Bitcoin ETFs lose $1.28 billion in worst week since June

U.S. spot Bitcoin exchange-traded funds recorded $1.28 billion in net withdrawals in the week ending November 6, their largest weekly outflow since late June, leaving the funds about $914.1 million down for 2026, according to SoSoValue data cited in reports.

The funds began the week with about $368 million in net inflows for the year. Withdrawals on Monday and Tuesday pushed the total below zero, and outflows continued on Thursday and Friday. Wednesday was the only positive day, with a $74.6 million net inflow. The reported daily outflows were $398.6 million on Monday, $115.6 million on Tuesday, $430.2 million on Thursday and $411.9 million on Friday.

The weekly total was the largest since the week ending June 26, when the funds lost $1.79 billion. It ranked among the ten largest weekly outflows since U.S. spot Bitcoin ETFs began trading in January 2024, according to one report. The value of Bitcoin held across the 12 funds fell 2.3% during the week to $95.9 billion.

Bitcoin was trading near $75,880 on Saturday morning, November 7, after falling about 6% over two days from November 5. On Thursday, when Bitcoin fell 5.6%, spot Bitcoin ETFs lost $430.2 million. Withdrawals across...