US Crypto ETFs Bleed $1.53 Billion in a Week, Led by Bitcoin

US crypto ETFs lost $1.53 billion in net outflows during the trading week of Nov. 9–13, according to flow data from Farside Investors, with Bitcoin funds accounting for nearly 70% of the withdrawals. All five tracked fund groups — Bitcoin, Ethereum, Solana, Hyperliquid and Zcash — finished the week in the red, marking a second consecutive week of withdrawals after $1.7006 billion left the same groups during Nov. 2–6.

The combined total fell 9.9% week-over-week, a decline of $169.2 million. That improvement, however, was uneven. Bitcoin and Hyperliquid funds lost less money than in the prior week, while Ethereum, Solana and Zcash funds bled more. The selling coincided with weakness in the underlying assets: Bitcoin fell below $69,000 on Nov. 13, while Ether dropped below $2,000 during the same selloff.

How deep did Bitcoin ETF losses run?

Bitcoin ETFs recorded net outflows on every session, extending their negative run to seven consecutive trading days through Friday. Weekly withdrawals of $1.065 billion were down about 16.9% from the previous week's $1.282 billion.

The daily pattern was relentless. Monday saw $201 million leave, Tuesday $95 million, Wednesday $299.8 million — the week's largest single-day total — Thursday $284.1 million and Friday $185.4 million.

BlackRock's IBIT, the largest spot Bitcoin fund, shed $908.4 million across the five sessions, with withdrawals recorded every single day. Fidelity's FBTC lost $111.3 million. One counterpoint existed: Morgan Stanley's MSBT attracted $54.4 million, posting positive flows on the first four days and no net movement Friday.

Across the first two November weeks, Bitcoin ETFs have now lost $2.347 billion. Farside's cumulative net-flow figure remained positive at roughly $54.7 billion through Nov. 13 — a reminder that the funds' lifetime position remains firmly in the black, even as the monthly ledger darkens.

What did Ethereum funds do?

Ethereum ETFs lost $398.9 million for the week, about 9.2% worse than the previous week's $365.2 million. The week ended on a marginal positive note: Friday brought $2.3 million in net inflows, breaking a six-session run of withdrawals, as Fidelity's FETH took in $11.6 million against $9.3 million leaving Grayscale's ETH fund.

The damage was concentrated earlier. Monday produced $184.6 million in withdrawals, Wednesday shed $144.8 million, Thursday lost $70.5 million and Tuesday bled $1.3 million.

BlackRock's ETHA accounted for $311.1 million of the week's withdrawals, with no net flow on Tuesday or Friday. FETH lost $12.1 million over the full week despite Friday's buying, ETHB shed $25 million, and Grayscale's ETH fund recorded $43 million in net withdrawals.

Bitcoin and Ethereum funds together lost $1.4642 billion — roughly 95.6% of all withdrawals across the five tracked groups.

Where did the smaller funds stand?

Solana funds recorded $32 million in net outflows, up from $25 million the previous week, with all five sessions negative. Bitwise's BSOL lost $12.4 million despite a $1.7 million inflow on Thursday. FSOL shed $11.3 million, TSOL lost $2.8 million, GSOL $2.4 million, MSOL $2.1 million, with VSOL and SOEZ posting $300,000 and $700,000 in outflows respectively. No Solana fund finished the week positive.

Zcash's ZCSH lost $30.8 million, more than double the prior week's $13 million, bringing November withdrawals for the fund to $43.8 million across the first 10 trading sessions. Hyperliquid ETFs fared comparatively better, losing $4.4 million after $15.7 million the previous week. THYP shed $5.2 million, BHYP attracted $800,000 on Monday, and HYPG recorded no net movement.

The takeaway is plain: institutional appetite for crypto ETF exposure contracted across every tracked group for a second week. Whether Friday's marginal Ethereum inflow marks a floor or a pause depends on data the coming trading week has yet to produce.