TL;DR
U.S. spot Bitcoin ETFs recorded $95 million in net outflows on November 10, extending their losing streak to four consecutive trading sessions.
The latest withdrawal pushed 2026 cumulative net outflows above $1.1 billion, reversing a positive year-to-date position held only weeks earlier.
BlackRock’s IBIT drove much of the pressure, while November outflows reached about $1.58 billion across six negative sessions out of seven trading days through the latest reported session.
U.S. spot Bitcoin ETFs posted $95 million in net outflows on November 10, extending their negative streak to four consecutive trading sessions. According to SoSoValue data , total net assets across the products stood at $92.82 billion after the latest session. The four-day run pushed 2026 cumulative net outflows above $1.1 billion, reversing a positive year-to-date position held only weeks earlier. The shift adds another pressure point for Bitcoin as regulated investment products continue to experience withdrawals.
Bitcoin ETF Outflows Reverse the 2026 Flow Picture
The reversal has been rapid. On October 20, the funds still showed roughly $1.43 billion in net inflows for 2026, but by November 9 they had moved to approximately $1.03 billion in net outflows. Adding the November 10 withdrawal pushed the annual deficit beyond $1.1 billion. November has produced net outflows on six of seven trading days, totaling about $1.58 billion. The deterioration follows a previous $1.28 billion weekly outflow that had already erased much of the year’s earlier institutional demand.
BlackRock’s iShares Bitcoin Trust has accounted for a large share of the weakness. IBIT recorded seven consecutive sessions of net outflows through November 9, losing about $1.66 billion during that stretch. On November 9 alone, $213.2 million left IBIT while the broader ETF group lost $201.1 million, partly offset by a $22.1 million inflow into Morgan Stanley’s MSBT. The concentration of withdrawals in IBIT shows that the negative headline flow does not mean every Bitcoin ETF is experiencing identical investor behavior. Similar divergence appeared during the recent broad crypto ETF selloff .
The November 10 session was less severe than the largest withdrawals earlier in the month, with $95 million leaving the funds compared with $430.2 million on November 5. Fidelity’s FBTC had also provided the month’s only positive session on November 4, attracting $236.7 million. The latest data therefore show persistent net redemptions, but also a slowing daily outflow compared with the heaviest selling sessions. The funds remain far below the pace of prior years, with 2024 and 2025 showing substantially stronger cumulative inflows by this point. The current run extends the recent pattern of repeated Bitcoin ETF withdrawals without establishing how long investor demand will remain negative. For investors, the next sessions will show whether redemptions continue to deepen the annual deficit or whether fresh allocations interrupt the four-day negative streak again.
