Bitcoin ETFs Turn Negative for 2026 as YTD Outflows Hit $1.03 Billion

US spot Bitcoin ETFs record $1.03 billion in net outflows in 2026, reversing earlier gains as BlackRock’s IBIT loses $1.66 billion in seven trading days.

Table of contents

• Bitcoin ETF outflows deepen as IBIT records seven consecutive days of withdrawals

• Bitcoin ETFs Lose Another $95M as Outflows Stretch to Four Days

• Stronger U.S. jobs and rising inflation weigh on Bitcoin as rate fears return

• U.S. spot Bitcoin ETFs turned negative for 2026, with $1.03B in net outflows through Nov. 9, and that erased $1.43B of year-to-date inflows from just three weeks ago
• IBIT lost $1.66B over seven straight outflow days, and other ETFs have shed $3.8B this year
• Pressure came from October payrolls of 165K and CPI of +0.4%, which sent BTC toward $73,700 and triggered ~$723M in liquidations, mostly longs

U.S. spot Bitcoin ETFs have shifted into negative territory for 2026 after recording $1.03 billion in net outflows through November 9, reversing a year of institutional demand that had previously supported Bitcoin's market performance.

According to SoSoValue data, the funds were still recording $1.43 billion in year-to-date net inflows just three weeks ago. 

The latest withdrawals have erased those gains, marking a $25.7 billion reversal from the $24.7 billion in inflows recorded by this point in 2025. 

The funds had attracted approximately $25.8 billion over the same period in 2024.

Bitcoin ETF outflows deepen as IBIT records seven consecutive days of withdrawals

BlackRock's iShares Bitcoin Trust (IBIT) has accounted for a substantial portion of the recent withdrawals, losing $1.66 billion over seven consecutive trading days of outflows. 

The withdrawals came despite BlackRock reporting strong demand from large investors seeking to convert their existing Bitcoin holdings into shares of its ETF, with approximately $3.6 billion converted so far.

Excluding IBIT, other U.S. spot Bitcoin ETFs have collectively recorded $3.8 billion in net outflows this year, highlighting the extent of withdrawals across the market.

The selling accelerated during the first week of November, when spot Bitcoin ETFs recorded approximately $1.28 billion in weekly withdrawals between November 2 and November 6. 

BlackRock's IBIT accounted for around $1.21 billion of those losses, making it the largest contributor to the weekly decline.

Fidelity's Wise Origin Bitcoin Fund (FBTC) recorded a different pattern, attracting $42.8 million on November 6 even as IBIT lost approximately $403 million that day. 

However, the broader withdrawals across the funds pushed their combined 2026 flows below zero.

The weakness has also extended to other cryptocurrency investment products. 

U.S. spot Ether ETFs recorded approximately $365 million in withdrawals during the same week, marking their sixth consecutive week of negative flows. 

Solana ETFs lost $26.25 million, while HYPE funds recorded $15.62 million in outflows, while XRP ETFs experienced comparatively smaller withdrawals of approximately $529,500.

Bitcoin ETFs Lose Another $95M as Outflows Stretch to Four Days

US spot Bitcoin ETFs recorded $95 million in net outflows on November 10, marking their fourth consecutive day of withdrawals and extending a sustained reversal in institutional investment demand.

According to SoSoValue data, the latest outflows add to the funds’ deteriorating performance in 2026, with year-to-date net withdrawals reaching $1.03 billion. The reversal comes just weeks after the ETFs were still recording positive net flows for the year.

BlackRock’s iShares Bitcoin Trust (IBIT) led the withdrawals, losing $78.24 million in a single day. Morgan Stanley’s Bitcoin ETF (MSBT), meanwhile, attracted $20.03 million, the largest daily inflow among the funds.

Stronger U.S. jobs and rising inflation weigh on Bitcoin as rate fears return

Macroeconomic conditions have added pressure to cryptocurrency markets as investors reassess expectations for Federal Reserve interest rates. 

The U.S. economy added 165,000 jobs in October, exceeding economists' expectations of 65,000, while unemployment declined to 4.1%.

The stronger employment figures raised expectations that the Federal Reserve could maintain higher borrowing costs or consider another interest rate increase in December. 

The October Consumer Price Index subsequently showed monthly inflation of 0.4%, above the 0.3% economists had expected, adding to concerns about monetary policy.

The Bitcoin price has also struggled alongside technology stocks, with the cryptocurrency falling towards $73,700 following the inflation report. 

The decline triggered approximately $723 million in cryptocurrency liquidations over 24 hours, including around $570 million in leveraged long positions.

Despite the recent withdrawals, U.S. spot Bitcoin ETFs continue to hold substantial assets accumulated since their launch. 

However, the shift to negative annual flows marks a change in institutional demand, with investors now watching whether the funds can recover the buying momentum recorded in August and September

Hassan Shittu is a Web3 and finance journalist and editor with over six years of experience writing for crypto-native, stock market and tech publications. A five-year Web3 trader with hands-on experience in meme coins and NFTs, he brings firsthand market knowledge and a technical writing background to his coverage. Outside of crypto, he enjoys football.