Bitcoin ETFs Post Record $1.28 Billion Weekly Outflow as Ethereum Losing Streak Hits Six Weeks

Bitcoin ETF outflows reached a record $1.28 billion in a single week, and the scale of the selling has put the whole crypto market on notice. Investors pulled $1.65 billion from United States Bitcoin and Ethereum exchange-traded funds between November 2 and November 6, 2026, the largest weekly outflow on record for the two groups combined. The figures, from data provider SoSoValue as of 3:00 PM UTC on November 7, describe a week in which the largest and most closely watched pools of crypto capital headed for the exit at the same time.

The numbers are striking not just for their size but for their breadth. Bitcoin funds accounted for the bulk of the damage, while Ethereum funds extended a losing streak that has now run for six consecutive weeks. Both trends point in the same direction: after a bruising period for prices, the institutional and advised investors who use ETFs are reducing exposure rather than buying the dip. For a market that has leaned heavily on ETF inflows as a source of support, that change of direction matters a great deal.

A Record Week of Redemptions

The headline figure is the $1.28 billion that left United States Bitcoin ETFs in the week of November 2 to 6, 2026. That is the largest weekly outflow from Bitcoin ETFs since the week ending June 26, and it sets a new marker for how quickly sentiment among ETF holders can turn. Added to the $365.28 million that left Ethereum ETFs in the same week, the combined total reached $1.65 billion, a record for the two groups together.

Records like this one are worth putting in context. Weekly ETF flows are normally measured in the hundreds of millions of dollars, and a billion-dollar week in either direction is unusual. A week in which both Bitcoin and Ethereum funds lose money at the same time, and in record size, is rarer still. It suggests that the selling was not driven by a problem with one fund or one coin, but by a broad decision across many investors to reduce crypto exposure at the same time.

BlackRock’s IBIT and the Scale of the Selling

Within the Bitcoin numbers, one fund dominates the story. BlackRock’s IBIT lost $1.21 billion in the week, accounting for the overwhelming majority of the $1.28 billion that left Bitcoin ETFs as a group. IBIT is the largest spot Bitcoin ETF, so it is natural for it to see the largest flows in either direction, but the concentration is still remarkable. When a single fund accounts for almost all of a record outflow, the story is as much about that fund’s holders as it is about the market as a whole.

The daily figures inside the week were just as dramatic. IBIT recorded its largest daily withdrawals of $405 million and $403 million, two days of selling that would each have counted as a heavy day on their own. Back-to-back outflows of that size suggest sustained selling rather than a single day of panic. Investors were not reacting to one headline and then stopping; they were selling across multiple sessions, which points to a deliberate decision to reduce exposure.

That pattern is important because IBIT’s holders include a large number of advisers and institutions who allocate to Bitcoin as part of a broader portfolio. When those holders sell, they are often responding to the same forces that move stocks and bonds: changing rate expectations, political uncertainty, and a general desire to lower risk. Their selling is slower and more considered than the leveraged trading on crypto exchanges, but it is also harder to reverse quickly, because it reflects decisions made in investment committees rather than in the heat of a trading session.

Ethereum’s Six-Week Losing Streak

If the Bitcoin figures were dramatic, the Ethereum figures were grim in a different way: not a single-week shock, but a slow and steady bleed. Ethereum ETFs recorded $365.28 million of withdrawals in the week, extending their losing streak to six consecutive weeks. Six weeks of uninterrupted outflows is a long time for any fund group, and it shows that the selling in Ethereum has been persistent rather than episodic.

BlackRock’s ETHA was again the centre of the story, losing $345.9 million in the week. As with IBIT, the BlackRock fund accounted for nearly all of its category’s total, which means the same group of large holders is driving the selling in both coins. The parallel is hard to ignore: the investors who are leaving Bitcoin are also leaving Ethereum, and they are doing so through the same funds and, most likely, for the same reasons.

