Original report published Nov. 9, 2026, at 16:17:35 UTC+8.
US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows in the preceding week, their largest weekly withdrawals since late June, according to SoSoValue. That brought year-to-date net outflows to approximately $919 million, following $515 million in net outflows during October.
For assessing Bitcoin demand, the distinction is important: these figures measure net flows into and out of spot ETFs, not Bitcoin’s fair value. The reported withdrawals were also heavily concentrated in one fund.
IBIT drives the weekly withdrawals
BlackRock’s iShares Bitcoin Trust, or IBIT, the world’s largest spot Bitcoin ETF by assets, recorded $1.21 billion in weekly net outflows, according to Farside Investors. That represented about 95% of the industry-wide weekly total reported by SoSoValue.
IBIT’s outflow streak reached six consecutive trading sessions through Friday, with approximately $1.44 billion withdrawn since Oct. 30.
Flows were not uniformly negative across funds. Fidelity’s Wise Origin Bitcoin Fund, or FBTC, attracted about $93 million in net inflows for the week, despite losing nearly $200 million on Thursday.
Price weakness and the risk backdrop
Bitcoin fell below $76,000 during the reported week as traders digested the fallout from Binance’s $6.3 billion hack, uncertainty following the US midterm elections and a sell-off in technology stocks.
In a statement shared with Cointelegraph, Bitfire Research said shifting US interest-rate expectations, post-election uncertainty and weakness in technology stocks weighed on crypto markets. Investors were also reassessing whether Congress could pass the CLARITY Act before year-end, the firm said.
Bitfire cited two sentiment and pricing indicators:
- A Crypto Fear & Greed Index reading of 25, sourced to Alternative.me.
- A negative Coinbase Premium, indicating that Bitcoin traded at a discount on Coinbase relative to the indicator’s benchmark.
These readings describe sentiment and relative pricing; they do not establish a fair-value estimate for Bitcoin.
Bitfire’s downside scenario
Bitfire characterized the market as being in a “breakdown and bottom-seeking phase.” It identified upcoming US inflation data and Federal Reserve signals as factors to monitor, and said a sustained break below the $74,400–$75,000 support range could trigger further selling.
At the original article’s publication, Bitcoin traded at $74,049, already below the lower end of that range. It was down 5% over seven days and 2.3% over 24 hours, according to CoinGecko. A price below the range at publication is distinct from Bitfire’s condition of a sustained break.
The figures document ETF withdrawals and price weakness, while Bitfire’s support range represents a conditional market assessment—not a valuation model or proof of Bitcoin’s intrinsic worth.