Bitcoin ETF Withdrawals Reach $2.35 Billion Across Two Weeks

What happened: U.S. spot Bitcoin ETFs lost $1.07 billion in the week ending November 13, following $1.28 billion in withdrawals the preceding week. Across all U.S. spot crypto ETFs, weekly net outflows reached approximately $1.55 billion; of the 15 categories tracked by SoSoValue, 10 registered outflows and four reported no flows. Avalanche funds supplied the only positive category, taking in $227,000 on Thursday, while Ether ETFs lost $398.9 million in their seventh consecutive negative week.

Why it matters: The breadth of withdrawals makes this more consequential than an isolated Bitcoin fund redemption: selling extended across most tracked categories. Avalanche’s positive result deserves proportionate treatment, because $227,000 does little to offset the scale of withdrawals elsewhere. At the same time, BlackRock’s IBIT still reported $64.19 billion in cumulative inflows since launch, so the recent reversal should be evaluated alongside its accumulated investor demand rather than treated as evidence that the entire ETF market has failed.

Source: The Block.