US Spot Bitcoin ETFs Shed $1.28 Billion in a Week, Led by BlackRock’s IBIT

Bitcoin funds were negative in four of five sessions

The weekly decline in US spot Bitcoin ETFs was spread across four losing sessions out of five. The products posted outflows of $398.62 million on November 2, $115.56 million on November 3, $430.2 million on November 5, and $411.92 million on November 6.

The only positive day in the period came on November 4, when the group recorded $74.57 million in net inflows. Even with that midweek gain, the category ended the five-session stretch down by $1.28 billion.

The heaviest single-day withdrawal for spot Bitcoin ETFs during the week was the November 5 session, when net outflows reached $430.2 million. Among individual issuers, IBIT posted the largest losses for the full period.

IBIT dominated bitcoin ETF losses

BlackRock’s iShares Bitcoin Trust saw $1.21 billion in outflows over the five trading sessions, making it the main driver of the category’s weekly decline. The source report did not attribute the broader pullback to any single market event, but it showed that redemptions were concentrated heavily in that fund.

The weekly total indicates that IBIT represented the vast majority of the $1.28 billion withdrawn from US spot Bitcoin ETFs in the period. Other fund-level figures for bitcoin products were not detailed in the source extract.

Ethereum ETFs also ended the week in the red

US spot Ethereum ETFs lost $365.28 million between November 2 and November 6. Like bitcoin funds, the ether ETF segment was negative in four of the five trading sessions.

Daily flows for Ethereum ETFs showed outflows of $139.8 million on November 2, $85.35 million on November 3, $99.97 million on November 5, and $93.19 million on November 6. The only positive session was November 4, when the group added $53.02 million.

The largest single-day withdrawal for Ethereum ETFs came at the start of the week, with $139.8 million leaving on November 2. BlackRock’s iShares Ethereum Trust, ETHA, led individual fund losses with $345.96 million in outflows, while Fidelity’s Ethereum Fund, FETH, posted $15.34 million in inflows.

HBAR was the lone gainer among altcoin ETFs

Outside bitcoin and ether, most US-listed crypto ETF categories tracked in the report also saw money leave during the week. HBAR ETFs were the exception, attracting $3.01 million in net inflows.

The source listed weekly outflows of $26.25 million for SOL ETFs, $15.62 million for HYPE ETFs, $13 million for ZEC ETFs, $4.38 million for NEAR ETFs, $1.27 million for AVAX ETFs, $1.06 million for LINK ETFs, $0.53 million for XRP ETFs, and $0.27 million each for BNB and LTC ETFs.

TRX, DOGE, and DOT ETFs ended the week with no net capital flows. In Hong Kong, the report said spot bitcoin ETFs added 46.38 BTC, Ethereum funds added 269.43 ETH, and SOL ETFs added 509.57 SOL, offering a contrast to the US weekly trend.

What the latest flow data confirms

The latest confirmed data points to a broad week of withdrawals across US crypto ETF products, with the sharpest pressure concentrated in BlackRock’s bitcoin and ethereum funds. Bitcoin ETFs saw one positive session and Ethereum ETFs also logged one inflow day, but both segments still ended the week with substantial net losses.

For now, the next confirmed step is the release of subsequent daily flow data, which will show whether the November 2 to November 6 pattern extends into the following trading week or proves temporary. Based on the figures in the source report, HBAR was the only altcoin ETF category to finish the period with net inflows.