US spot Bitcoin ETFs lost $185.4 million on Friday — the seventh session of net withdrawals. BlackRock's IBIT accounted for $143.5 million of the day's outflow, Fidelity's FBTC for $41.9 million, and the other ten funds in the group finished flat, COINOTAG reported.
The two-week loss now totals $2.35 billion. Farside Investors data, cited by CoinTelegraph, puts the week of November 9–13 at $1.07 billion, after $1.28 billion the week before. Both weeks cleared $1 billion, the heaviest weekly redemptions since late June.
IBIT carries nearly all of it. Friday took the fund's losing run to 11 sessions, back to October 30, with about $2.35 billion out across the run. The cumulative total passed $2 billion on Wednesday. IBIT gave up $908.4 million in the latest week after roughly $1.21 billion the week before, and its November total of $2.12 billion is about 90% of the market's November net withdrawals.
Three tallies land near the same $2.35 billion figure: the group's two-week loss, IBIT's 11-session loss, and the month-to-date total. That is no coincidence — IBIT drove about 90% of November's flows.
Bitcoin dropped under $70,000 on Friday, the same day the seventh straight outflow session printed. The MarketRadar snapshot at 12:13 PKT on Saturday put bitcoin at $67,310, down 2.59% on the day and about 8% under the $73,400 it traded at on Wednesday. Ether sat at $1,901, down 2.11%, while the S&P 500 closed 0.4% lower and the Nasdaq 0.91% lower.
Background: how the bleed built
The run began on October 30, when IBIT recorded its first redemption session of this streak. November 4 brought the group's only inflow day of the month so far, $74.6 million, and IBIT still lost $201.2 million that day. Every other November session has printed red.
November 2 took $405.3 million out of IBIT; November 6 took $403 million. Those are the fund's two biggest single-day outflows of the year, Bitcoin Magazine reported, and together they exceed $800 million.
This is the third long outflow run of 2026, and it is not yet the longest. May 15 through June 3 produced the year's longest dry spell: 13 sessions in a row with no net money coming in, for the group and for IBIT alike. A second IBIT run, June 17 through July 2, lasted 11 sessions. The current run matches that second one. One more outflow session would pass it; two more would tie the May–June record.
IBIT still holds about $64.5 billion gathered since its January 2024 launch, and it remains about $2.45 billion net positive for 2026, per Bitcoin Magazine. The group as a whole, though, has slipped to about $1.42 billion in net outflows for 2026 — the first calendar year the category has gone net negative since the products launched.
Why it matters
ETF flows were the bull case for bitcoin in 2024 and 2025. The wrapper let allocators who would never touch an exchange hold bitcoin inside a brokerage account, and the inflows that followed set the price. When that channel reverses for 11 straight sessions at the largest fund, it removes the buyer the market counted on.
The pace of the bleed is changing. Wednesday's group outflow was $299.8 million, Thursday's $284.1 million, Friday's $185.4 million. The three-day total is $769.3 million, and Friday ran 38% below Wednesday's pace. A slower bleed does not mean the selling has stopped — only that the sellers are thinning out, or the buyers are starting to meet them.
Bitfinex read the Wednesday slowdown as a possible first sign of a bottom forming, while cautioning that a slowdown by itself does not prove a recovery has begun. Its study of earlier 2026 streaks found bitcoin gained a median 6.4% across the 10 trading sessions after a streak closed with three inflow days in a row. The group has not printed one yet.
| Day | Group net flow | IBIT net flow | FBTC net flow |
|---|---|---|---|
| Wed, Nov 11 | -$299.8M | -$269.7M | — |
| Thu, Nov 12 | -$284.1M | — | — |
| Fri, Nov 13 | -$185.4M | -$143.5M | -$41.9M |
| 3-day total | -$769.3M | — | — |
| Outflow streak | Sessions | Dates | Note |
|---|---|---|---|
| May–June 2026 | 13 | May 15 – Jun 3 | Longest of 2026 |
| June–July 2026 | 11 | Jun 17 – Jul 2 | Matched by current run |
| Oct–Nov 2026 | 11 | Oct 30 – Nov 13 | Ongoing; IBIT ~$2.35B out |
The streak table also frames the risk. If Friday's $185.4 million pace held for a full week, the group would lose about $927 million — below the $1.07 billion of the week just ended. If the pace reverted to Wednesday's $299.8 million, the weekly loss would run near $1.5 billion.
What to watch
- Whether IBIT's streak reaches 12 sessions on Monday, and 13 on Tuesday to tie the May–June record.
- Whether the daily group outflow keeps easing below Friday's $185.4 million, or jumps back above $280 million.
- Three inflow sessions in a row, the Bitfinex marker for a floor, which the group has not printed since November 4.
Key points
- US spot Bitcoin ETFs lost $2.35 billion in two weeks: $1.07 billion in the week of November 9–13 after $1.28 billion the week before, the heaviest weekly redemptions since late June, per Farside data.
- Net outflows on Friday, November 13, came to $185.4 million and marked the seventh straight session, with IBIT losing $143.5 million and FBTC $41.9 million while the other ten funds were flat.
- IBIT's losing streak reached 11 sessions since October 30, with about $2.35 billion out; its November outflows of $2.12 billion are roughly 90% of the market's November net withdrawals.
- The daily bleed is slowing: $299.8 million on Wednesday, $284.1 million on Thursday, $185.4 million on Friday — a 38% drop across the three days.
- Bitcoin dropped under $70,000 on Friday and sat at $67,310 in the MarketRadar snapshot at 12:13 PKT on Saturday, down 2.59%, about 8% below Wednesday's $73,400.
- The group is now about $1.42 billion net negative for 2026, while IBIT alone remains about $2.45 billion net positive for the year and holds roughly $64.5 billion gathered since January 2024.
MarketRadar take
The outflow streak is the story, and IBIT is the story inside it. One fund accounts for about 90% of November's withdrawals, so the group's $2.35 billion two-week loss is a $2.35 billion IBIT loss under a group label. If IBIT's sellers finish, the whole group's numbers turn fast. If they do not, no other fund is offsetting them.
The easing daily pace is the one hopeful number in the set. Friday's $185.4 million was the smallest of the three days, and it came with the other ten funds flat rather than joining the selling. But three days of slowing outflows is a hint, not a turn. The Bitfinex marker is three straight inflow days, and the group has not managed one since November 4. Until that prints, the read stays bearish for bitcoin.
