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Institutions & ETFs · 1 min read

US Spot Bitcoin ETFs Log $1.28B Outflows in Heaviest Week Since June

BlackRock's IBIT accounted for 95% of weekly redemptions as macroeconomic doubts and industry shocks pressured crypto funds.

Editorial oversight: Julian Mercer, Chief Editor
Bearish
$BTC $74,147 −2.1%

At a glance

What happened
US spot Bitcoin ETFs saw $1.28 billion in weekly net redemptions, driven by $1.21 billion in outflows from BlackRock's IBIT fund.
Why it matters
The sustained retreat pushed year-to-date spot ETF net redemptions to $919 million, marking the worst weekly outflow volume since late June.
Who is affected
US spot Bitcoin ETF issuers, institutional fund allocators, and Bitcoin spot market traders.
What's next
Investors are awaiting forthcoming US inflation figures, Federal Reserve rate signals, and the year-end legislative status of the CLARITY Act.
Primary source
cointelegraph.com: Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June

Key points

  • US spot Bitcoin ETFs posted $1.28 billion in weekly net outflows, the largest aggregate redemption volume since late June.
  • BlackRock's IBIT lost $1.21 billion last week, extending a six-session streak of net outflows that erased $1.44 billion since Oct. 30.
  • Fidelity's FBTC countered the broader trend with roughly $93 million in weekly net inflows despite losing near $200 million Thursday.

US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows last week, marking their steepest weekly redemptions since late June 1. According to SoSoValue, the weekly withdrawals brought net outflows for the funds to approximately $919 million for the year 1. The retrenchment followed $515 million in net outflows recorded across the funds in October 1.

BlackRock's iShares Bitcoin Trust ($IBIT), the largest spot Bitcoin fund by total assets, led the retreat with $1.21 billion in net outflows last week, according to Farside Investors data 1. The fund posted net outflows across six consecutive trading sessions through Friday, with roughly $1.44 billion pulled since Oct. 30 1. IBIT alone accounted for about 95% of the total net outflows across spot funds reported by SoSoValue 1. In contrast, Fidelity's Wise Origin Bitcoin Fund (FBTC) gathered approximately $93 million in net inflows over the week, even after shedding nearly $200 million on Thursday 1.

Macro Weakness and Market Headwinds

Fund redemptions coincided with falling token valuations, with $BTC sliding beneath $76,000 last week as market participants digested a $6.3 billion hack on Binance, political uncertainty following US midterm elections, and a broader sell-off across technology equities 1. At the time of writing, Bitcoin changed hands around $74,147, down 2.1% over 24 hours.

Bitfire Research stated that market participants were reassessing the legislative timeline for the CLARITY Act to pass Congress prior to year-end, alongside shifting US interest rate forecasts 1. Bitfire pointed to a negative Coinbase Premium and an Alternative.me Crypto Fear & Greed Index reading of 25, diagnosing the sector as navigating a "breakdown and bottom-seeking phase" 1. The research firm cautioned that a decisive drop under the $74,400 to $75,000 support range could trigger deeper selling, identifying forthcoming US inflation reports and Federal Reserve communication as the immediate drivers for spot market direction 1.

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Sources

  1. [1] Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June — cointelegraph.com, November 9, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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