ETFs Flip Negative for 2026 After $1.28 Billion Weekly Outflow, Worst Since June

U.S. spot bitcoin exchange-traded funds just posted their worst week since late June, and the damage was large enough to wipe out every dollar those products had gained in 2026.

The 12 funds logged $1.28 billion in net outflows during the week ended November 6, according to The Block's analysis of SoSoValue data. Crypto.news, citing Farside Investors, put the same bitcoin-fund total at $1.28 billion and said bitcoin and ether products together lost about $1.65 billion.

It was the funds' second straight negative week and the seventh-largest weekly outflow since they launched in January 2024. By Friday the group was about $914.1 million in the red for the year. Bitcoin spent Sunday stuck below $76,000, near $75,882, crypto.news reported, after an intraday low of $74,722 on Friday, according to 24/7 Wall St.

Four down days and one brief bounce

Money left on four of the five U.S. trading days. The Block said the products lost $398.6 million on Monday, $115.6 million on Tuesday, $430.2 million on Thursday and $411.9 million on Friday. Wednesday's $74.6 million inflow was the only green session.

That bounce came as bitcoin briefly climbed above $81,000 after the U.S. midterm elections, crypto.news reported, a rebound we covered when the blue-wave result first pushed bitcoin back toward $80,000.

The relief did not last. The Block said bitcoin then fell 5.6% on Thursday alone, as a selloff in equities and second thoughts about AI spending spilled into crypto. We followed that reversal when bitcoin dropped below $76,000 and more than $1 billion in leveraged positions were liquidated.

BlackRock's iShares Bitcoin Trust, or IBIT, dominated the exits. The Block said IBIT accounted for $403 million of Friday's loss, or about 88% of that day's gross outflows. Crypto.news, using Farside data, said IBIT shed $1.21 billion over the full week, including a $405.3 million withdrawal on Monday.

Fidelity's FBTC took in $42.8 million on Friday after leading Thursday's outflows with $199.9 million, The Block reported. For the week, Fidelity finished with $93.1 million in net subscriptions, crypto.news said. Bitwise's BITB and Ark 21Shares' ARKB each lost about $20 million on Friday, and Grayscale's GBTC shed $11.1 million.

The year flips negative

The Block said the funds entered the week with about $368 million in 2026 net inflows, after turning positive for the year in late September. Monday's redemptions pushed that figure below zero. By Friday the 12 funds had swung to about $914.1 million in net outflows year to date.

The bitcoin sitting inside those products dropped 2.3% to $95.9 billion, equal to about 6.3% of the cryptocurrency's market capitalization. IBIT alone held $60.3 billion in net assets, against $65.1 billion in cumulative inflows.

The previous worse week ended June 26, when the same funds shed $1.79 billion. The week before this latest rout, bitcoin ETFs lost $202.6 million, including a $643.3 million Friday outflow that The Block called the largest single-day exit in four months after the record Binance hack the FBI has pinned on North Korea's TraderTraitor.

Ether, Solana and Hyperliquid funds keep leaking

Spot ether ETFs lost $365.3 million last week, The Block said, their sixth straight week of net outflows. That run has drained about $2.02 billion from the funds since late September, and the products are now down about $405.6 million for 2026, with net assets falling 2.9% on the week to $12.84 billion.

Wednesday was again the only up day, with a $53 million inflow. Monday's $139.8 million outflow was the week's largest, followed by about $100 million on Thursday and $93.2 million on Friday. BlackRock's ETHA accounted for $90.8 million of Friday's total, about 96% of the day's gross losses.

Spot Solana ETFs lost $26.3 million, nearly all of it on Friday, extending their outflow streak to five weeks — the longest since those funds launched in October 2025. Five-week Solana outflows have reached $165.4 million, The Block said, though the products remain about $676.2 million positive for the year.

The three publicly traded Hyperliquid ETFs shed $15.6 million and also marked a fifth straight negative week, their longest run since they began trading in May. Their net assets fell about 17% on the week to $374.1 million.

XRP's smaller spot ETFs told a different story. 24/7 Wall St. said they took in no new money on November 3 through November 6 after a minor outflow of about $530,000 on November 2. XRP fell about 7.1% over the week, more than bitcoin.

Bitcoin stalls below $76,000 on Sunday

The weekend did little to repair the damage. Crypto.news said bitcoin was trading near $75,882 on Sunday, with a market capitalization of almost $1.526 trillion and 24-hour volume near $10.56 billion. Investing.com had it a touch lower early Sunday, at $75,776.7 as of 01:06 ET, down 0.34% and virtually unchanged on the day.

Several large altcoins had a worse week. Crypto.news said NEAR fell 15.21% to around $3.71, Bitcoin Cash lost 12.8% to nearly $246, Hyperliquid's HYPE dropped 11.96% to $77.35 and Stellar declined 10.62%. Ether held up better at about $2,239, off 1.35%. TRON and Zcash were among the few large-cap gainers.

Analyst Michaël van de Poppe told his followers that "literally nothing has happened" for bitcoin over the weekend. "Technically, Bitcoin has swept the lows, meaning we're likely to break higher," he wrote, adding that the market would still need to push through $76,000 to build upward momentum.

What the outflows say about Wall Street

The selling looks less like a single-fund accident than a broad risk-off move. 24/7 Wall St. argued that bitcoin ETFs sit in the same brokerage accounts as technology stocks, so when money managers cut risk, the crypto funds get sold alongside those shares.

Tech analyst Beth Kindig wrote on November 5 that "the dollar is back in an uptrend, yields are climbing," 24/7 Wall St. reported. Rising Treasury yields make a non-yielding asset such as bitcoin less attractive. The next day she said she expects "one more large drop" in bitcoin over the coming months.

The Block said analysts also tied Thursday's slide to the Democratic sweep of Congress and doubts about AI spending, including the possibility that Texas's political shift could slow development in a state packed with bitcoin mining facilities and data centers.

Not every large manager was heading for the exits. Fidelity's weekly inflow is one reason Global Settlement Network co-founder Ryan Kirkley cautioned against reading Wednesday's bounce as the end of selling. Crypto.news quoted him saying institutional decisions still turn on liquidity, monetary policy and unresolved U.S. rules around custody, payments and settlement.

AMINA Bank's head of derivatives trading, Andreja Cobeljic, pointed instead to ether ETF buying as the signal he would watch for institutional demand into 2027. "Simply put, ETH flows," he said in comments published November 6. Farside's cumulative totals through November 6 still show about $55.77 billion in net inflows into bitcoin ETFs since launch, according to crypto.news. Most of that long-term money has not left.

What comes next

The next test is whether the outflows slow when U.S. markets reopen. Another week of bitcoin ETF redemptions above $1 billion, and a close below the 200-day average of $73,197, would make a deeper Wall Street exit look more likely, 24/7 Wall St. said.

A swing back to net inflows, with bitcoin reclaiming its 20-day average of $79,674, could mark this week as a shakeout instead. Crypto.news noted that a recent technical read placed the 50-week moving average near $75,562, close to the $75,000 area that already failed on Friday.

For now the picture is straightforward. The products that helped carry bitcoin through much of the past two years just had their worst week since June, the 2026 flow tally has flipped negative, and the market spent Sunday waiting for a move back through $76,000 that has not arrived.