Bitcoin Spot ETFs Bleed $185 Million as Outflow Streak Hits Seven Days

U.S. Bitcoin spot ETFs lost $185.45 million in a single trading session on November 13, 2026, stretching their net outflow streak to seven consecutive days. The number comes from SoSoValue's daily fund-flow tracker, and it follows a familiar pattern: just two funds did nearly all the bleeding.

BlackRock's IBIT accounted for $143.53 million of the day's withdrawals. Fidelity's FBTC chipped in another $41.92 million. The remaining ten funds in the twelve-product market flatlined at zero net flows, according to SoSoValue's data — neither attracting new money nor shedding it.

Seven sessions is a long stretch. Daily net outflows have persisted since November 5, when the current streak began. There is one faint signal of stabilization, though. Withdrawals narrowed by roughly 35% compared with the previous session, which suggests the pace of selling is easing rather than accelerating.

What does this change for the ETF market?

In practical terms, not much yet — and that is the story. Despite a week of outflows, cumulative net inflows into U.S. Bitcoin spot ETFs still stood at $54.63 billion. Total net assets across the category were $86.20 billion, equivalent to about 6.22% of Bitcoin's entire market capitalization. The structure of the market remains intact even as short-term money heads for the exits.

The concentration numbers matter more than the headline outflow. Consider the asset ranking:

• BlackRock's IBIT: $53.99 billion in net assets — roughly 63% of the entire category
• Fidelity's FBTC: $11.92 billion
• Grayscale's GBTC: $8.48 billion

That concentration carries through to trading activity. Total volume across all Bitcoin spot ETFs reached $2.59 billion on November 13. IBIT alone was responsible for $2.06 billion of it — nearly 80% of the market's turnover. FBTC traded $230.29 million and GBTC $82.35 million.

There is an odd tension in that volume figure. The two funds losing assets are also the two funds investors trade most heavily. High volume alongside net outflows can indicate active repositioning rather than a wholesale exit — holders rotating between products, or short-term traders dominating the tape while longer-term positions stay put.

It also means the outflow story is effectively a two-fund story. If IBIT flows reverse, the headline flips positive regardless of what the other ten products do. If IBIT keeps bleeding at $140 million-plus per session, the streak will look uglier fast, simply because nothing else in the market is large enough to offset it.

The seven-session run has now shaved the sector's momentum without denting its base. A $54.63 billion cumulative inflow figure does not unwind in a week. But fund-flow watchers will be looking at whether the 35% day-over-day narrowing in withdrawals continues into the next session — a second consecutive contraction would mark the streak's first credible signal of exhaustion, while a rebound toward $200 million in daily outflows would say the repricing has further to run.