Bitcoin ETFs Face $1B Outflows as Red Streak Hits 4 Days

U.S. Spot BitcoinBTC+0.35% ETFs Extend Outflow Streak

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced another tough session on November 10, 2026. The funds lost a net $95 million in a single day, extending their losing streak to four consecutive trading days.

Data from Sosovalue shows that total net assets across these Bitcoin funds now stand at $92.82 billion. Meanwhile, U.S. spot EtherETH-0.96% ETFs also saw their fourth straight day of losses, though their net outflow was a much smaller $1.3 million.

A $25.7 Billion Shift From Previous Years

The rapid turnaround in ETF flows has been dramatic. Just three weeks ago on October 20, the funds were up by $1.43 billion for the year. By November 9, that cushion had completely erased, turning into a net outflow of $1.03 billion.

Adding the $95 million loss from November 10 pushes 2026 cumulative net outflows past $1.1 billion. If this trend continues through December, 2026 will mark the very first full calendar year of net negative flows since spot Bitcoin ETFs debuted in January 2024.

To put this in perspective, spot Bitcoin ETFs brought in $25.8 billion in 2024 and $24.7 billion by this point in 2025. Compared to last year's pace, the market has seen a massive $25.7 billion swing downward.

It is worth keeping in mind that past performance of digital assets or financial products is not an indication of future results.

BlackRock's IBIT Leads the Outflows

BlackRock's iShares Bitcoin Trust (IBIT) has driven a large portion of the recent selling. The fund recorded seven consecutive days of negative flows starting October 30, losing a total of $1.66 billion during that span.

On Monday, November 9, IBIT lost $213.2 million while the total ETF group shed $201.1 million. Bucking the trend that day, Morgan Stanley's MSBT recorded a positive inflow of $22.1 million, according to daily data from TFTC.

Overall, November has been challenging for the ETF market. Funds have posted net outflows on six out of seven trading days this month, totaling around $1.58 billion in net withdrawals. The heaviest single day of selling came on November 5, with $430.2 million leaving the funds.

The only positive day this month occurred on November 4, when Fidelity's FBTC gathered $236.7 million in net deposits. Outside of BlackRock's IBIT, all other U.S. spot Bitcoin ETFs combined have seen $3.8 billion in net outflows so far in 2026.

Macro Factors Put Pressure on Crypto Prices

This wave of withdrawals coincides with changing expectations around Federal Reserve monetary policy. The U.S. Consumer Price Index (CPI) for October showed inflation rising 0.4% month-over-month, slightly above the forecasted 0.3%.

Following the inflation report, Bitcoin dropped toward $72,787. Adding to market concern, Goldman Sachs updated its economic outlook on November 11. According to reports from Whale Insider, the bank now forecasts two 25-basis-point rate hikes coming in December and March 2027.

Higher interest rates generally increase yields on traditional assets, making non-yielding assets like Bitcoin less appealing to institutional investors in the short term. Bitcoin is currently trading near $73,700, down roughly 1.5% over 24 hours.

Please note that digital asset markets are subject to significant price volatility and macroeconomic shifts, and short-term price movements should be monitored carefully.

Analyst Perspectives: Is a Bottom Forming?

Despite the persistent heavy selling, some market observers view the market pullback as a potential contrarian signal.

Charles Edwards, founder of Capriole Investments, noted that corporate Bitcoin treasuries appear to be in a capitulation phase. The ratio of cumulative corporate buys to sells recently dropped below 90%, a rare event that has occurred only three times previously.

Separately, market analyst Joe Consorti pointed out that Bitcoin already endured a 53% drop from its all-time high. He noted that if Bitcoin holds its 200-day moving average, the current pullback could be categorized as a mid-cycle correction rather than a broader structural breakdown.

From a conditional perspective, if macroeconomic pressures ease and institutional demand stabilizes, Bitcoin could find technical support near current key moving averages. Conversely, if high interest rates persist or economic growth slows unexpectedly, digital asset prices could experience further downside risks or extended periods of sideways trading.

XRPXRP-1.00% Spot ETFs See Quiet Week

In related market developments, U.S. spot XRP ETFs concluded a full trading week without recording a single day of net inflows. The XRP products logged a minor net outflow of $529,500 over the period.