Bitcoin and Ethereum ETFs See Combined Outflows of $1.46 Billion This Week, Extending Their Streaks of Weekly Net Outflows

$BTC  $ETH #ETF  #Bitcoin  #Ethereum #USPPIMissMayEaseBTCPressure 
U.S. spot Bitcoin ETFs recorded net outflows of about $1.07 billion this week (November 9–13), marking a third consecutive week of net outflows. According to data from Farside Investors, all five trading days this week saw net outflows. Since November 5, there have been seven consecutive trading days of net outflows, totaling about $1.91 billion.
The previous two weeks saw net outflows of about $200 million and $1.28 billion, respectively, bringing the total outflow over three weeks to about $2.55 billion. Spot Ethereum ETFs also recorded net outflows of about $400 million this week, marking a sixth consecutive week of net outflows.
BlackRock’s IBIT Sees $910 Million in Outflows in One Week
According to Farside data, there were net outflows of $201 million on Monday, $95 million on Tuesday, $300 million on Wednesday, $284 million on Thursday, and another $185 million on Friday.
BlackRock’s IBIT remained the main source of selling pressure, recording net outflows every day this week and totaling about $908 million—85% of all outflows. IBIT saw about $1.21 billion in outflows last week. Fidelity’s FBTC also recorded net outflows on three days this week, including $41.9 million on Friday.
Morgan Stanley’s MSBT was one of the few ETFs to move against the trend this week, recording net inflows every day from Monday through Thursday, for a total of about $54.4 million.
Year-to-date cumulative net outflows widen to about $1.89 billion
Based on Farside data, cumulative net outflows from spot Bitcoin ETFs since the start of the year have widened to about $1.89 billion. When last week’s report was published, the year-to-date total had only just turned negative, at around $830 million in net outflows.
Bitcoin continued to fall over the same period. According to CoinGecko data, Bitcoin dropped from about $75,800 on November 8 to around $67,200 on the evening of the 14th, Taiwan time, a weekly decline of about 11%. When it fell below $69,000 on the 13th, liquidations across the market totaled $1.47 billion, as reported earlier.
Market sentiment has also fallen to extreme fear. The Alternative.me Crypto Fear & Greed Index dropped to 13 on the 14th, down from 28 two days earlier.
Ethereum ETFs See Net Outflows for Six Straight Weeks, with About $400 Million This Week
Outflows from spot Ethereum ETFs have lasted even longer. According to Farside’s Ethereum ETF data, net outflows totaled about $399 million this week. The ETFs have now seen net outflows for six consecutive weeks, starting with the week of October 5, totaling about $2.28 billion over the six weeks. Year-to-date cumulative net outflows are about $795 million.
There were net outflows of $185 million on Monday, $145 million on Wednesday, and $70.5 million on Thursday. BlackRock’s ETHA saw about $311 million in outflows this week, accounting for nearly 80% of the total. A modest net inflow of $2.3 million on Friday, mainly from $11.6 million in inflows to Fidelity’s FETH, ended six consecutive trading days of net outflows.
According to CoinGecko data, Ether fell from about $2,240 on November 8 to around $1,905 on the evening of the 14th, Taiwan time, a weekly decline of about 15%—a larger drop than Bitcoin’s.
This article, “Bitcoin and Ethereum ETFs See Combined Outflows of $1.46 Billion This Week, Both Extend Their Streaks of Weekly Net Outflows,” first appeared on .
【Further Analysis】
【My Further Insights】
The continued, substantial outflow of institutional funds shows that traditional capital markets are becoming markedly more risk-averse toward crypto assets. BlackRock’s IBIT and ETHA are the main sources of selling pressure, reflecting large institutional investors’ phased profit-taking or portfolio rebalancing. The widely held expectation that “continued ETF inflows will provide an unlimited floor for cryptocurrencies” has temporarily failed. Amid changing expectations for macro liquidity or declining risk appetite, highly volatile assets are the first to face redemption pressure.
【Market Impact】
1. **Cryptocurrency market (BTC, ETH): Bearish.** Persistent outflows from spot ETFs directly weaken spot buying and trigger cascading liquidations of leveraged longs in the derivatives market. Ethereum’s six consecutive weeks of net outflows and steeper decline than Bitcoin show that confidence in ecosystem assets is more fragile. Prices may need more time to establish a short-term bottom.
2. **U.S. stock market: Neutral to bearish.** ETF outflows and falling crypto prices will directly weigh on crypto-related stocks, such as Coinbase, MicroStrategy, and crypto mining companies. If risk aversion spreads further, it could indirectly affect risk appetite for U.S. tech stocks and other high-beta assets.
3. **Taiwan Stock Market: Neutral.** Crypto ETF outflows have a limited impact on the fundamentals of the broader Taiwan stock market. Only board and graphics card-related stocks may face slight sentiment-driven headwinds, while their subsequent performance will still depend mainly on actual demand for AI servers and consumer electronics.
【What to Watch】
If outflows from BlackRock’s IBIT and ETHA slow significantly or even turn into net inflows, market sentiment may then have the conditions needed to stabilize. In addition, the Fed’s interest rate policy and changes in U.S. Treasury yields should be closely monitored. Whether macro liquidity improves will be key to institutional funds returning to the crypto market.
【Risk Warning】
The Fear and Greed Index has now fallen to an extremely low level, leaving the market highly vulnerable. If ETFs continue to see net outflows, investors should be alert to the risk of further sell-offs triggered by leveraged liquidations.