Bitcoin ETFs Bleed $1.4B in Five Days as Investors Cut Risk

In brief

• U.S. spot Bitcoin ETFs have seen five straight days of net outflows totaling $1.44 billion, as investors pulled back from risk assets.
• The funds' net assets have fallen to $93.7 billion, down roughly 45% from a peak of $169.5 billion in October 2025.
• Analysts say the outflows are modest relative to the $55 billion the funds have taken in overall, but warn that buying demand has dried up.

U.S. spot Bitcoin exchange-traded funds have recorded five consecutive days of net outflows, as investors retreat from risk assets after a turbulent week for markets.

The funds lost some $1.44 billion between November 5 and November 11, including $299.9 million on Wednesday, according to SoSoValue data. That brings net outflows for November so far to $1.88 billion, after $520 million left the funds in October.

$79.7k$77.4k$75.1k$72.9k

24h HighHigh$74,695

24h LowLow$73,199

VolVol$910.3M

Market projectionsOdds by Myriad

The outflows have coincided with a sell-off in AI and technology stocks. On November 5, when the Nasdaq Composite fell 5.5% in a single day, Bitcoin ETFs saw net outflows of about $430 million.

"This wave of outflows is the result of institutional investors actively or passively reducing their risk exposure following a decline in macro risk appetite, which is not yet sufficient to prove that Bitcoin's long-term allocation thesis has reversed," Tim Sun, senior researcher at HashKey, told Decrypt.