US Bitcoin ETFs Turn Negative for 2026 After $2 Billion in Two Weeks of Outflows

US spot bitcoin ETFs are now negative for 2026. Net outflows this year reached $1.03 billion as of November 9, according to Farside Investors. Just three weeks earlier, the funds were still up $1.43 billion for the year.

Why it matters

Spot ETFs are the main way large investors and pension funds hold bitcoin. In 2024 and 2025 their steady buying was one of the biggest forces lifting the price.

That support has turned into selling. By this date last year, the ETFs had taken in $24.7 billion. In 2024 the figure was $25.8 billion.

When ETF investors sell, the funds sell bitcoin to pay them out. That adds pressure on the price.

How fast the money left

The outflows sped up after October 30. Since then, about $2.15 billion has left bitcoin ETFs, according to analytics firm Santiment. On November 10 alone, the funds lost another $95 million, bringing the year's total to about $1.16 billion by another count.

BlackRock's IBIT, the largest bitcoin ETF, lost $1.66 billion over seven straight days of outflows.

The wider market

Bitcoin traded near $74,000 on the morning of November 11, after falling below $73,000 the day before on hotter-than-expected US inflation. It is on track for a sixth straight weekly loss.

More than $700 million of leveraged trades were wiped out in 24 hours, almost all bets on rising prices. The Fear & Greed Index stood at 29, in "fear".

Santiment notes that large ETF outflows often come when fear is at its peak, and investors tend to return after prices have already recovered.