In this article4 sections
U.S. spot bitcoin exchange-traded funds recorded $95 million in net outflows on Nov. 10, their fourth consecutive day of withdrawals, Bitcoin.com News reported. The latest redemptions carry the funds past $1.1 billion in net outflows for 2026, a turn that has erased the roughly $1.43 billion the products held in net inflows as recently as three weeks earlier.
The scale of the reversal is set by the comparison with last year. By this point in 2025 the same funds had pulled in $24.7 billion, and $25.8 billion in 2024, a swing of about $25.7 billion from last year’s pace, per Bitcoin.com News. If redemptions continue through December, 2026 would be the first calendar year of net outflows since U.S. spot bitcoin ETFs debuted in January.
Also read: Bitcoin ETFs Shed $89.90M as Blackrock's IBIT Keeps Buying
Key facts
- U.S. spot bitcoin ETFs lost $95 million on Nov. 10, their fourth straight day of net outflows, with total net assets at $92.82 billion, according to Sosovalue data cited by Bitcoin.com News.
- BlackRock’s iShares Bitcoin Trust (IBIT) has shed $1.66 billion over seven consecutive outflow sessions since Oct. 30, including $213.2 million on Nov. 9, while Morgan Stanley’s MSBT took in $22.1 million that day.
- Bitcoin ETFs have posted net outflows on six of seven trading days in November, totaling about $1.58 billion, with the worst day Nov. 5 at $430.2 million and the only inflow day Nov. 4, when Fidelity’s FBTC added $236.7 million.
- U.S. spot ether ETFs also logged a fourth straight day of outflows on Nov. 10, though only $1.3 million left the funds.
- October CPI rose 0.4% month over month against a 0.3% forecast, and Goldman Sachs now projects 25-basis-point rate hikes in December and March 2027, Whale Insider reported on Nov. 11.
BlackRock funds drive the selling
IBIT has accounted for the bulk of the withdrawals. Outside of IBIT, U.S. spot bitcoin ETFs have seen $3.8 billion in net outflows this year, Bitcoin.com News reported. Ether products felt heavier selling on Monday, with Blockonomi reporting that U.S. spot ether ETFs lost about $184.6 million, their largest daily outflow since Oct. 6, and that BlackRock’s Ethereum fund alone lost $119.3 million.
Blockonomi also reported that total bitcoin ETF outflows reached about $1.48 billion for November through Nov. 9, citing Coinglass, and that the Crypto Fear & Greed Index rose to 32 on Monday from 29 the day before, still inside the “Fear” range. Trader Kevin Boeve of Palladium Network, speaking to Cointelegraph, pointed to a gap between rising stocks and falling crypto and said the Coinbase news barely moved prices, per Blockonomi.
Bitcoinist, reporting on the prior week, put net outflows at $1.28 billion, the largest weekly total since late June, with IBIT contributing about $1.21 billion and Fidelity’s FBTC adding roughly $93 million. The reports part ways on the year-to-date figure: Bitcoinist said outflows stood at approximately $919 million, while Bitcoin.com News and Blockonomi put 2026 net withdrawals at about $1.1 billion, differences that reflect the reporting dates.
Why it matters
The redemptions tie ETF demand directly to the rate outlook. Bitcoin pays no yield, so a Federal Reserve expected to raise borrowing costs rather than cut them draws money away from funds that track it. That matters for the institutional allocators who drove the 2024 and 2025 inflows, and for the price discovery those flows feed into. The 2026 reversal removes a demand source that was present in both prior years, turning the ETFs from a buyer of last resort into a net seller of bitcoin.
Not everyone reads the washout as a warning. Capriole Investments’ Charles Edwards said bitcoin treasury companies are in capitulation mode, with the ratio of cumulative buys to sells falling below 90% for only the fourth time, while analyst Joe Consorti argued in a post that bitcoin had already been through its bear market after a 53% drawdown from its peak, per Bitcoin.com News.
What to watch
The October CPI release due Tuesday is the next input, with markets pricing about an 85% chance of another quarter-point rate increase, according to Blockonomi. The Federal Reserve’s December meeting follows, and daily flow data from Sosovalue, Farside Investors and Coinglass will show whether the selling stretches into a fifth session or a third straight week. A sustained break below the $74,400–$75,000 support band flagged by Bitcoinist would sharpen the picture.
None of the above is financial advice, and crypto markets are volatile and hard to predict; treat outflow data and analyst views as information, not a recommendation.
Reported by Bitcoin.com News.
Sources: Bitcoin.com News, Blockonomi, Bitcoinist