Bitcoin ETFs turn negative for 2026 after a $1.28 billion outflow week
U.S. spot bitcoin ETFs bled $1.28 billion last week, their worst since June, pushing the 12 funds to roughly $914 million in net outflows for 2026 and erasing the year's gains.
The 12 U.S.-listed spot bitcoin ETFs shed about $1.28 billion in net outflows last week, their worst weekly total since late June and enough to wipe out their gains for the year, according to The Block's analysis of SoSoValue data.
It was the funds' second straight negative week and ranks #7 among their largest weekly outflows since launching in January 2024. The funds lost money every day except Wednesday: $398.6 million Monday, $115.6 million Tuesday, $430.2 million Thursday and $411.9 million Friday, offset only by a $74.6 million inflow Wednesday. The funds had entered the week roughly $368 million positive for 2026, having turned positive only in late September; Monday's outflows dragged that below zero, and they closed Friday at about $914.1 million in net outflows year to date.
BlackRock's IBIT drove Friday's exit, accounting for $403 million — about 88% of the day's gross outflows. Bitwise's BITB and Ark & 21Shares' ARKB each lost roughly $20 million and Grayscale's GBTC shed $11.1 million, while Fidelity's FBTC took in $42.8 million on Friday after leading Thursday's outflows at $199.9 million. Total bitcoin held across the 12 funds fell 2.3% to $95.9 billion, about 6.3% of bitcoin's market cap.
The selling wasn't confined to bitcoin. Spot ether ETFs lost $365.3 million, a sixth straight negative week that has drained about $2.02 billion since late September. Solana ETFs lost $26.3 million (a fifth straight week, their longest run since launching in October 2025) and the three Hyperliquid ETFs shed $15.6 million (also five weeks, their longest since May). The Block attributed the broader crypto and equities selloff to the aftermath of Tuesday's midterm elections; bitcoin fell 5.6% on Thursday alone, trading near $75,880 Saturday morning.
Key facts
- Bitcoin ETFs: ~$1.28B net outflows last week; ~$914.1M net outflows YTD for 2026 (The Block / SoSoValue).
- Ranked #7 among largest weekly outflows since Jan 2024 launch; second straight negative week (The Block).
- IBIT: $403M of Friday's outflow, ~88% of gross; FBTC +$42.8M Friday (The Block).
- Ether ETFs: -$365.3M, sixth straight negative week, -$2.02B since late September (SoSoValue).
- Solana -$26.3M (5 weeks); Hyperliquid -$15.6M (5 weeks) (SoSoValue).
- Bitcoin ~$75,880 Saturday morning (The Block price pages).
The real-world read
One caution on scope: this is a single-outlet account built on SoSoValue flow data, so the figures are only as reliable as that one feed. The headline framing — "flip negative for 2026" — is technically accurate but leans on a narrow baseline: the funds only turned positive for the year in late September, so the "reversal" erases roughly six weeks of gains, not a year's worth. The Block's link between the outflows and the midterm "Democratic sweep" is attributed analysis, not established cause; it offers the correlation (bitcoin -5.6% Thursday) without proving flows followed votes. Worth noting what's absent: no issuer comment explaining the IBIT exits, and no read on whether these are redemptions or rotations.
Not financial advice.
Sources
- The Block (Markets), 2026-11-07 — primary reporting on weekly ETF flows, per-day and per-fund figures, YTD totals and price levels; sourced to SoSoValue flow data and The Block's own price pages. Reputable secondary outlet; no marketing or sponsored content involved.