Bitcoin ETFs turn negative for 2026 after $1.28 billion weekly outflows

Reading Time: 2 minutes

Spot Bitcoin ETFs recorded $1.28 billion in net outflows last week, their largest weekly withdrawal since late June, according to SoSoValue data. It was their second consecutive week of outflows and ranked seventh among the ten largest weekly withdrawals since their launch in January 2024.

Investors withdrew money on four of the five trading days. Monday and Thursday saw the largest outflows, at $398.6 million and $430.2 million respectively. Wednesday was the only positive day, with inflows of $74.6 million.

BlackRock’s IBIT led Friday’s withdrawals with $403 million in outflows. Bitwise’s BITB and Ark & 21Shares’ ARKB each lost around $20 million. Fidelity’s FBTC was the exception, attracting $42.8 million.

The withdrawals erased the funds’ gains for 2026. After entering the week with $368 million in net inflows, they ended Friday with approximately $914.1 million in net outflows for the year. Their combined net assets fell 2.3% to $95.9 billion, around 6.3% of Bitcoin’s market capitalisation.

The outflows came as cryptocurrencies and equities fell following Tuesday’s US midterm elections. Bitcoin dropped 5.6% on Thursday. Market concerns included the Democrats’ prospects of taking control of Congress and uncertainty over AI investment and the development of data centres and Bitcoin mining facilities in Texas.

Ether ETFs extend outflow streak to six weeks

Spot Ether ETFs lost $365.3 million last week, extending their outflow streak to six weeks. They have shed around $2.02 billion since late September.

Wednesday was their only positive session, with $53 million in inflows. BlackRock’s ETHA accounted for $90.8 million of Friday’s withdrawals, around 96% of the total.

The funds are now down approximately $405.6 million for 2026. Their combined net assets fell 2.9% to $12.84 billion.

Solana ETFs post fifth straight week of outflows

Spot Solana ETFs recorded $26.3 million in net outflows last week, almost all on Friday. It was their fifth consecutive week of withdrawals and their longest losing streak since launching in October 2025.

The funds have lost $165.4 million over the five-week period. The streak began just after they ended a record 14-week run of inflows.