U.S. spot bitcoin ETFs moved back into negative territory for 2026 after a reported $1.28 billion in weekly net outflows, according to The Block’s analysis of SoSoValue data. It was their second consecutive negative week and their largest weekly withdrawal since late June.
The report, published on November 7, 2026, at 16:45 UTC—November 8 at 00:45 UTC+8—also documented extended withdrawal streaks across ether, Solana and Hyperliquid ETFs. These figures measure flows through investment products, not changes in blockchain users or evidence of user retention.
Bitcoin funds lose their year-to-date cushion
Bitcoin ETFs entered the reported week with approximately $368 million in net inflows for 2026, having returned to positive territory in late September. Monday’s withdrawals pushed that balance below zero. By Friday, the funds had accumulated about $914.1 million in year-to-date net outflows.
The Block ranked the week as the seventh-largest weekly outflow since the products launched in January 2024. The most recent larger withdrawal occurred in the week ended June 26, when investors pulled $1.79 billion—a result The Block described at the time as the second-worst week on record.
The reported daily flows were:
| Trading day | Net flow |
|---|---|
| Monday | −$398.6 million |
| Tuesday | −$115.6 million |
| Wednesday | +$74.6 million |
| Thursday | −$430.2 million |
| Friday | −$411.9 million |
The preceding week had recorded $202.6 million in net outflows, including a $643.3 million Friday withdrawal. The Block described that Friday exit as the largest in four months and reported that it followed a record Binance hack.
BlackRock’s IBIT accounted for $403 million of the latest Friday’s withdrawals, or approximately 88% of gross outflows. That share refers to money leaving funds before offsetting inflows, rather than the day’s net withdrawal. Bitwise’s BITB and Ark & 21Shares’ ARKB each lost about $20 million, while Grayscale’s GBTC lost $11.1 million.
Fidelity’s FBTC took in $42.8 million on Friday, after leading Thursday’s withdrawals with $199.9 million in outflows.
The value of bitcoin held across the 12 funds fell 2.3% over the week to $95.9 billion, equivalent to about 6.3% of bitcoin’s market capitalization. IBIT held $60.3 billion in net assets, compared with $65.1 billion in cumulative inflows.
Ether withdrawals reach six consecutive weeks
Spot ether ETFs recorded $365.3 million in weekly net outflows, extending their negative streak to six weeks. Approximately $2.02 billion had left the products since late September.
Their only positive session was Wednesday, with $53 million in inflows. Monday’s $139.8 million withdrawal was the largest of the week, followed by $100 million on Thursday and $93.2 million on Friday.
BlackRock’s ETHA accounted for $90.8 million on Friday, about 96% of gross outflows. Ether ETFs stood at approximately $405.6 million in net outflows for 2026. Net assets declined 2.9% during the week to $12.84 billion, against $11.92 billion in cumulative net inflows.
The six-week run remained shorter than the products’ two previous eight-week withdrawal streaks, the latest of which matched that record in early July.
Solana and Hyperliquid funds set withdrawal-streak records
Spot Solana ETFs lost $26.3 million during the week, almost entirely on Friday. Their fifth consecutive negative week was the longest such stretch since their October 2025 launch, bringing withdrawals over that period to $165.4 million. The streak began in the week that ended a record 14-week inflow run.
Bitwise’s BSOL led Friday’s withdrawals with $14.4 million, followed by Grayscale’s GSOL at $5.4 million. Net assets fell from $1.40 billion to $1.31 billion over the week, although the funds retained approximately $676.2 million in net inflows for 2026.
The three publicly traded Hyperliquid ETFs lost $15.6 million, also marking a fifth consecutive negative week—their longest withdrawal streak since trading began in May. Five-week outflows totaled $58.4 million. Net assets fell about 17% over the week to $374.1 million, and Friday’s $8 million withdrawal was led by Bitwise’s BHYP.
Market backdrop and measurement limits
The withdrawals occurred amid a crypto and equities selloff following Tuesday’s U.S. midterm elections. Bitcoin fell 5.6% on Thursday. The Block reported that analysts linked the decline to a Democratic sweep of Congress and doubts about AI spending; analysts also suggested that the Democratic electoral gains in Texas could slow development in a state hosting bitcoin mining facilities and data centers. Those were attributed explanations, not established causes of the price move.
On Saturday morning, The Block’s price pages showed bitcoin near $75,880, ether around $2,244, SOL near $89.84 and HYPE around $77.79.
The clearest signal in the report is sustained net withdrawals across several crypto ETF categories. It does not establish how many investors exited, whether blockchain usage declined, or how durable the withdrawal trend would prove. Changes in net asset values also should not be treated as equivalent to net flows.
