US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows in the week preceding Nov. 9, 2026, their largest weekly withdrawals since late June, according to SoSoValue data cited by Cointelegraph.
The withdrawals pushed the funds’ year-to-date net outflows to about $919 million, following $515 million in net outflows in October. Bitcoin fell below $76,000 during the week as traders digested the fallout from Binance’s $6.3 billion hack, uncertainty following the US midterm elections and a technology-stock sell-off.
IBIT accounted for about 95% of withdrawals
BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, recorded $1.21 billion in weekly net outflows, according to Farside Investors. That amounted to about 95% of the weekly total reported by SoSoValue.
IBIT’s outflow streak reached six consecutive trading sessions through Friday, with approximately $1.44 billion withdrawn since Oct. 30.
The pressure was not uniform across funds. Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted about $93 million in net inflows over the week, despite losing nearly $200 million on Thursday.
Macro uncertainty and signs of weak sentiment
In a statement shared with Cointelegraph, Bitfire Research attributed pressure on crypto markets to shifting US interest-rate expectations, post-election uncertainty and weakness in technology stocks. It also said investors were reassessing whether Congress could pass the CLARITY Act before year-end.
Bitfire cited a Crypto Fear & Greed Index reading of 25 and a negative Coinbase Premium. The latter indicated that Bitcoin was trading at a discount on Coinbase relative to the indicator’s benchmark.
Those observations accompanied the ETF withdrawals; they do not establish that fund outflows alone caused Bitcoin’s decline.
Bitcoin was already below the support range Bitfire identified
Bitfire described the market as being in a “breakdown and bottom-seeking phase.” It highlighted upcoming US inflation data and Federal Reserve signals, warning that a sustained break below the $74,400–$75,000 support range could lead to further selling.
At the original article’s publication, Bitcoin traded at $74,049—already below the lower end of that range. CoinGecko data showed it down 5% over seven days and 2.3% over 24 hours. Bitfire’s assessment was a conditional downside warning, not confirmation that a market bottom had formed.
Original reporting published Nov. 9, 2026, at 16:17:35 (UTC+08:00). Source: Cointelegraph.
