Bitcoin ETF outflows reached $1.56 billion for 2026, turning US spot funds negative for the year. See the weekly numbers and what they mean for investors.
Bitcoin ETF outflows have pushed US-listed spot bitcoin funds into the red for 2026. The funds now show $1.56 billion in net outflows for the year, according to SoSoValue data analysed by CoinDesk. Only two weeks ago, on October 29, the same funds were still up about $1.01 billion for the year.
The swing happened fast. Bitcoin fell below $70,000 early on Friday, November 13, its lowest level since August, and investors kept pulling money from the funds that many see as a gauge of institutional demand.
Table of Contents
How Bitcoin ETF Outflows Turned 2026 Negative
The turn started at the end of October. On October 30 alone, the funds lost $643.3 million in net outflows. That single day cut their yearly gain to about $368 million. From there, three weeks of selling did the rest.
- Two weeks ago: $202.6 million in net outflows.
- Last week: $1.28 billion in net outflows.
- This week, through Thursday: $643.6 million in net outflows.
Taken together, these Bitcoin ETF outflows erased the whole 2026 gain and left the funds $1.56 billion below where they started the year.
Key Numbers at a Glance
The table below brings together the main figures from CoinDesk’s report and from earlier weekly data published by The Block.
| Measure | Figure |
|---|---|
| Net flows for 2026 (as of Nov 13) | -$1.56 billion |
| Net flows for 2026 (Oct 29) | +$1.01 billion |
| Outflow on Oct 30 | $643.3 million |
| Outflows this week, through Thursday | $643.6 million |
| Outflows last week | $1.28 billion |
| Weeks in 2026 with outflows above $500 million | 12 |
| Such weeks in 2025 / 2024 | 15 / 4 |
| Net inflows in 2025 / 2024 | $21.37 billion / $35.24 billion |
Last Week Was the Worst Since June
Last week’s $1.28 billion exit was the biggest weekly drop since late June, according to The Block’s analysis of SoSoValue data. The most recent worse week ended June 26, with $1.79 billion in outflows. The Block also ranked it as the seventh-largest weekly outflow since the funds launched in January 2024.
Day by Day
Only one day last week saw money come in. The daily pattern, as reported by The Block, was:
- Monday: -$398.6 million
- Tuesday: -$115.6 million
- Wednesday: +$74.6 million
- Thursday: -$430.2 million
- Friday: -$411.9 million
On that Friday, BlackRock’s IBIT alone lost $403 million, about 88% of gross outflows. Fidelity’s FBTC went the other way and took in $42.8 million, a day after it led Thursday’s Bitcoin ETF outflows with $199.9 million leaving.
Is 2026 Heading for a Record?
This is the 12th week in 2026 with net outflows above $500 million. There were 15 such weeks in 2025 and four in 2024. CoinDesk notes that four more weeks like this in the last six weeks of the year would make 2026 a record year for heavy Bitcoin ETF outflows.
That is a sharp change in mood. The funds took in net inflows of $21.37 billion in 2025 and $35.24 billion in 2024. CoinDesk says spot bitcoin ETFs, widely seen as a proxy for institutional demand, have now fallen out of investor favour.
Why Bitcoin ETF Outflows Matter
A spot bitcoin ETF holds real bitcoin. When investors buy shares, the fund usually has to buy more coins. When investors sell and money leaves, the fund may need to sell coins. That is why steady Bitcoin ETF outflows can add selling pressure to the market.
The funds are also big holders. As of The Block’s November 7 report, US spot bitcoin ETFs held about $95.9 billion in bitcoin, roughly 6.3% of bitcoin’s market value. IBIT alone held about $60.3 billion in net assets.
A Signal of Institutional Mood
Large asset managers, wealth advisers and pension-style investors often use ETFs rather than buying coins directly. Their flows give a rough read on how professional money feels about bitcoin. When Bitcoin ETF outflows pile up week after week, it suggests that this group is cutting exposure or waiting on the sidelines.
What Is Happening to the Bitcoin Price
The outflows have come alongside a weaker market. Bitcoin fell below $70,000 early on Friday for the first time since August. Analysts are now debating whether the $68K area can act as a floor; read our analysis of the Bitcoin bottom debate near $68K. You can also follow our story on Bitcoin slipping below $70K.
Ether funds have seen similar pressure. The Block reported that spot ether ETFs lost $365.3 million last week, their sixth straight week of net outflows.
What Bitcoin ETF Outflows Mean for Investors
For investors in New Zealand who follow US markets, these flows are worth tracking. Here are some practical points:
- Flows are one signal, not the whole story. Bitcoin ETF outflows show what one group of investors is doing. Exchange trading, long-term holders and global demand also move the price.
- Watch the trend, not one day. A single big day can be noise. Several weeks of selling, as seen now, carries more weight.
- Remember currency effects. Kiwi investors who buy US-listed funds face exchange-rate risk as well. See our update on the New Zealand dollar’s slide.
- Check local rules. Access to US spot bitcoin ETFs varies by platform. The Financial Markets Authority has general guidance for New Zealand investors on crypto risks.
How Spot Bitcoin ETF Flows Are Measured
Data providers such as SoSoValue and Farside Investors add up the daily creations and redemptions of each fund. A creation means new shares are issued as money comes in. A redemption means shares are removed as money goes out. The net of these across all funds gives the daily flow.
Numbers can differ slightly between providers because of timing and how they treat late data. That is why year-to-date totals may vary a little from one report to another, even when the trend is the same.
What to Watch in the Coming Weeks
Six weeks remain in 2026. Investors will watch a few things closely over that period:
- Weekly flow totals. Whether Bitcoin ETF outflows stay above $500 million a week will decide if 2026 sets a record.
- The $70,000 level. Bitcoin fell below it for the first time since August. A move back above it could change the mood.
- The largest funds. IBIT and FBTC carry the most weight, so their daily numbers often set the tone for the whole group.
A return to steady inflows would suggest that institutional buyers see recent prices as good value. Continued selling would point to more caution ahead.
Frequently Asked Questions
How large are Bitcoin ETF outflows in 2026?
US-listed spot bitcoin ETFs are down $1.56 billion in net outflows for the year, according to SoSoValue data cited by CoinDesk on November 13.
Were the funds positive earlier this year?
Yes. On October 29, they were up about $1.01 billion for 2026. Heavy selling since then turned the total negative.
How much left the funds this week?
About $643.6 million through Thursday, after $1.28 billion the week before and $202.6 million the week before that.
Could 2026 set a record?
This is the 12th week of outflows above $500 million this year. Four more such weeks before year-end would make it a record, CoinDesk said.
This article is for information only and is not financial advice.
