U.S. spot bitcoin ETFs recorded $1.28 billion in net outflows in the week covered by The Block’s Nov. 7, 2026 report, wiping out their year-to-date net inflows. Ether, Solana and Hyperliquid funds also extended multiweek withdrawal streaks.
The bitcoin total was the worst since late June and the seventh-largest weekly outflow since the products launched in January 2024, according to The Block’s analysis of SoSoValue data. It marked their second consecutive negative week.
Original publication: Nov. 7, 2026, at 16:45:02 UTC, equivalent to Nov. 8 at 00:45:02 UTC+8. Figures below reflect that historical reporting window.
Bitcoin funds move back into negative territory
Bitcoin ETFs entered the week with about $368 million in net inflows for 2026, having turned positive in late September. Monday’s withdrawals pushed the annual balance below zero. By Friday, the funds had accumulated approximately $914.1 million in year-to-date net outflows.
Wednesday was the only positive session, bringing in $74.6 million. The reported daily withdrawals were:
- Monday: $398.6 million
- Tuesday: $115.6 million
- Thursday: $430.2 million
- Friday: $411.9 million
BlackRock’s IBIT accounted for $403 million of Friday’s withdrawals, or about 88% of the day’s gross outflows. Bitwise’s BITB and Ark & 21Shares’ ARKB each lost about $20 million, while Grayscale’s GBTC shed $11.1 million.
Fidelity’s FBTC moved in the opposite direction on Friday, attracting $42.8 million 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 approximately 6.3% of bitcoin’s market capitalization. IBIT held $60.3 billion in net assets, compared with $65.1 billion in cumulative inflows.
A sharp withdrawal week, but not a record
The closest worse weekly result was the week ended June 26, when bitcoin ETFs lost $1.79 billion. The Block described that June result at the time as their second-worst week on record.
The preceding week had produced a smaller $202.6 million net outflow, despite a $643.3 million Friday withdrawal—the largest single-day exit in four months—which followed what the source described as a record Binance hack.
Those comparisons distinguish the latest week’s sustained withdrawals from the previous week’s concentrated Friday exit. They do not establish that the same forces drove each episode.
The latest outflows coincided with a crypto and equities selloff following Tuesday’s U.S. midterm elections. Bitcoin fell 5.6% on Thursday alone. The Block reported that analysts linked the decline to a Democratic sweep of Congress and doubts over AI spending. Analysts also warned that Democratic gains in Texas could slow development in a state with substantial bitcoin-mining and data-center activity. Those were attributed assessments, not proof that the election caused the ETF withdrawals.
Ether’s losing streak reaches six weeks
Spot ether ETFs recorded $365.3 million in weekly net outflows, extending their negative run to six weeks. Approximately $2.02 billion had left the funds since late September.
The streak remained shorter than their record: ether ETFs had twice posted eight consecutive negative weeks, most recently matching that record in early July.
Wednesday again provided the only positive session, 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 of Friday’s withdrawals, approximately 96% of gross losses. Ether products stood at about $405.6 million in net outflows for 2026. Their net assets fell 2.9% during the week to $12.84 billion, against $11.92 billion in cumulative net inflows.
Solana and Hyperliquid post their longest withdrawal runs
Spot Solana ETFs lost $26.3 million, nearly all on Friday. Their fifth consecutive negative week—the longest streak since their October 2025 launch—brought five-week withdrawals to $165.4 million. The streak began in the week that ended a record 14-week inflow run.
Bitwise’s BSOL led Friday’s Solana withdrawals with $14.4 million, followed by Grayscale’s GSOL with $5.4 million. Net assets declined from $1.40 billion to $1.31 billion, although the funds retained approximately $676.2 million in net inflows for 2026.
The three publicly traded Hyperliquid ETFs lost $15.6 million. Their fifth straight negative week was also their longest withdrawal streak since trading began in May. Five-week outflows totaled $58.4 million, while net assets fell about 17% over the week to $374.1 million. Bitwise’s BHYP led Friday’s $8 million withdrawal.
At the source’s Saturday-morning price snapshot, bitcoin traded near $75,880, ether around $2,244, SOL near $89.84 and HYPE around $77.79. The flow figures document broad withdrawals across these fund categories; they do not, by themselves, establish a market-cycle top or bottom.
