U.S. spot crypto ETFs experienced significant outflows totaling $1.48 billion over the five trading days ending November 10, 2026. Bitcoin ETFs saw the largest withdrawals, with $1.06 billion in outflows, while Ethereum ETFs lost $326 million. Together, Bitcoin and Ethereum accounted for nearly 94% of the total exodus.
The selling pressure extended to other cryptocurrencies. Solana ETFs recorded $47.4 million in outflows, followed by XRP funds with $18 million. Hyperliquid and Zcash ETFs also saw combined withdrawals of $24 million. This broad-based exodus contrasts with the resurgence in demand for traditional equity ETFs during the same period.
Bitcoin and Ethereum ETFs recorded inflows on just one day, November 4, during the post-midterm rally. Since then, Bitcoin ETF outflows have extended into a fifth consecutive day, with BlackRock’s iShares Bitcoin Trust (IBIT) facing persistent redemptions. Solana ETFs have been particularly weak, failing to register a single inflow day since October 21.
The persistent withdrawals have also weakened the annual flow picture. Bitcoin and Ethereum ETFs have recorded combined net outflows of $2.25 billion in 2026 through Wednesday. However, altcoin ETFs offer a contrasting picture, remaining $1.75 billion positive for the year despite recent withdrawals. As of Friday, iShares Bitcoin shares were down 3.88% at $38.80.