Bitcoin ETFs Flip Negative for the Year With $1.56B in Net Outflows

The reversal was brutal and quick. Bitcoin ETFs were sitting on roughly $1.01 billion in net inflows on Oct. 29, according to SoSoValue. Then $643.3 million in net outflows landed on Oct. 30, leaving the funds ahead by just $368 million at that point. The year has now tipped fully red, with $1.56 billion in net annual outflows.

Weekly redemption runs did the damage. The funds bled $643.6 million through Thursday of this week, following $1.28 billion the week before and $202.6 million the week before that. It marks the 12th week this year with net outflows above $500 million. For comparison, all of 2025 produced 15 such weeks, and 2024 had just four.

The scale is a hard turn from the boom years. Bitcoin ETFs pulled in $21.37 billion across 2025 and $35.24 billion in 2024. November has kept the pressure on, with some tallies topping $1 billion and piling onto the yearly total. Four more weeks of similar size in the final stretch would put 2026 in record territory for redemptions.

The selling is bleeding into the spot market. Bitcoin slipped below $70,000 early Friday, its lowest level since August. Broader forces like inflation readings and geopolitical tension have weighed on risk assets, but the ETF outflows themselves have amplified the downward momentum in crypto. Market watchers are now fixed on one question: does the pace of redemptions slow before year-end?