Original report published Nov. 9, 2026, at 16:17:35 UTC+8. Figures and market conditions below reflect that reporting period.
US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows in the preceding week, their largest weekly withdrawals since late June, according to SoSoValue data cited by Cointelegraph. The withdrawals brought year-to-date net outflows to about $919 million, following $515 million in net outflows during October.
The figures measure net flows into and out of investment funds—not changes in Bitcoin users or network activity. They also mask a substantial difference between individual funds.
BlackRock’s IBIT drove most of the withdrawals
BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, recorded $1.21 billion in weekly net outflows, according to Farside Investors. That was roughly 95% of the aggregate weekly outflow reported by SoSoValue.
Through Friday, IBIT had posted six consecutive trading sessions of net withdrawals, with approximately $1.44 billion leaving the fund since Oct. 30.
Fidelity’s Wise Origin Bitcoin Fund (FBTC), by contrast, attracted about $93 million in net inflows over the week, despite nearly $200 million in outflows on Thursday. The divergence matters: the aggregate withdrawal figure did not represent uniform movement across funds.
Price weakness and risk signals accompanied the outflows
Bitcoin fell below $76,000 during the week as traders assessed the fallout from Binance’s $6.3 billion hack, uncertainty following the US midterm elections and a sell-off in technology stocks, Cointelegraph reported.
In a statement shared with the publication, Bitfire Research said shifting US interest-rate expectations, post-election uncertainty and technology-stock weakness weighed on crypto markets. It also said investors were reassessing whether Congress could pass the CLARITY Act before year-end.
Bitfire cited a Crypto Fear & Greed Index reading of 25 and a negative Coinbase Premium, indicating that Bitcoin traded at a discount on Coinbase relative to the indicator’s benchmark. It characterized the market as being in a “breakdown and bottom-seeking phase,” with upcoming US inflation data and Federal Reserve signals among the factors to watch.
The firm warned that a sustained break below the $74,400–$75,000 support range could trigger further selling. That was a conditional risk assessment, not a certain outcome.
At the original article’s publication, Bitcoin traded at $74,049, below that range. It was down 5% over seven days and 2.3% over 24 hours, according to CoinGecko.
The reported flows show a sharp weekly retreat from US spot Bitcoin funds, concentrated in IBIT. They do not, on their own, establish a broader decline in Bitcoin adoption or whether the withdrawals would persist.
