Bitcoin ETFs Bleed $1.28B as 2026 Flows Turn Negative

US spot Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) recorded $1.28 billion in net outflows last week, their largest weekly withdrawal since late June, pushing their cumulative 2026 flows into negative territory as investors reduced exposure to risk assets.

According to SoSoValue data, the withdrawals between November 2 and November 6 brought year-to-date net outflows to approximately $914 million. BlackRock's iShares Bitcoin Trust (IBIT) accounted for around $1.21 billion of the weekly withdrawals.

Spot Ether (CRYPTO: $ETH) ETFs also lost $365 million, marking their sixth consecutive week of outflows. Solana (CRYPTO: $SOL) ETFs recorded $26.25 million in withdrawals, while HYPE (CRYPTO: $HYPE) funds lost $15.62 million. XRP (CRYPTO: $XRP) ETFs saw comparatively modest outflows of $529,500.

Combined withdrawals across the five major crypto ETF categories reached approximately $1.69 billion, more than double the previous week's $702 million.

The outflows come “amid a combination of factors weighing on investor confidence, including the recent Binance hack, uncertainty following the US midterm elections and Democratic sweep, and a broader selloff in technology stocks,” Markus Levin, co-founder of XYO, told CryptoProwl.

On Nov. 5, the Nasdaq Composite (NASDAQ: $IXIC) fell approximately 5.5%, while the semiconductor sector dropped around 12%. “Most ETF buyers hold Bitcoin as a risk asset alongside tech, so when the Nasdaq sells off and rate expectations move higher, the flows follow quickly,” Levin added.

Stronger employment figures added to concerns about monetary policy. The US economy added 165,000 jobs in October, well above economists’ expectations of 65,000, while unemployment fell to 4.1%. The data strengthened expectations that the Federal Reserve could keep interest rates elevated or raise them further in December.

Levin said investors should keep a close eye on October’s CPI report, which is due tomorrow. He claimed that the CPI report “is important as it would influence the Fed’s December interest rate decision.”