US spot Bitcoin ETFs lost $1.07 billion last week, their second straight week above $1 billion in outflows, as BlackRock's IBIT extended its losing streak.
Key Facts
US spot Bitcoin ETFs posted $1.07 billion in net outflows from Nov. 9 to Nov. 13, their second consecutive week with more than $1 billion in redemptions, according to SoSoValue data.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for about 85% of the week's outflow and has not had a net inflow day since Oct. 29, an 11-session streak.
Bitcoin traded around $64,500 at the time of writing, down about 15% over the past week, as the funds' combined assets under management held at $86.2 billion.
US spot Bitcoin (BTC) exchange-traded funds posted $1.07 billion in net outflows from Nov. 9 to Nov. 13, their second straight week with more than $1 billion in redemptions, according to SoSoValue data.
The prior week, Nov. 2 to Nov. 6, lost $1.28 billion, the heaviest weekly outflow since late June in SoSoValue's daily series, which reaches back to July 2025. Together the two weeks pulled $2.35 billion from the funds.
The funds still held $86.2 billion in combined assets under management (AUM) as of Nov. 13, $54.6 billion above their cumulative net inflows since launching in January 2024.
IBIT Accounts for Most of the Weekly Outflow
BlackRock's iShares Bitcoin Trust (IBIT), the largest of the US spot Bitcoin exchange-traded funds (ETFs), shed $908.5 million during the week, about 85% of the industry-wide total. IBIT has not posted a net inflow day since Oct. 29, an 11-session streak through Nov. 13.
Fidelity's FBTC lost $111.3 million over the same week and Grayscale's original GBTC trust lost $39.1 million. Combined, the three funds accounted for nearly all of the week's outflow, leaving the other nine US spot Bitcoin funds roughly flat.
The slide followed a brief rebound. Inflows over three sessions in late October gave way to a $643 million single-day outflow on Oct. 30, the steepest since June, which marked the start of the current drawdown.
Ether (ETH) funds lost about $399 million over the same week, extending a parallel decline in Ethereum ETF flows, according to SoSoValue data.
Bitcoin Falls as Outflows Continue
The redemptions have run alongside a broader slide in Bitcoin's own price. The token traded around $64,500 at the time of writing, down 2% over the past 24 hours and about 15% over the past week, according to CoinMarketCap data.
Spot Bitcoin ETFs create and redeem shares through authorized participants acting on behalf of institutional investors and other large holders, a mechanism SoSoValue's data does not break down by holder type.
This article contains links to third-party websites or other content for information purposes only ("Third-Party Sites"). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author's own and do not necessarily reflect those of CoinMarketCap.
