U.S. Spot Bitcoin ETFs are in the middle of a heavy institutional cash withdrawal.
Key Flow Highlights
7-Day Outflow Streak: U.S. spot Bitcoin ETFs recorded a net outflow of $185.4 million on Friday, November 13, 2026, marking the seventh consecutive day of negative flows.
Cumulative 7-Day Exodus: Over the last seven trading sessions, investors pulled a total of roughly $1.91 billion out of spot Bitcoin funds.
BlackRock Drag: BlackRock's iShares Bitcoin Trust (IBIT) led the selling, recording $143.5 million in net outflows on November 13. Fidelity’s Wise Origin Bitcoin Fund (FBTC) accounted for the remaining $41.9 million.
Historical Context: Despite the recent drawdown (which pushed the 2026 year-to-date net flow balance into negative territory), the cumulative net historical inflows into spot Bitcoin ETFs since launch remain robust at ~$54.8 Billion.
Issuer Flow Breakdown (Latest Daily Session - Nov 13)
ETF Issuer / Ticker Net Flow (USD) BlackRock (IBIT) -$143.5M Fidelity (FBTC) -$41.9M Grayscale (GBTC) $0.0M Bitwise (BITB) $0.0M ARK 21Shares (ARKB) $0.0M Morgan Stanley (MSBT) +$3.3M (Nov 12) All Other Issuers $0.0M Total Daily Net Flow -$185.4M
What Is Driving the Outflows?
Risk-Off Macro Environment: Recent hot inflation signals (CPI/PPI dynamics) and persistent high yields have shifted institutional capital away from speculative risk assets.
Profit-Taking & De-leveraging: Institutional holders are locking in gains and reducing directional exposure following Bitcoin’s rejection from its upper resistance levels near $75,000–$80,000.
Derivatives Positioning: The outflow trend closely reflects spot selling pressure, which has coincided with liquidation events across perpetual futures markets.