US Spot Bitcoin ETFs Bleed $1.44 Billion in Five-Day Outflow Streak

US spot Bitcoin exchange-traded funds recorded $1.44 billion in net outflows over five consecutive trading days through November 11, 2026, according to SoSoValue data. The streak marked the category's largest weekly withdrawal since late June 2026 and pushed year-to-date flows into negative territory for the first time this cycle.

BlackRock's iShares Bitcoin Trust (IBIT), the largest fund in the category, absorbed the bulk of the damage. The fund lost more than $1.2 billion in the week ending November 11, cementing its role as the bellwether for the entire ETF complex.

What do the numbers show?

The five-day redemption streak flipped the funds' 2026 scorecard into the red. Year-to-date net flows stood at roughly negative $914 million after the week ending November 7, per the SoSoValue dataset.

The wider structure of the market remains large despite the pullback:

• Total net inflows since the funds launched in January 2024: approximately $55.1 billion
• Combined assets under management: about $93.7 billion
• Aggregate holdings across all funds: roughly 1.25 million BTC

Bitcoin itself held up comparatively well during the outflow window. The asset traded between $75,000 and $76,000, a range that coincided with a broader sell-off in the Nasdaq.

Why did investors pull out now?

Analysts cited by Decrypt framed the redemptions as modest relative to the roughly $55 billion the funds have accumulated since launch. Their sharper concern: fresh buying demand has dried up, leaving the marginal buyer on the sidelines.

The macro backdrop amplified the caution. Uncertainty following the US midterm elections compounded an already risk-averse mood, while rising concerns in the tech sector weighed on the Nasdaq. That correlation matters operationally: portfolio managers increasingly hold spot Bitcoin ETFs alongside growth stocks, so tech weakness now transmits directly into ETF flows.

The category's history since its January 2024 debut follows a pattern of waves. Strong inflow periods have typically given way to pauses or pullbacks, and the late June 2026 withdrawal now serves as the benchmark against which this latest week is measured.

What does this mean for institutional appetite?

ETF flows have become one of the clearest real-time signals of institutional sentiment available in crypto markets. A five-day outflow streak combined with a negative year-to-date figure indicates that incremental demand has stepped back, even as the underlying asset base — roughly 1.25 million BTC held in trust — remains intact.

IBIT's dominance in recent withdrawals cuts both ways. Its scale makes it the most liquid venue for institutional exposure, but it also concentrates redemption pressure in a single vehicle, meaning BlackRock's fund now effectively sets the tone for the whole category.

With 2026 flows sitting near negative $914 million, the funds would need a sustained inflow turnaround in the remaining weeks of the year to close in positive territory — a benchmark traders will watch against the late-June withdrawal record as the reference point for whether this pullback deepens or stabilizes.