U.S. spot Bitcoin ETFs record five consecutive days of net outflows totaling $1.44 billion through November 11, 2026, driven heavily by over $1.2 billion in redemptions from BlackRock's iShares Bitcoin Trust (IBIT). The withdrawal streak coincides with a broader tech sector sell-off following a 5.5% drop in the Nasdaq Composite. While total net assets have fallen 45% from their October 2025 peak to $93.7 billion, analysts emphasize that cumulative inflows since January 2024 remain robust at $55.1 billion.
Five-day ETF outflow totals and daily breakdown
- ▪U.S. spot Bitcoin exchange-traded funds recorded $1.44 billion in net outflows across five consecutive trading days ending November 11, 2026
- ▪U.S. spot Bitcoin ETFs tracked by Farside Investors recorded daily net outflows of $430.2 million on November 5, $411.9 million on November 6, $201 million on November 9, and $95 million on November 10, 2026
Outflows from BlackRock and Grayscale funds
- ▪BlackRock's iShares Bitcoin Trust (IBIT) recorded nine consecutive sessions of net redemptions through November 11, 2026, totaling over $2 billion in outflows
- ▪Total U.S. spot Bitcoin ETF net redemptions reached $299.9 million on November 11, 2026, with BlackRock's IBIT accounting for $269.7 million of the daily total
- ▪Grayscale Bitcoin Trust (GBTC) recorded $39.1 million in net withdrawals on November 11, 2026
Analyst commentary on market sentiment and flows
- ▪BitGo head of research Greg Cipolaro noted that post-election inflows into spot Bitcoin ETFs reached only $75 million, while stablecoin supply contracted by $14.2 billion in 30 days
- ▪On-chain analyst Willy Woo stated that sentiment shifts in the Bitcoin Fear and Greed Index do not signal a bear market cycle unless prices continue establishing new lows
- ▪HashKey senior researcher Tim Sun stated that the five-day outflow streak from November 5 to November 11, 2026 represented about 2.6% of spot Bitcoin ETF cumulative net inflows, indicating risk reduction rather than an institutional retreat
Broader monthly and year-to-date ETF flow totals
- ▪Year-to-date U.S. spot Bitcoin ETF net flows tracked by SoSoValue turned negative at approximately $914 million following redemptions during the week ending November 7, 2026
- ▪U.S. spot Bitcoin ETF net outflows for November 2026 reached $1.88 billion by November 11, 2026, following $520 million in net withdrawals in October 2026
Long-Term Bitcoin ETF assets and peak metrics
- ▪Spot Bitcoin ETF net assets dropped roughly 45% from their peak of $169.5 billion recorded in October 2025
- ▪U.S. spot Bitcoin ETFs held approximately $55.1 billion in cumulative net inflows and $93.7 billion in total net assets across 1.25 million BTC as of November 2026
Nasdaq market movements
- ▪Laser Digital's derivatives trading desk said the Nasdaq index gained almost 3% on November 9, 2026, while Bitcoin barely rose during the stock market rebound
- ▪Cryptocurrency investors pulled exposure from risk assets following a 5.5% single-day drop in the Nasdaq Composite index on November 5, 2026
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