US Spot Bitcoin and Ethereum ETFs Face Massive Weekly Outflows
Investors withdrew $1.28 billion from Bitcoin ETFs and $365 million from Ethereum funds.
1Significant Weekly Capital Exodus
Between November 2 and November 6, 2026, US spot Bitcoin ETFs experienced a substantial net outflow of $1.28 billion. According to SoSoValue data, capital exited the market during four out of five trading sessions. This trend highlights a cooling investor appetite for institutional crypto products during this specific reporting week.
2BlackRock Funds Lead Losses
The iShares Bitcoin Trust (IBIT) managed by BlackRock bore the brunt of the selling pressure, recording $1.21 billion in outflows. Similarly, the iShares Ethereum Trust (ETHA) saw significant divestment, losing $345.96 million. These figures represent the majority of the total losses observed across the broader spot crypto ETF market segment.
3Ethereum ETF Performance Trends
Spot Ethereum ETFs followed a similar negative trajectory, recording a total weekly outflow of $365.28 million. Negative momentum persisted for four out of five days, with the highest daily exit occurring on November 2 at $139.8 million. Only the Fidelity Ethereum Fund (FETH) managed to attract positive inflows of $15.34 million.
4Daily Market Volatility Patterns
Market data reveals that November 4 was the only day with positive net inflows for Bitcoin ETFs, totaling $74.57 million. Conversely, November 5 marked the peak of the weekly sell-off, with $430.2 million exiting Bitcoin funds. This volatility underscores the rapid shifts in institutional sentiment throughout the five-day trading period.
5Select Funds Defy Trend
Despite the widespread outflows, four Bitcoin ETFs managed to maintain positive momentum. The Fidelity Wise Origin Bitcoin Fund (FBTC) led these gains with $93.12 million in inflows. Other funds, including Bitwise (BITB), Invesco Galaxy (BTCO), and Morgan Stanley (MSBT), also recorded minor positive results, contrasting with the overall market's heavy liquidations.
6Altcoin ETF Market Performance
The broader altcoin ETF landscape largely mirrored the negative sentiment seen in major assets. HBAR-based ETFs were the sole exception, attracting $3.01 million in capital. Meanwhile, funds tracking Solana (SOL), Hyperliquid (HYPE), and Zcash (ZEC) faced notable outflows, while assets like TRON and Dogecoin saw no movement in capital during the week.
7Global Market Divergence Observed
While US markets faced significant outflows, the Hong Kong market showed different dynamics during the same period. Spot Bitcoin ETFs in Hong Kong attracted 46.38 BTC, while Ethereum funds added 269.43 ETH. Additionally, SOL-based ETFs in that region saw an inflow of 509.57 SOL, indicating regional differences in institutional investment strategies.
8Contextualizing Institutional Crypto Shifts
This $1.28 billion outflow follows a period of historical volatility for crypto-linked financial products. The data reflects the sensitivity of institutional investors to short-term market fluctuations. Analysts continue to monitor these flows as primary indicators of institutional confidence, especially following the record-breaking monthly losses reported by Ethereum funds in October.
Original article: INCRYPTED — US Spot Bitcoin and Ethereum ETFs Face Massive Weekly Outflows