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U.S. spot bitcoin ETFs shed $1.07 billion in net outflows during the week ending Nov. 14, marking the second consecutive week in which the funds saw more than $1 billion in redemptions. The total outflow for the 12 U.S. spot bitcoin funds reached $1.91 billion over seven straight trading days from Nov. 5 to Nov. 11, the longest such streak since a 10-day run in late June.
As of 15:50 UTC, Bitcoin traded at $64,659, -1.7% over 24 hours, with $51.4 billion in 24-hour volume.
Bitcoin funds recorded outflows on all five trading days last week. Monday saw $201.1 million in redemptions, followed by $95 million on Tuesday, $299.9 million on Wednesday, and $284 million on Thursday. Friday data showed $185.5 million in outflows. Combined with the previous week’s $1.28 billion in outflows, bitcoin ETFs lost $2.35 billion over the two-week period, the largest two-week total since the fortnight ending June 5.
Major Funds Lead the Outflows
BlackRock’s IBIT accounted for $143.5 million of Friday’s outflows, representing approximately 77% of the total for that day. Fidelity’s FBTC lost $41.9 million on Friday, while the other 10 bitcoin funds reported no flows. IBIT’s current bitcoin holdings are valued at $53.99 billion, with cumulative inflows since launch totaling $64.19 billion. The bitcoin ETFs have now posted $2.35 billion in outflows over nine trading days in November, contributing to a 2026 year-to-date deficit of $1.98 billion.
The outflows coincided with a sharp drop in bitcoin prices. The asset fell below $69,000 early Friday, its lowest level since Aug. 20, before sliding further to around $65,650 on Saturday morning. The price decline occurred as traders weighed Jensen Huang’s resignation as Nvidia CEO and expectations of another Federal Reserve rate hike.
Broad Crypto Fund Weakness
Spot ether ETFs lost $398.9 million last week, marking their seventh consecutive negative week. The seven-week ether outflow streak has pulled about $2.42 billion from the funds since late September. Ether ETF net assets fell 15.5% over the week to $10.85 billion, their lowest since Aug. 18. Cumulative net inflows for ether ETFs stand at $11.52 billion, with a 2026 year-to-date deficit of $804.5 million.
Friday brought a $2.4 million inflow to ether funds, ending a six-trading-day outflow streak. Fidelity’s FETH drew $11.6 million on Friday, offsetting a $9.3 million outflow from Grayscale’s Ethereum Mini Trust. Earlier in the week, ether funds saw outflows of $184.5 million on Monday, $144.8 million on Wednesday, and $70.6 million on Thursday.
Spot Solana ETFs lost $32.1 million last week, extending their weekly outflow streak to six, the longest since launch in October 2025. Fidelity’s FSOL accounted for all of Friday’s $3.1 million Solana outflow. Solana ETF net assets stand at $1.14 billion, with a 2026 year-to-date positive balance of $644.1 million.
Other crypto ETFs also saw redemptions. Grayscale’s Zcash fund (ZCSH) lost $30.7 million, its second straight negative week, with net assets falling 32% over the week to $523.7 million. Spot XRP ETFs shed $19.1 million, their largest weekly outflow since mid-March. The three U.S. Hyperliquid ETFs lost $4.3 million, extending their weekly outflow streak to six, the longest since they began trading in May. Smaller funds tracking NEAR, Chainlink, Hedera, and Polkadot lost between $99,000 and $1.4 million each. The BNB, Dogecoin, Tron, and Litecoin funds reported no flows for the week.
Of the 15 groups of U.S. spot crypto funds tracked by SoSoValue, 10 posted net outflows, four reported no flows, and only Avalanche funds saw an inflow. Avalanche funds took in $227,000 on Thursday, the only weekly inflow among the 15 categories. Total U.S. spot crypto ETF outflows for the week reached $1.55 billion.
