US spot Bitcoin exchange-traded funds have posted five straight days of net outflows, bleeding $1.44 billion as investors reduce their exposure to risk assets.
The losing streak stretched through November 11, 2026, according to data from SoSoValue.
Where the money went
BlackRock’s iShares Bitcoin Trust (IBIT), the largest product in the category, accounted for most of the drain. The fund recorded withdrawals of more than $1.2 billion in the week leading up to November 11.
The pullback also tipped the funds’ 2026 tally into negative territory. Year-to-date flows have slipped to roughly −$914 million following the outflows that ended November 7, the biggest weekly withdrawal since late June 2026.
Bitcoin itself, by contrast, held up fairly well. The asset traded in a range of $75,000 to $76,000 during the outflow window, a stretch that overlapped with a broader sell-off in the Nasdaq.
Modest outflows, but fresh demand has gone quiet
Analysts cited by Decrypt described the redemptions as small compared with the roughly $55 billion the funds have attracted overall. Their sharper concern was that new buying interest appears to have dried up.
The longer-term picture still looks substantial. Cumulative net inflows since the funds launched in January 2024 stand at around $55.1 billion, according to the research data.
Assets under management are roughly $93.7 billion. Across all the funds, holdings total about 1.25 million $BTC.
The macro backdrop
The outflows arrived during a turbulent period for markets broadly. Uncertainty following the US midterm elections added to an already cautious mood, according to the research findings.
Concerns in the tech sector also played a part. The Nasdaq sell-off matters because spot Bitcoin ETFs have increasingly been held alongside growth stocks in the same portfolios.
Spot Bitcoin ETFs began trading in the US in January 2024 after years of rejected applications. Since then, flows have come in waves. Strong inflow periods have typically been followed by pauses or pullbacks, and the late June 2026 withdrawal now serves as the benchmark against which this latest week is measured.
What this means for Bitcoin and ETF investors
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, suggests that the marginal buyer has stepped back for now.
The research findings suggest the overall ETF setup remains robust, with roughly 1.25 million $BTC still held in these funds.
With IBIT accounting for the bulk of recent withdrawals, BlackRock’s fund increasingly serves as a bellwether for the whole category.
With 2026 flows sitting at around −$914 million, the funds would need a meaningful turnaround to finish the year in positive territory.
