Bitcoin ETFs Bleed $1.28B in a Week as One Fund Does 94% of the Selling

Spot Bitcoin ETFs watched $1.28 billion walk out the door during the week of November 2 to 6, 2026. One fund did almost all the damage: BlackRock's iShares Bitcoin Trust (IBIT) shed $1.21 billion, or 94% of the week's total. Fidelity's Bitcoin fund was the lone bright spot, pulling in $42.8 million while its rivals emptied out.

The selling came in two ugly bursts. Redemptions hit $430.2 million on November 5 and $411.9 million on November 6 as tech shares sold off and investors yanked risk off the table. Bitcoin ETFs sit in the same brokerage accounts as tech stocks, so when money managers de-risk, crypto funds get sold right along with them. On November 6 alone, IBIT lost $403 million, while Bitwise's fund gave up $20.5 million, ARK 21Shares' fund dropped $20.1 million and Grayscale's original trust shed $11.1 million.

Bitcoin trades at $75,720, down 2.3% on the week and 13.5% so far in 2026. It briefly dipped below $75,000 on November 6, touching an intraday low of $74,722. Tech analyst Beth Kindig flagged the macro pressure on X on November 5, noting the dollar is back in an uptrend and yields are climbing. She added a day later that she expects one more large drop in Bitcoin over the coming months.

Ethereum funds weren't spared, losing $365.3 million on the week, led by BlackRock's iShares Ethereum Trust, which dropped $90.8 million on November 6. Solana ETFs posted zero flows November 2 through 4, then lost $1.18 million and $25.1 million on consecutive days, a weekly outflow of $26.3 million.

XRP's story is stranger. Its spot ETFs, holding $1.34 billion in net assets, saw a tiny $530,000 outflow on November 2 and then nothing at all for four straight sessions, according to 247wallst.com. XRP still fell 7.1% on the week, now at $1.16, a steeper drop than Bitcoin's 2.3% or Ethereum's 0.8%. With a base far smaller than the $95.9 billion parked in Bitcoin funds, XRP's price gets set by exchange traders and whales, not Wall Street. Ethereum funds lost $365.3 million while its price barely moved, a sign ETF flows weren't calling the shots on which coins fell hardest.

So is Wall Street done with crypto for 2026? Not obviously. Bitcoin funds have pulled in $55.70 billion cumulatively since launch, and most of that money is still sitting there. Blockchain buyers even returned for a single day, November 4, when midterm results showed a Democratic sweep and Bitcoin ETFs took in $74.6 million before the tech selloff hit the next day. What happens next hinges on tech stocks finding a floor. For Bitcoin, another week of outflows above $1 billion and a close below its 200-day average of $73,197 would make a real exit look likely. A flip to net inflows with Bitcoin back above its 20-day average of $79,674 would tag this week as a shakeout, not a goodbye.