U.S. bitcoin ETFs log $1.56 billion in net outflows as redemptions pressure crypto market
Institutional demand for bitcoin is weakening as U.S.-listed spot exchange-traded funds slip into negative territory for the year. The reversal follows a string of heavy weekly withdrawals that coincides with bitcoin falling below $70,000, its lowest level since August.
Highlights
- U.S.-listed spot bitcoin ETFs report $1.56 billion in net outflows year to date, erasing most previous yearly gains after $500 million was withdrawn this week.
- Weekly net outflows totaled $643.6 million through Thursday, intensifying a streak that saw $1.28 billion leave the prior week and $202.6 million the week before.
- This marks the 12th week in 2026 with outflows exceeding $500 million, contributing to bitcoin dropping below $70,000 for the first time since August.
Outflow surge reverses yearly gains
As reported by CoinDesk, data from SoSoValue show U.S.-listed spot bitcoin ETFs now post $1.56 billion in net outflows year to date after investors pull more than $500 million from the funds this week alone.The shift is rapid. The products are still up about $1.01 billion for the year on Oct. 29, but net outflows of $643.3 million on Oct. 30 cut that figure to roughly $368 million.
Weekly withdrawals deepen the trend. The funds lose $643.6 million this week through Thursday, after losing $1.28 billion the previous week and $202.6 million in the week before that.
Pressure builds on bitcoin sentiment
Spot bitcoin ETFs are widely treated as a proxy for institutional demand, and the latest redemption streak suggests investors are pulling back from the asset class.This is the 12th week in 2026 with net outflows above $500 million. That compares with 15 such weeks in all of 2025 and four in 2024, indicating this year is nearing a record pace of large weekly exits.
Four more weeks of withdrawals above that level in the remaining six weeks of the year would make 2026 a record, a sharp contrast with net inflows of $21.37 billion in 2025 and $35.24 billion in 2024. The recent redemptions also help explain the broader market weakness, with bitcoin falling below $70,000 early Friday to its lowest level since August.
As a reminder, we recently covered the blockchain-based fund launch that gave digital access to the Nasdaq-100 Index amid a broader selloff.
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