US Spot Bitcoin ETFs Record Seventh Straight Day of Outflows, Led by BlackRock and Fidelity

US spot Bitcoin exchange-traded funds recorded net outflows of about $185.4 million on November 13, marking seven consecutive trading days of withdrawals. Flow data from tracking services shows the selling was concentrated in two funds. BlackRock's iShares Bitcoin Trust (IBIT) saw roughly $143.5 million leave, while Fidelity's Wise Origin Bitcoin Fund (FBTC) lost about $41.9 million. All other spot Bitcoin ETFs reported no net flows that day.

Over the full seven-day stretch, Bitcoin ETFs shed roughly $1.91 billion. Net outflows for November have exceeded $2 billion so far this month. The November 13 figure accounted for less than a tenth of the weekly total, meaning the earlier days in the streak saw much larger withdrawals.

Ethereum Funds Show Modest Inflows

Spot Ethereum ETFs moved in the opposite direction on the same day, attracting between $2.3 million and $2.36 million in net inflows depending on the tracker. The amount is small compared with the Bitcoin outflows and does not by itself indicate a broader shift in capital between the two assets.

Market Context

Bitcoin ($BTC-2.43%) traded at about $67,239 at the time of the data, down 2.08% over 24 hours and 11.37% over seven days, with 24-hour trading volume near $13.8 billion. During the outflow streak, Bitcoin moved within a range of roughly $68,000 to $73,000.

Since US spot Bitcoin ETFs launched in January 2024, they have recorded cumulative net inflows of roughly $55 billion. The recent seven-day outflow represents under 4% of that total. Analysts tracking the data have pointed to growing caution among institutional investors amid recent price volatility, though a single day of flows does not establish a trend.