Across seven consecutive trading sessions, the 12 U.S. spot bitcoin investment vehicles shed a combined $1.91 billion, while nearly every other segment of cryptocurrency ETFs experienced no net positive movement except for one last week.
According to figures analyzed by The Block via SoSoValue data, U.S. spot Bitcoin (BTC) exchange-traded funds registered $1.07 billion in net withdrawals over the course of the week, marking their second consecutive period exceeding $1 billion in exits. The prior instance where these products encountered back-to-back weekly redemptions surpassing $1 billion occurred across late May and early June.
This liquidation wave affected virtually all digital asset ETF categories. Out of 15 U.S. spot crypto fund groups monitored by SoSoValue, 10 recorded net negative flows, and four showed zero activity. Products tracking Avalanche (AVAX) proved to be the sole classification achieving positive weekly inflows, securing a modest $227,000 on Thursday. In total, approximately $1.55 billion exited U.S. spot crypto exchange-traded funds collectively.
The bitcoin funds recorded redemptions on all five trading days last week, giving up $201.1 million on Monday, $95 million on Tuesday, $299.9 million on Wednesday, $284 million on Thursday, and $185.5 million on Friday.
When combined with the $1.28 billion that departed the products during the preceding week, bitcoin ETFs have now dropped $2.35 billion over a fortnight. This represents the heaviest two-week negative total since the period concluding on June 5, during which the products surrendered $3.14 billion.
Bitcoin funds deepen 2026 losses with seven-day outflow streak
The redemption on Friday marked the bitcoin products’ seventh straight daily loss, extending a negative sequence that has removed $1.91 billion from the funds since launching on Nov. 5. As reported at the time by The Block, this stands as the lengthiest daily negative streak since the 10-session duration spanning June 17 through July 1, which drained roughly $2.71 billion.
Based on SoSoValue metrics, BlackRock’s IBIT accounted for $143.5 million of Friday’s exits, representing roughly 77% of the aggregate sum. Fidelity’s FBTC shed $41.9 million, while the remaining 10 funds experienced zero movement. At present, IBIT maintains bitcoin valued at $53.99 billion against $64.19 billion in total inflows since its inception.
After nine trading days, bitcoin ETFs have registered $2.35 billion in losses for November, marking their highest monthly reduction since June when $4.51 billion exited the products. Their performance for 2026 is currently down about $1.98 billion, which is more than double the $914.1 million deficit recorded a week prior after slipping into negative territory for the year.
These withdrawals coincided with bitcoin falling under $69,000 early Friday to reach its lowest mark since Aug. 20, as market participants evaluated Jensen Huang stepping down as Nvidia CEO alongside anticipations of an additional Federal Reserve interest rate hike, as detailed by The Block. The leading digital asset experienced further declines on Saturday morning, trading around $65,650 according to the Bitcoin price portal on The Block.
Ether funds approach record outflow streak
As documented by SoSoValue, spot Ethereum (ETH) exchange-traded funds dropped $398.9 million last week, marking their seventh consecutive negative week. Because the classification has previously recorded eight-week outflow streaks on two occasions—most recently matching that milestone early in July—another declining week would equal that record.
According to SoSoValue statistics, this seven-week downward run has pulled roughly $2.42 billion out of the funds since the conclusion of September. The highest single-day withdrawal last week occurred on Monday at $184.5 million, followed by $144.8 million on Wednesday and $70.6 million on Thursday.
A minor $2.4 million inflow on Friday halted a six-session consecutive redemption phase totaling $594.4 million. Fidelity’s FETH attracted $11.6 million during that session, balancing out a $9.3 million withdrawal from Grayscale’s Ethereum Mini Trust, whereas BlackRock’s ETHA recorded no activity.
Ether exchange-traded products are currently lower by roughly $804.5 million throughout 2026, which is nearly twice the $405.6 million deficit noted a week earlier. Total net assets contracted by 15.5% over the week to rest at $10.85 billion, representing the lowest reading since Aug. 18 and sitting approximately $670 million below the vehicles’ $11.52 billion in cumulative net inflows.
Altcoin funds extend outflows, save for one
Spot Solana products gave up $32.1 million over the past week according to SoSoValue, marking their sixth straight negative week and representing the longest uninterrupted decline since these funds debuted in October 2025. This downward sequence started during the identical week that the funds broke a record 14-week inflow streak, removing $197.4 million since that time.
Solana products logged redemptions across every trading session last week, pushing their consecutive daily losing streak to seven days. Fidelity’s FSOL accounted for the entirety of Friday’s $3.1 million withdrawal. Total assets dropped to $1.14 billion from $1.31 billion the preceding week, though unlike their BTC and ETH counterparts, these vehicles maintain a positive balance of roughly $644.1 million for the calendar year.
Grayscale’s Zcash product, ZCSH, which serves as the sole U.S. spot Zcash fund, registered $30.7 million in exits, approaching the total withdrawals of all nine Solana vehicles combined according to SoSoValue. This marked the vehicle’s second consecutive negative week, with the withdrawal volume matching an early-October week as its largest since late September. Net assets for ZCSH decreased by 32% during the week to settle at $523.7 million.
Spot XRP products surrendered $19.1 million as reported by SoSoValue, making it their heaviest weekly decline since mid-March and their second back-to-back negative week. The bulk of these exits occurred on Monday and Tuesday at $10.4 million and $7.6 million respectively. By Friday, Grayscale’s GXRP experienced a $5.5 million redemption while Franklin’s XRPZ captured $4.5 million in inflows.
The three U.S. Hyperliquid funds shed $4.3 million, extending their weekly negative sequence to six, which stands as the lengthiest duration since trading commenced in May per SoSoValue. Modest funds tracking NEAR, Chainlink, Hedera, and Polkadot gave up amounts ranging from $99,000 to $1.4 million each. Meanwhile, products associated with BNB, Dogecoin, Tron, and Litecoin recorded zero flows for the week.
The small $227,000 inflow secured by the Avalanche products on Thursday represented their exclusive day of net positive movement, forming the lone bright spot amid widespread reductions last week.
Originally published at https://www.theblock.co/news/markets/2026-11-14-bitcoin-etfs-lose-1-billion-for-the-second-week-in-a-row-as-crypto-funds-except-one-continue-bleeding-440337.
