Outflows from exchange-traded funds that track the spot price of Bitcoin (CRYPTO: $BTC) have now exceeded $1.5 billion U.S. for the year.

With a little more than a month left in 2026, outflows from about a dozen U.S.-listed Bitcoin ETFs have reached $1.56 billion U.S.

The funds have turned negative on the year since Oct. 29 when crypto exchange Binance reported losing $6.3 billion U.S. in a hack of its trading platform.

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The funds were up $1.01 billion U.S. for the year on Oct. 29. But the ETFs have bene hit with a wave of redemptions by institutional investors since the Binance hack occurred.

The ETFs shed $643.6 million U.S. this week through Nov. 12. They lost $1.28 billion U.S. the previous week and $202.6 million U.S. the week before that.

The Bitcoin ETFs are seen as a proxy for institutional demand for cryptocurrencies. That demand has turned sharply lower since the Binance hack, say analysts.

The outflows this year are a big reversal from net inflows of $21.37 billion U.S. in 2025 and $35.24 billion U.S. in 2024, the year that the ETFs launched in America.

News of the continued outflows from the ETFs comes with Bitcoin's price having fallen below $70,000 U.S. early on Nov. 13 to trade at $69,200 U.S.