Key Facts

  • US spot Bitcoin ETFs posted $1.07 billion in net outflows from Nov. 9 to Nov. 13, their second consecutive week with more than $1 billion in redemptions, according to SoSoValue data.

  • BlackRock's iShares Bitcoin Trust (IBIT) accounted for about 85% of the week's outflow and has not had a net inflow day since Oct. 29, an 11-session streak.

  • Bitcoin traded around $64,500 at the time of writing, down about 15% over the past week, as the funds' combined assets under management held at $86.2 billion.

US spot Bitcoin ETFs posted $1.07 billion in net outflows from Nov. 9 to Nov. 13, their second consecutive week with more than $1 billion in redemptions, according to SoSoValue data.

BlackRock's iShares Bitcoin Trust (IBIT) accounted for about 85% of the week's outflow and has not had a net inflow day since Oct. 29, an 11-session streak.

Bitcoin traded around $64,500 at the time of writing, down about 15% over the past week, as the funds' combined assets under management held at $86.2 billion.

The funds still held $86.2 billion in combined assets under management (AUM) as of Nov. 13, $54.6 billion above their cumulative net inflows since launching in January 2024.

IBIT Accounts for Most of the Weekly Outflow

Fidelity's FBTC lost $111.3 million over the same week and Grayscale's original GBTC trust lost $39.1 million. Combined, the three funds accounted for nearly all of the week's outflow, leaving the other nine US spot Bitcoin funds roughly flat.

Bitcoin Falls as Outflows Continue

The redemptions have run alongside a broader slide in Bitcoin's own price. The token traded around $64,500 at the time of writing, down 2% over the past 24 hours and about 15% over the past week, according to CoinMarketCap data.