Bitcoin Spot ETFs Log Second‑Largest Weekly Outflow of 2026 as Ether Funds Also Bleed

Crypto markets are facing renewed selling pressure from U.S. exchange‑traded funds backed by spot Bitcoin. Data compiled by several flow‑tracking services show that from November 2 to 6, U.S. spot Bitcoin ETFs saw about $1.28 billion in net redemptions, the second‑largest weekly outflow this year and the biggest since late June.

Friday, November 6, was particularly weak: spot Bitcoin ETFs collectively shed more than $400 million in a single session, with most of the major funds posting outflows. Despite that selling, Bitcoin’s spot price held relatively steady in the mid‑$75,000 range, suggesting that while money is leaving ETFs, dip‑buyers in spot and derivatives markets are helping to absorb the supply.

Ether is under pressure as well. U.S. spot Ethereum ETFs recorded roughly $365 million in net outflows over the same week, marking six straight weeks of redemptions. Given the smaller size of the Ether ETF complex, the impact on price and on the broader altcoin universe has been more pronounced, with many major tokens struggling to regain upward momentum.

Analysts generally view the move as a positioning reset after record highs in Bitcoin and heavy ETF inflows in September and October. Cumulatively, the spot funds still sit on tens of billions of dollars in net subscriptions since launch, pointing to intact long‑term demand. Even so, traders warn that the current phase is likely to remain volatile as leveraged bets are unwound and ETF flows exert a larger day‑to‑day influence on sentiment.