Bitcoin ETF Outflows Reached $1.28 Billion in a Week – Highest Since June

American spot exchange-traded funds (ETFs) on Bitcoin recorded a net capital outflow of $1.28 billion for the week of November 2–6, 2026. According to Farside Investors, this is the largest weekly figure since the end of June when the outflow reached approximately $1.79 billion.

The capital reduction occurred amid a decline in the Bitcoin (BTC) rate and a sell-off in American tech stocks. As of the market snapshot on November 9, BTC was trading around $74,049, losing 2.3% over the day and about 5% over the week, according to CoinGecko.

BlackRock IBIT accounted for the majority of the outflow

The largest negative result was recorded by the iShares Bitcoin Trust (IBIT) fund of BlackRock. Over five trading days, the net outflow amounted to $1.21 billion, or about 94.4% of the total weekly figure for all American spot Bitcoin ETFs.

For IBIT, this was the sixth consecutive trading session with negative cash flow. From October 30 to November 6, investors withdrew approximately $1.44 billion from the fund.

The largest daily outflow for the reporting week occurred on Friday, November 6, when $403 million was withdrawn from IBIT. The total result for all spot Bitcoin ETFs for this session was -$411.9 million.

However, not all funds experienced negative dynamics. The Fidelity Wise Origin Bitcoin Fund (FBTC) ended the week with a net inflow of about $93.1 million, despite an outflow of $199.9 million on Thursday, November 5.

ETF results for 2026 turned negative

According to SoSoValue, cumulative net capital flows into American spot Bitcoin ETFs have turned negative since the beginning of 2026. As of November 6, the net outflow amounted to about $0.9 billion.

In October, the funds already recorded an outflow of approximately $515 million. However, the accumulated result since the launch of spot Bitcoin ETFs in the US in January 2024 remained positive at about $55.8 billion.

It is important to note that net capital flows and the value of fund assets are different indicators. A decline in BTC price can reduce the value of assets under management even in the absence of new share redemptions.

Analysts monitor US inflation and Fed rate expectations

Bitfire Research associates the pressure on the cryptocurrency market with changing expectations regarding US interest rates, weakness in tech stocks, and uncertainty following the midterm elections.

An additional sentiment indicator is the Coinbase Premium, reflecting the difference between the BTC price on Coinbase and a selected exchange benchmark. As of November 8, the indicator was around -0.127%, indicating Bitcoin trading at a discount on Coinbase relative to Binance.

The Alternative.me Fear and Greed Index was at 29 out of 100 on November 9, corresponding to the 'Fear' category.

Bitfire analysts also highlighted the range of 74,400–75,000 as a technical support area. In their assessment, a sustained drop in BTC below this range could increase the risk of further decline. However, this scenario remains speculative and depends on subsequent market dynamics.

In the coming days, investors will be watching October data on consumer and producer inflation in the US, as well as statements from Federal Reserve representatives. These events could alter expectations for the Fed's decision at the December meeting.