U.S. spot bitcoin ETFs recorded $1.28 billion in net outflows in the week covered by The Block’s November 7, 2026 report, erasing their year-to-date inflows. Ether, Solana and Hyperliquid funds also extended multiweek withdrawal streaks, according to the report’s analysis of SoSoValue data.
The bitcoin funds ended Friday with approximately $914.1 million in net outflows for 2026, having entered the week with about $368 million in net inflows. It was their second consecutive negative week and their seventh-largest weekly outflow since launching in January 2024.
Bitcoin withdrawals were the largest since June
The $1.28 billion weekly exit was the largest since the week ending June 26, when bitcoin ETFs lost $1.79 billion. Wednesday was the only positive trading day in the latest reporting week:
| Day | Net flow |
|---|---|
| Monday | −$398.6 million |
| Tuesday | −$115.6 million |
| Wednesday | +$74.6 million |
| Thursday | −$430.2 million |
| Friday | −$411.9 million |
BlackRock’s IBIT accounted for $403 million of Friday’s withdrawals, approximately 88% of the day’s gross outflows. Bitwise’s BITB and Ark & 21Shares’ ARKB each lost about $20 million, while Grayscale’s GBTC lost $11.1 million. Fidelity’s FBTC attracted $42.8 million after recording $199.9 million in outflows on Thursday.
The total value of bitcoin held across the 12 funds declined 2.3% over the week to $95.9 billion, equivalent to about 6.3% of bitcoin’s market capitalization. IBIT held $60.3 billion in net assets, compared with $65.1 billion in cumulative inflows.
The withdrawals coincided with a crypto and equities selloff following Tuesday’s U.S. midterm elections. Bitcoin fell 5.6% on Thursday. The Block reported that analysts linked the decline to the Democratic sweep of Congress and concerns about AI spending. Analysts also suggested that the Democratic gains in Texas could slow development in a state with substantial bitcoin mining and data-center activity; that remained an assessment rather than an established outcome.
Ether ETFs extend outflows to six weeks
Spot ether ETFs lost $365.3 million during the week, taking their six-week withdrawal total to approximately $2.02 billion since late September. The funds had previously recorded eight-week outflow streaks twice, most recently matching that record in early July.
Wednesday’s $53 million inflow was their only positive session. Monday brought the largest daily withdrawal at $139.8 million, followed by $100 million on Thursday and $93.2 million on Friday.
BlackRock’s ETHA accounted for $90.8 million of Friday’s withdrawals, or about 96% of gross outflows. Ether ETFs were approximately $405.6 million negative for 2026. Their net assets fell 2.9% over the week to $12.84 billion, against cumulative net inflows of $11.92 billion.
Solana and Hyperliquid funds reach record withdrawal streaks
Spot Solana ETFs lost $26.3 million, nearly all on Friday. Their fifth consecutive negative week was the longest outflow run since their October 2025 launch, bringing withdrawals over that stretch to $165.4 million. The streak began in the week that ended a record 14-week inflow run.
Bitwise’s BSOL led Friday’s Solana withdrawals with $14.4 million, followed by Grayscale’s GSOL at $5.4 million. Net assets declined from $1.40 billion to $1.31 billion over the week, although the funds remained approximately $676.2 million positive for the year.
The three publicly traded Hyperliquid ETFs lost $15.6 million, also marking their fifth consecutive negative week—the longest streak since they began trading in May. Five-week withdrawals totaled $58.4 million, while net assets fell about 17% over the latest week to $374.1 million. Bitwise’s BHYP led Friday’s $8 million outflow.
At the report’s Saturday-morning price snapshot, bitcoin traded near $75,880, ether around $2,244, SOL near $89.84 and HYPE around $77.79, according to The Block’s price pages. These figures reflect the original reporting period, not current prices.
Original publication time: November 7, 2026, at 16:45:02 UTC (November 8 at 00:45:02 UTC+8).
Source: The Block’s original report.