Bitcoin ETFs Lose $1.28 Billion in Their Worst Week Since June, Erasing the Funds' Gains for 2026
BlackRock's IBIT accounted for 88 percent of Friday's exits, ether funds lost $365 million for a sixth week, and bitcoin sat near $75,900 at the weekend with the 200-day line close below.
Saturday, November 7, 2026/2 min read
For most of this year the spot bitcoin funds were the buyers of last resort. By Friday evening they had become sellers. US spot bitcoin ETFs recorded $1.28 billion of net outflows in the week to 6 November, the worst week since late June and the seventh-largest since the products launched in January 2024, The Block reported, using SoSoValue data. It was the second negative week in a row.
The damage went beyond the weekly sum. The funds began the week with about $368 million of net inflows for 2026 and ended it with net outflows of $914.1 million, which wipes out the whole year's gains. Bitcoin itself fell 5.6 percent on Thursday alone, a move The Block tied to weakness across markets after the midterms.
How much did each day of the week lose?
Monday saw $398.6 million leave, Tuesday $115.6 million, Thursday $430.2 million and Friday $411.9 million. Only Wednesday offered relief, with $74.6 million coming in. The Thursday and Friday figures landed as bitcoin was sliding with the Nasdaq, which we covered in our report on bitcoin clinging to $75,000.
BlackRock's IBIT led the selling on Friday with about $403 million out, roughly 88 percent of the day's gross withdrawals. Fidelity's FBTC, which had led Thursday's exits at $199.9 million, took in $42.8 million on Friday. Bitwise's BITB and Ark's ARKB each lost about $20 million, and Grayscale's GBTC $11.1 million. Total bitcoin held by the twelve funds fell 2.3 percent to $95.9 billion, about 6.3 percent of bitcoin's market value, a decline that mixes withdrawals with lower prices.
Are ether and other crypto ETFs also bleeding?
Yes. Spot ether funds lost $365.3 million, their sixth straight weekly outflow, and about $2.02 billion has left them since late September, The Block said. Solana funds lost $26.3 million in a fifth consecutive week, and the three Hyperliquid funds $15.6 million.
Where is the bitcoin price after the jobs report?
Roughly where it was before it. Bitcoin Magazine described the price holding near $75,800 after a strong October jobs report, with a brief spike above $76,100 that faded toward $75,600, and CME FedWatch putting the chance of a December rate rise at about 79 percent. By Saturday morning The Block's price pages showed bitcoin near $75,880, down about 6 percent in two days.
Coin Alert News listed the levels traders are watching: support at about $74,888, then the 200-day average near $73,239, and resistance near $76,950 and $80,000. It also counted $468 million of liquidations over 24 hours, mostly longs. The ETF figures measure fund activity, not the whole market, but they tell you who has stopped buying. Whether the funds return as buyers before the next US inflation report is the question the weekend cannot answer.
Published in The Outspoken Digest
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