Bitcoin ETF outflows pushed US spot funds to a net loss of $502 million for 2026 through November 5, wiping out earlier inflows. The reversal followed four days of withdrawals, including $430.2 million in net outflows on November 5, according to SoSoValue data cited by BeInCrypto and CoinDesk.
That figure measures net flows, not the total value of Bitcoin held by the funds. Assets stood at $96.65 billion, down from $113.29 billion at the end of 2025, BeInCrypto reported.
- US spot Bitcoin ETFs received $25.6 billion and paid out $26.1 billion through November 5, leaving net flows at minus $502 million.
- The funds lost $869.8 million from November 2 through November 5, according to CoinDesk’s account of SoSoValue data.
- ETF share trading reached $3.89 billion on November 5, despite the net withdrawal.
- US spot Ethereum ETFs recorded roughly $310 million in net outflows during 2026.
- Friday’s Bitcoin ETF flow data had not been published when BeInCrypto reported the figures on November 6.
Bitcoin ETF outflows: timeline of the 2026 reversal
- January 2024: US spot Bitcoin ETFs launched, according to BeInCrypto.
- Mid-July 2026: Year-to-date net flows were about $5.8 billion below zero, The Block reported.
- Week ending September 25: A $2.4 billion weekly inflow lifted year-to-date flows to positive $934.1 million, The Block said.
- November 2-5: The funds lost $869.8 million net as technology stocks and crypto markets came under pressure, according to CoinDesk.
- November 6: BeInCrypto reported that flows were $502 million below zero through the previous day. Friday’s figures could still change the total.
Background: what the ETF flow figures measure
Spot Bitcoin funds hold Bitcoin, and creations and redemptions can change those holdings. Net flows track cash entering or leaving over a period. They are distinct from trading volume and do not by themselves establish why investors buy or sell.
SoSoValue data cited by BeInCrypto showed the funds drew about $35.2 billion in 2024 and $21.4 billion in 2025. This year’s cumulative flows turned positive in late September, The Block reported, before November’s withdrawals pushed the balance negative. That shift shows how quickly spot Bitcoin ETF flows can change, not that the latest direction will last.
The reported asset totals and net-flow figures measure different things. The asset balance fell from $113.29 billion to $96.65 billion between the end of 2025 and the report’s November 6 publication, while net flows through November 5 were minus $502 million. The available figures do not attribute the full change in assets to redemptions.
Reactions: withdrawals coincided with a wider market decline
CoinDesk reported that November 5 withdrawals coincided with a 5.5% fall in the Nasdaq and a 4.3% drop in the S&P 500. Analysts at FalconX and GSR linked some market pressure to concern that Democratic gains in the midterms could slow AI data-center construction. That is an explanation offered by those analysts, not a confirmed cause of ETF redemptions.
CoinDesk also reported $1.26 billion in crypto liquidations over 24 hours, including $1.12 billion in long positions. These figures provide additional market context, but they do not prove ETF selling caused Bitcoin’s price decline.
Bitcoin traded at $75,843 at 20:13 UTC on November 6, down 0.22% over 24 hours and 9.13% over 30 days, according to the supplied CoinGecko market data. Alternative.me’s Crypto Fear & Greed Index was 28, classified as Fear, on November 6. Neither measure explains why a particular fund investor redeemed shares.
Not all funds saw withdrawals. BeInCrypto reported that Morgan Stanley’s MSBT had attracted $783 million in net inflows, while Citi Wealth pitched Bitcoin ETFs to clients that week. These reports describe activity alongside aggregate outflows, but do not explain the overall net-flow figure.
Ethereum funds also recorded net outflows. BeInCrypto reported about $310 million in year-to-date net outflows, with assets falling from $17.95 billion to $13.04 billion. October withdrawals totaled $1.61 billion, and Glassnode counted 23 straight trading days of Ethereum ETF outflows as of October 31.
Outlook: the remaining flows will decide the annual tally
To bring Bitcoin ETF flows back above zero before year-end, the funds would need more than $502 million in net inflows over the final eight weeks, according to BeInCrypto’s calculation. Otherwise, 2026 would be the first calendar year of net outflows since US spot funds launched in January 2024.
Daily flow reports after November 5, including Friday’s figures, will update the year-to-date tally. It will also be useful to see whether withdrawals continue across funds or are concentrated in a few products, and how flows move alongside Bitcoin and technology stocks. MSBT’s reported inflows show that an individual fund can have a different flow pattern from the overall total.
ETF flows describe buying and redemption activity, but do not establish future demand or price direction. The supplied market data showed Bitcoin down 9.13% over the 30 days to November 6. A few days of inflows or outflows do not determine what happens next.
FAQ about Bitcoin ETF outflows
What do Bitcoin ETF outflows mean?
They mean more money left the funds than entered them over the measured period. They do not show why investors sold or predict Bitcoin’s next price move.
How much did Bitcoin ETFs lose in 2026?
Through November 5, US spot Bitcoin ETFs had $502 million in net outflows for 2026, based on SoSoValue data reported by BeInCrypto. Later daily data could change the figure.
Can Bitcoin ETF outflows affect Bitcoin’s price?
When investors cash out of spot Bitcoin ETFs, the funds sell Bitcoin, according to BeInCrypto. The evidence here does not establish how much those transactions moved the market price or determine its future direction.
Sources
- $26 Billion Bitcoin ETFs Selloff Wipes Out Every 2026 Inflow (BeInCrypto)
- $26 Billion Bitcoin ETFs Selloff Wipes Out Every 2026 Inflow (www.criptor.net)
- Bitcoin recovers $76,000 level as ETFs shed $430 million after tech rout (www.coindesk.com)
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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