Bitcoin ETFs Shed $1.28 Billion in Worst Week Since June
Four of five sessions were red. BlackRock's IBIT alone lost about $1.21 billion; Fidelity's FBTC finished the week about $93 million ahead.
U.S. spot bitcoin ETFs lost $1.28 billion from Nov. 2 through Nov. 6, their heaviest week of outflows since the week ended June 26, according to Farside Investors and SoSoValue data reported Saturday.
That is more than six times the $202.4 million that left the prior week. Ether ETFs lost another $365.3 million, extending a six-week outflow streak, SoSoValue shows.
A spot bitcoin ETF holds bitcoin and issues shares that trade on a stock exchange. When more shares are redeemed than created, the fund sells bitcoin and the day prints as a net outflow. Those daily prints are a public read on whether U.S. fund buyers are adding or cutting exposure.
IBIT led the exits; FBTC finished green
Farside's daily totals add to about $1.28 billion for the week: $398.6 million out Monday, $115.6 million Tuesday, $74.6 million in Wednesday, then $430.2 million and $411.9 million out Thursday and Friday. BlackRock's iShares Bitcoin Trust (IBIT) accounted for roughly $1.21 billion of the week's bitcoin-fund losses, including $403 million on Friday alone. Fidelity's FBTC took in about $93.1 million for the week, including a $236.7 million Wednesday inflow that partly offset later redemptions. Same product class, opposite week: IBIT bled, FBTC finished ahead.
SoSoValue puts Solana ETF outflows near $26.3 million and Hyperliquid products near $15.6 million for the same five sessions. Bitcoin traded near $75,690 at about noon ET Saturday, down 0.3% over 24 hours, per CoinGecko.
The prior worse week ended June 26, when the bitcoin funds shed about $1.79 billion. This week's total ranks among the largest weekly draws since the products launched in January 2024.
In our opinion: the number worth chasing next is Monday's print after the U.S. close. A second straight heavy week would deepen the November hole; a quieter day would show whether Thursday and Friday were the bulk of the exit. Inside the $1.28 billion, Fidelity finished about $93 million ahead while IBIT alone accounted for roughly $1.21 billion of the loss.
Sources: Farside Investors · The Crypto Times · CoinGecko
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