BlackRock’s iShares Bitcoin Trust (IBIT) led the retreat with a $143.5 million withdrawal. Fidelity’s Wise Origin Bitcoin Fund (FBTC) came second with $41.9 million in outflows.
Add those two together and you get the full $185.4 million. Every other spot Bitcoin ETF reported zero net flows for the day.
The streak and the month
Across the full seven-day losing streak, Bitcoin ETFs shed roughly $1.91 billion. November 13’s $185.4 million was less than a tenth of that total, which says something about how heavy the earlier days in the run were.
Zoom out to the month and the number gets bigger. Cumulative outflows for November have exceeded $2 billion month-to-date.
All of this happened while Bitcoin itself traded in a range of $68,000 to $73,000.
On the Ethereum side, the inflow was reported at approximately $2.3 million to $2.36 million depending on the tracker.
A long history of inflows, interrupted
Spot Bitcoin ETFs launched in the US in January 2024, and since then they have attracted net inflows of about $54.8 billion to $55 billion.
That cumulative figure has held up despite repeated outflow streaks throughout 2026. The current seven-day drain of roughly $1.91 billion represents a small slice of the total capital these products have gathered, under 4% of lifetime net inflows.
What this means
The research findings describe the outflows as pointing to growing wariness among institutional investors, driven by volatility and uncertainty around Bitcoin’s price in recent weeks.
The concentration in IBIT and FBTC is the detail worth watching. When the two largest products account for 100% of a day’s outflows, it suggests the selling is coming from a specific class of holder rather than a broad-based exodus across every fund.
The research notes the modest Ethereum inflows may hint at a shift in investor sentiment toward other crypto assets. A $2.36 million inflow against a $185.4 million outflow is not a rotation so much as a footnote, and one day of data does not make a trend.
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