US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows in the week preceding Cointelegraph’s Nov. 9, 2026 report—their largest weekly withdrawals since late June.
According to SoSoValue, the selling brought the funds’ year-to-date net outflows to about $919 million, following $515 million in net withdrawals in October.
IBIT accounted for roughly 95% of weekly outflows
BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, recorded $1.21 billion in net outflows for the week, according to Farside Investors. That represented about 95% of the weekly total reported by SoSoValue.
IBIT’s withdrawals ran for six consecutive trading sessions through Friday, bringing its cumulative net outflows since Oct. 30 to approximately $1.44 billion.
Not every fund followed the same pattern. Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted about $93 million in net inflows for the week, despite losing nearly $200 million on Thursday.
Price weakness and cautious sentiment
Bitcoin fell below $76,000 during the week as traders digested the fallout from Binance’s $6.3 billion hack, uncertainty after the US midterm elections and a technology-stock sell-off, Cointelegraph reported.
In a statement shared with the publication, Bitfire Research said shifting US interest-rate expectations, post-election uncertainty and technology-stock weakness weighed on crypto markets. It also said investors were reassessing whether Congress could pass the CLARITY Act before year-end.
Bitfire cited a Crypto Fear & Greed Index reading of 25 and a negative Coinbase Premium, indicating that Bitcoin traded at a discount on Coinbase relative to the indicator’s benchmark.
The downside warning was conditional
Bitfire described the market as being in a “breakdown and bottom-seeking phase.” It flagged upcoming US inflation data and Federal Reserve signals, warning that a sustained break below the $74,400–$75,000 support range could trigger further selling.
At the source article’s publication, Bitcoin was already below that range at $74,049, down 5% over seven days and 2.3% over 24 hours, according to CoinGecko. That price snapshot does not by itself establish a sustained break or confirm Bitfire’s forecast.
Original report published Nov. 9, 2026, at 16:17:35 UTC+8. These figures describe that historical reporting period, not current market conditions.