Spot bitcoin ETFs lose $1.91 billion over seven straight days of outflows
BlackRock's IBIT led the withdrawals. November's net outflows have reached about $2.35 billion, with inflows on only one day.
US spot bitcoin exchange-traded funds (ETFs) had net outflows on seven trading days in a row from November 5 to November 13. The run totaled $1.91 billion, according to TFTC's tracker, which uses Farside and SoSoValue data. Crypto.news, citing Farside, and TokenPost reported the same total.
An outflow means investors redeemed more fund shares than they bought, so the funds sold or handed over bitcoin.
The five trading days from November 9 to 13 accounted for $1.07 billion of the $1.91 billion. The worst day of the run was November 5, when $430.2 million left the funds.
The last two days
- November 12: net outflow of $284.0 million. BlackRock's iShares Bitcoin Trust (IBIT) lost $203.8 million and Fidelity's FBTC $32.6 million. Bitwise's BITB lost $26.4 million and ARK 21Shares' ARKB $18.5 million. Morgan Stanley's MSBT took in $3.3 million.
- November 13: net outflow of $185.5 million. IBIT lost $143.5 million and FBTC $41.9 million.
November so far
Across November's first 10 trading days, the funds had net outflows of about $2.35 billion, by TFTC's figures. Only November 4 brought net inflows, of $74.6 million.
IBIT had net outflows of $2.1 billion so far this month, TFTC reported. MSBT drew the most new money, a net $57.7 million.
The funds' total net assets fell to $86.2 billion after November 13, from $92.8 billion after November 10, by TFTC's figures. Both outflows and the falling bitcoin price shrink that total. Bitcoin dropped as low as $61,947 on Bitstamp on November 15.
How it compares
Runs like this have happened before. In TFTC's data, the longest outflow run lasted 13 trading days, from May 15 to June 3, 2026. Another ran 10 days, from June 17 to July 1, 2026.
Since they launched in January 2024, the funds have taken in a net $54.7 billion, by TFTC's figures. November's outflows so far equal about 4% of that.
Spot ETFs let people hold bitcoin through an ordinary brokerage account, so their flows are a running gauge of mainstream demand. A long run of outflows means the funds are holding fewer coins for those investors. Daily figures can be revised, so treat a single day's number as a first estimate.
Sources (6)
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