Billion-Dollar Exodus From Bitcoin ETFs Hits Four-Month High

Billion-dollar outflows from US spot Bitcoin ETFs

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a sharp pullback last week, with net redemptions totaling $1.28 billion — the largest weekly outflow since late June. According to data compiled by SoSoValue, this latest withdrawal has pushed the year-to-date net outflows from spot Bitcoin funds to roughly $919 million.

Where the money left

BlackRock’s iShares Bitcoin Trust (IBIT), the world’s largest spot Bitcoin ETF, accounted for the vast majority of the withdrawals. Approximately $1.21 billion flowed out of IBIT last week, representing about 95% of total ETF outflows. Redemptions from IBIT continued for the sixth consecutive trading session through Friday, bringing cumulative outflows from October 30 to about $1.44 billion.

Mixed performance among other funds

Fidelity’s Wise Origin Bitcoin fund suffered heavy withdrawals on Thursday—losing roughly $200 million in a single day—but closed the week with a net inflow of about $93 million. Overall, investors had already pulled about $515 million out of crypto funds in the prior month.

Market drivers: price pressure and macro uncertainty

Bitcoin’s price slid below $76,000 last week, pressured by a combination of the $6.3 billion Binance hack, lingering uncertainty following the U.S. midterm elections, and a broader sell-off in technology stocks. At the time of reporting, spot BTC was trading near $74,049, hovering close to the $74,400–$75,000 support band.

Sentiment and technical indicators

Crypto analytics firm Bitfire Research flagged a drop in the Fear & Greed Index to 25 and noted a negative Coinbase Premium as signs of discounted Bitcoin prices. Analysts describe the market phase as a ‘break and bottoming’ process, where lower highs and increased volatility may precede stabilization.

What to watch next

Market participants are eyeing upcoming U.S. inflation data and messaging from the Federal Reserve as key catalysts. A sustained break below the $74,400–$75,000 support range could intensify selling pressure, while positive macro signals or renewed ETF demand would likely stabilize flows and BTC price action.

For investors tracking crypto fund flows, the concentrated outflows from IBIT and the ongoing macro risks underline the need for close monitoring of ETF redemptions, on-chain activity, and macroeconomic updates that can swiftly alter Bitcoin market dynamics.