U.S. spot Bitcoin ETFs recorded $1.28 billion in net outflows in the week covered by The Block’s November 7, 2026 report, reversing their year-to-date inflows and leaving them roughly $914.1 million negative for 2026. The Block’s analysis of SoSoValue data put the week’s withdrawals at their highest since late June.
It was the funds’ second consecutive negative week and their seventh-largest weekly outflow since launching in January 2024.
A reversal in year-to-date flows
The funds entered the week with approximately $368 million in net inflows for 2026, having moved into positive territory in late September. Monday’s withdrawals pushed the annual balance below zero, and further exits deepened the deficit through Friday.
The Block reported the following daily flows:
- Monday: $398.6 million in net outflows.
- Tuesday: $115.6 million in net outflows.
- Wednesday: $74.6 million in net inflows—the week’s only positive session.
- Thursday: $430.2 million in net outflows.
- Friday: $411.9 million in net outflows.
The most recent larger weekly exit occurred in the week ending June 26, when the funds lost $1.79 billion. The preceding week in the November report had seen $202.6 million in net withdrawals, including a $643.3 million Friday exit that The Block described as the largest single-day outflow in four months, following the record Binance hack.
BlackRock’s IBIT dominated Friday’s withdrawals
BlackRock’s IBIT recorded $403 million in outflows on Friday, accounting for approximately 88% of the day’s gross outflows, rather than its net total. Bitwise’s BITB and Ark & 21Shares’ ARKB each lost about $20 million, while Grayscale’s GBTC lost $11.1 million.
Fidelity’s FBTC moved in the opposite direction, attracting $42.8 million on Friday after leading Thursday’s withdrawals with $199.9 million.
The value of Bitcoin held across the 12 funds declined 2.3% over the week to $95.9 billion, equivalent to approximately 6.3% of Bitcoin’s market capitalization. IBIT held $60.3 billion in net assets against $65.1 billion in cumulative inflows.
Political and equity-market context
The withdrawals coincided with a cryptocurrency and equities selloff following Tuesday’s U.S. midterm elections. Bitcoin fell 5.6% on Thursday alone.
According to The Block’s reporting, analysts linked the decline to the Democratic sweep of Congress and concerns about AI spending. Analysts also suggested that the Democratic gains in Texas could slow development in a state with substantial Bitcoin-mining and data-center activity. Those explanations and potential consequences were analyst assessments, not established outcomes.
Bitcoin traded near $75,880 on Saturday morning in the source’s price snapshot. The report did not provide a Bitcoin price target or establish how long the ETF outflow trend would persist.
Original source: The Block. Original publication timestamp supplied: November 8, 2026, at 00:45:02 UTC+8 (November 7 at 16:45:02 UTC). This article preserves that reporting context.