What an ETF Outflow Actually Means

For readers who do not follow fund flows closely, it is worth explaining what a number like $1.28 billion actually represents. A spot Bitcoin ETF holds real Bitcoin on behalf of its investors. When investors buy shares in the fund, the fund buys Bitcoin. When investors sell their shares back, the fund must sell Bitcoin to pay them. An outflow of $1.28 billion therefore means, in practical terms, that funds sold roughly that value of Bitcoin into the market during the week.

That mechanism is what makes ETF flows so important to prices. Unlike a trader selling a futures contract, which is a bet on the price, an ETF redemption creates a real sale of real Bitcoin. The selling lands directly on the market, and it must be absorbed by other buyers. When outflows are large, the buyers who have to absorb them demand lower prices, and that is one reason why heavy outflow weeks tend to coincide with falling prices.

The Midterm Election Backdrop

The withdrawals came amid market uncertainty following the United States midterm elections, and that context helps explain why the selling arrived when it did. Elections create uncertainty about the direction of policy, and uncertainty is something that large investors dislike. Until the results are clear and the implications for regulation, taxes, and spending are understood, many investors prefer to hold less risk and more cash.

Politics matters to crypto in a direct way, because the rules that govern digital assets are written in Washington. Changes in the balance of power can change which bills advance, which regulators take the lead, and how quickly new rules arrive. In a week when control of the legislature was in flux, it is no surprise that some investors chose to wait on the sidelines until the picture became clearer.

Wednesday’s Round Trip Above $80,000

Wednesday deserves a closer look, because it shows how quickly sentiment can swing in this market. Bitcoin briefly climbed above $80,000 after the election results, a level that had looked out of reach only days earlier. For a few hours, it seemed as if the election had cleared the air and that buyers were ready to return. Then the broader market declined, Bitcoin dropped below $77,000, and the rally was over almost as soon as it had begun.

That kind of failed rally is damaging in its own right. Traders who bought the move above $80,000 found themselves underwater within hours, and their losses added to the selling pressure in the days that followed. Failed breakouts also discourage the next set of buyers, who remember how the last attempt ended and decide to wait for stronger evidence before committing money. In that sense, Wednesday’s round trip may have done more lasting damage than a straightforward fall would have done.

What Comes Next for ETF Flows

What can be watched is the daily flow data in the coming sessions. A quick return to inflows, even modest ones, would suggest that the selling was a reaction to a specific set of events and that buyers are ready to return. Continued outflows, especially at anything like the pace of the past week, would suggest something more durable: a broad decision by ETF holders to reduce exposure that will take time to run its course. The first few days of the new week will be informative either way.

For now, the honest summary is that Bitcoin ETF outflows have set a record that the market cannot ignore, and Ethereum’s six-week losing streak shows that the pressure is not confined to one coin. The $1.65 billion that left the two groups combined in a single week is a reminder of how quickly sentiment can change among the largest holders. Whether it becomes a footnote or a turning point depends on what those holders do next, and the market will be watching every session for the answer.

FAQ

How much left Bitcoin and Ethereum ETFs in the week? Investors pulled $1.65 billion from United States Bitcoin and Ethereum ETFs between November 2 and 6, 2026, a record weekly outflow for the two groups combined.

How large were the Bitcoin ETF outflows? Bitcoin ETFs lost $1.28 billion in the week, the largest weekly outflow since the week ending June 26, with BlackRock’s IBIT accounting for $1.21 billion of that total.

What happened with Ethereum ETFs? Ethereum ETFs recorded $365.28 million of withdrawals, extending their losing streak to six consecutive weeks, with BlackRock’s ETHA losing $345.9 million.

Why did the outflows happen? The withdrawals came amid market uncertainty following the United States midterm elections, and followed a week in which Bitcoin fell sharply after briefly climbing above $80,000 on Wednesday.

What should investors watch next? The daily flow data in the coming sessions will show whether the selling was a short-lived reaction or the start of a longer reduction in exposure by ETF holders.

Source: CryptoTimes

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