U.S. Spot Bitcoin ETFs Swing to $827.8 Million in 2026 Outflows

By Marcus Bennett

$1.2817 billion left U.S. spot Bitcoin ETFs from Nov. 2 through Nov. 6, 2026, according to reported flow data, leaving the products with $827.8 million in net outflows for 2026.

The reported numbers show how quickly the balance changed. The funds entered Nov. 2 with $453.9 million in net inflows for 2026. By Nov. 6, that positive balance had become negative. It was the first negative year-to-date reading since the funds turned positive in late September.

A two-week withdrawal streak

The Nov. 2-6 week delivered the largest weekly outflow since late June. It also marked the second straight week of net withdrawals. About $200 million left the funds in the preceding week.

That earlier decline had already weakened the year-to-date position. The latest five sessions then erased the remaining $453.9 million cushion and pushed the cumulative figure past zero. The change from a $453.9 million inflow to an $827.8 million outflow amounted to $1.2817 billion.

The timing of the losses made the reversal more pronounced. Nov. 4 was the only session of the week with net inflows, at $74.6 million. The gains vanished as withdrawals followed on Nov. 5 and Nov. 6, when the funds lost $430.2 million and $411.9 million, respectively.

Most of the week's net redemptions arrived during those final two sessions. Together, they overwhelmed the lone inflow day. The pattern did more than erase earlier subscriptions: it extended the withdrawal streak and left the ETF group below its starting point for the year.

Issuer-level moves

BlackRock's IBIT recorded a major product-level outflow in the final session: the fund lost $403 million on Nov. 6, nearly matching the $411.9 million net outflow recorded across all U.S. spot Bitcoin ETFs that day.

IBIT also lost $405.3 million on Nov. 2. Its outflows on both dates show that the product-level pressure was not confined to a single session.

Fidelity's FBTC moved in the opposite direction on Nov. 6, taking in $42.8 million. The inflow followed nearly $200 million of withdrawals from FBTC on Nov. 5. One day of demand did not offset the earlier fund-level outflow.

The daily figures show why the weekly total was so heavy. Nov. 5 delivered the larger of the two final-session declines, while Nov. 6 produced a similarly large withdrawal. FBTC's Nov. 6 inflow softened the day's overall loss but did not alter the weekly result.

What does this change for ETF investors?

It changes the near-term flow signal from net subscriptions to sustained withdrawals. The funds have now posted two consecutive negative weeks, and the latest one was their largest since late June. For investors, the practical issue is whether demand can rebuild after outflows reached that scale; the reported data do not identify who redeemed or why.

For issuers, the disclosed data show meaningful pressure on BlackRock's IBIT, with additional outflows at Fidelity's FBTC on Nov. 5. BlackRock's IBIT recorded major losses on both Nov. 2 and Nov. 6. Fidelity's FBTC offered a brief counterpoint on the final day.

The next trading session will begin to show whether the reversal persists. A third consecutive weekly outflow would extend the current streak and confirm a deeper shift in investor demand. A meaningful inflow would show that the Nov. 4 pause was not a one-off.

The next weekly flow print will help show whether this remains a short-lived withdrawal streak or a durable shift in how investors allocate through spot Bitcoin ETFs. For sponsors and allocators, that distinction matters more than any single fund's daily move.