cryptobriefing.com
12 November 2026 12:30, UTC
US spot Bitcoin exchange-traded funds just strung together five consecutive days of net outflows, shedding $1.44 billion as investors trimmed exposure to risk assets.
The streak ran through November 11, 2026, according to SoSoValue data.
BlackRock’s iShares Bitcoin Trust (IBIT), the biggest name in the category, did most of the bleeding. The fund saw withdrawals of over $1.2 billion in the week leading up to November 11.
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The pullback also pushed the funds’ 2026 scorecard into the red. Year-to-date flows turned negative at around $914 million after the outflows ending November 7, which marked the largest weekly withdrawal since late June 2026.
Meanwhile, Bitcoin itself held up reasonably well. The asset traded between $75,000 and $76,000 during the outflow window, a period that coincided with a broader sell-off in the Nasdaq.
Analysts cited by Decrypt framed the redemptions as small relative to the roughly $55 billion the funds have taken in overall. Their more pointed concern was that fresh buying demand has dried up.
The bigger picture still looks substantial. Total net inflows since the funds launched in January 2024 stand at around $55.1 billion, according to the research data.
Assets under management sit at approximately $93.7 billion. Across all the funds, holdings total about 1.25 million $BTC.
The outflows landed during a turbulent stretch for markets broadly. Uncertainty following the US midterm elections added to a mood that was already cautious, according to the research findings.
Rising concerns in the tech sector also played a role. The Nasdaq sell-off is relevant because spot Bitcoin ETFs have increasingly been held alongside growth stocks in the same portfolios.
Spot Bitcoin ETFs launched in the US in January 2024 after years of rejected applications. Since then, flows have moved in waves. Strong inflow periods have typically been followed by pauses or pullbacks, and the late June 2026 withdrawal now serves as the benchmark this latest week is measured against.
For anyone tracking institutional appetite, ETF flows have become one of the clearest real-time signals available. A five-day outflow streak, combined with a negative year-to-date figure, says that the marginal buyer has stepped back for now.
The research findings suggest the overall ETF setup remains robust, and roughly 1.25 million $BTC still sits in these funds.
With IBIT accounting for the bulk of recent withdrawals, BlackRock’s fund increasingly acts as a bellwether for the whole category.
With 2026 flows sitting at around negative $914 million, the funds would need a meaningful turnaround to close the year in positive territory.
