Bitcoin ETFs Lose $1.44B as Withdrawals Extend Across Five Trading Days

What happened: U.S. spot Bitcoin ETFs registered $1.44 billion in net outflows between November 5 and November 11, including $299.9 million on November 11, according to SoSoValue figures cited in the supplied reporting. November’s withdrawals reached $1.88 billion, compared with $520 million during all of October, while BlackRock’s IBIT accounted for $1.2 billion in the reported outflow period and moved to negative year-to-date net flows of $914 million. The withdrawal streak began on November 5, when the Nasdaq fell 5.5% and Bitcoin ETFs recorded $430 million in outflows.

Why it matters: The persistence of withdrawals suggests sustained reductions in exposure rather than an isolated weak session, and their coincidence with the Nasdaq decline supports the reporting’s broader risk-reduction interpretation without proving a single cause. Nevertheless, the $1.44 billion withdrawal represents approximately 2.6% of the funds’ $55.1 billion in cumulative net inflows, a useful counterweight to claims of a wholesale investor exit. Reported ETF net assets of $93.7 billion, against an October 2025 peak of $169.5 billion, also require careful interpretation because asset values respond to Bitcoin prices as well as subscriptions and redemptions.

Source: Decrypt; fund-level figures: Crypto Briefing.