US-listed spot cryptocurrency exchange-traded funds (ETFs) recorded approximately $1.67 billion in combined net outflows during the November 2–6 trading week, as institutional investment products linked to Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP all ended the period in negative territory.
Bitcoin ETFs accounted for the overwhelming majority of withdrawals, losing approximately $1.28 billion, their largest weekly outflow since late June 2026. Ethereum funds followed with $365.28 million in net redemptions, while Solana and XRP products recorded smaller withdrawals.
The figures indicate broad weakness in institutional demand for US-listed spot crypto ETFs during the week. The withdrawals also reversed Bitcoin ETFs’ positive year-to-date flow position, leaving the funds with approximately $914.1 million in net outflows for 2026, according to data reported by The Block.
Weekly Crypto ETF Outflows: BTC, ETH, SOL and XRP
All four major cryptocurrency ETF categories recorded net withdrawals between November 2 and November 6.
| Cryptocurrency | Weekly net flows |
|---|---|
| Bitcoin (BTC) | -$1.28 billion |
| Ethereum (ETH) | -$365.28 million |
| Solana (SOL) | -$26.25 million |
| XRP | -$529,510 |
| Combined outflows | Approximately $1.67 billion |
Bitcoin represented the largest share of the withdrawals, accounting for approximately 76.6% of the combined outflows. Ethereum contributed another significant portion, while Solana and XRP experienced comparatively smaller redemptions.
These figures represent net ETF flows, calculated by subtracting fund redemptions from new creations. They do not represent total ETF trading volume or necessarily indicate that every institutional investor sold their underlying cryptocurrency holdings.
Bitcoin ETFs Lose $1.28 Billion, Reversing 2026 Gains
US spot Bitcoin ETFs experienced the largest withdrawals among the four asset categories, recording approximately $1.28 billion in net outflows during the five trading sessions.
According to The Block’s analysis of SoSoValue data, this marked the funds’ worst weekly performance since late June.
The withdrawals also pushed Bitcoin ETFs into negative territory for 2026. The funds had previously returned to positive year-to-date flows in late September, but the latest selling pressure reversed those gains.
BlackRock’s iShares Bitcoin Trust (IBIT) was a major contributor to the withdrawals. The fund recorded approximately $1.21 billion in weekly outflows, making it the largest source of redemptions among individual Bitcoin ETF products.
However, some funds continued to attract capital. Fidelity’s FBTC recorded approximately $93.12 million in weekly inflows, while Bitwise’s BITB attracted around $16.58 million.
The divergence suggests that investors were not withdrawing capital uniformly across all Bitcoin products.
Ethereum ETFs Record $365.28 Million in Outflows
US spot Ethereum ETFs also experienced significant withdrawals, losing approximately $365.28 million during the reporting period.
The outflows extended the funds’ negative weekly streak to six consecutive weeks, highlighting persistent pressure on investment products tracking the second-largest cryptocurrency.
BlackRock’s iShares Ethereum Trust (ETHA) accounted for most of the withdrawals, recording approximately $345.96 million in weekly outflows.
Fidelity’s Ethereum Fund (FETH), meanwhile, attracted approximately $15.34 million, providing a partial offset to the broader redemptions.
The latest figures bring the cumulative outflows from Ethereum ETFs over the six-week period to approximately $2 billion, according to The Block’s reporting.
Solana ETFs Extend Outflow Streak to Five Weeks
Spot Solana ETFs recorded approximately $26.25 million in net outflows during the week.
The withdrawals extended the funds’ negative streak to five consecutive weeks, marking their longest period of sustained outflows since the products began trading in October 2025.
Most of the week’s Solana withdrawals occurred toward the end of the reporting period. Bitwise’s Solana ETF (BSOL) recorded approximately $14.4 million in outflows on November 6, while Grayscale’s Solana Trust (GSOL) lost around $5.4 million.
Despite the recent withdrawals, Solana ETFs remained positive on a year-to-date basis, with cumulative net inflows of approximately $676 million, according to The Block.
XRP ETFs Record Smaller Outflows of $529,510
XRP spot ETFs also ended the week with net withdrawals, although their losses were considerably smaller than those recorded by Bitcoin, Ethereum and Solana funds.
The products recorded approximately $529,510 in weekly outflows, with Canary Capital’s XRPC accounting for the reported withdrawal.
The relatively small amount suggests that the XRP ETF category experienced limited net redemption activity during the period compared with the larger Bitcoin and Ethereum funds.
However, the weekly outflow indicates that institutional demand was not entirely insulated from the broader weakness affecting cryptocurrency investment products.
Why Are Crypto ETFs Experiencing Outflows?
The latest withdrawals came during a period of weakness across cryptocurrency and traditional financial markets.
The Block linked the broader market pressure to the US midterm election aftermath and concerns surrounding economic and technology-sector developments. Bitcoin also experienced a sharp price decline during the week, adding to the challenging environment for crypto investment products.
Several factors can influence ETF flows, including:
- Market uncertainty: Investors may reduce exposure to volatile assets when broader economic or political uncertainty increases.
- Profit-taking and portfolio rebalancing: Institutional investors can redeem ETF shares to adjust their exposure after changes in asset prices.
- Risk reduction: Funds may experience withdrawals when investors shift capital toward cash or other perceived lower-risk investments.
- Changing market expectations: Expectations around interest rates, economic growth and cryptocurrency regulation can influence institutional allocation decisions.
ETF outflows do not necessarily mean that all investors have lost confidence in cryptocurrencies. They measure net capital entering or leaving specific investment products during a given period.
What the Latest ETF Flows Mean for the Crypto Market
The combined $1.67 billion in withdrawals highlights a difficult week for institutional cryptocurrency investment products.
Bitcoin’s return to negative year-to-date ETF flows is particularly notable because the funds had previously recovered their earlier losses. Ethereum’s six-week outflow streak and Solana’s five-week streak also point to sustained pressure across several major digital assets.
Nevertheless, ETF flows are only one indicator of institutional demand. Cryptocurrency prices are also influenced by spot-market trading, derivatives positioning, liquidity, macroeconomic developments and investor sentiment.
A sustained recovery in ETF inflows could indicate improving institutional demand, while continued redemptions may suggest that investors remain cautious.
Bottom Line
US spot Bitcoin, Ethereum, Solana and XRP ETFs recorded approximately $1.67 billion in combined net outflows during November 2–6, 2026.
Bitcoin led the withdrawals with $1.28 billion, followed by Ethereum at $365.28 million. Solana ETFs lost $26.25 million, while XRP products recorded approximately $529,510 in outflows.
The withdrawals pushed Bitcoin ETFs into negative year-to-date territory and extended the outflow streaks for Ethereum and Solana funds. The figures highlight a broader pullback in institutional crypto ETF demand, although future flows will depend on market conditions and investor sentiment.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. ETF flow data can be revised by data providers and should not be considered a standalone indicator of future cryptocurrency prices.
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