U.S. spot Bitcoin ETFs recorded $1.07 billion in outflows from Nov. 9 through Nov. 13, 2026, while spot Ethereum funds lost $398.85 million, according to SoSoValue. The withdrawals marked the second consecutive week in which investors pulled more than $1 billion from Bitcoin ETFs, taking two-week outflows above $2.3 billion.

Bitcoin ETF outflows totaled $1.28 billion in the previous reporting period. The latest withdrawals came as cryptocurrency prices declined and market participants debated the causes of the sell-off and the risk of further losses.

Bitcoin ETFs post outflows in every session

U.S. spot Bitcoin ETFs recorded negative flows in all five trading sessions during the week. Outflows were $201.08 million on Nov. 9, $95 million on Nov. 10, $299.9 million on Nov. 11, $284 million on Nov. 12 and $185.45 million on Nov. 13.

The largest daily withdrawal was the $299.9 million recorded on Nov. 11.

Ethereum ETFs lose nearly $399 million

U.S. spot Ethereum ETFs ended the week with $398.85 million in outflows, according to SoSoValue. The funds posted outflows in four of the five sessions, with the only inflow coming on Nov. 13, when they attracted $2.36 million.

The largest Ethereum ETF outflow was $184.51 million on Nov. 9. Investors withdrew another $144.81 million on Nov. 11.

Sweep points to selling without an obvious trigger

GlydeGG co-founder Sweep said the Bitcoin ETF withdrawals represented the most intense selling since May. In a Nov. 14 post, Sweep said there was no obvious negative event in the crypto market that explained the scale of the decline.

Sweep contrasted the latest sell-off with the May downturn, when concerns involving Michael Saylor, the STRC stablecoin depegging and quantum-computing risks weighed on the market. Sweep said Binance was operating as usual and Strategy was not selling its bitcoin, yet the market remained in a sharp decline.

Economist and cryptocurrency critic Peter Schiff said the average Bitcoin purchase price for investors in spot ETFs was about $77,000. He raised the prospect of further pressure if those investors decided to realize losses and exit their positions.

In a separate post, Schiff warned that if Ether fell below $1,600 over the weekend, it could drop to $1,000 as soon as Monday. He said such a move would amount to a “black Monday” for Ethereum ETFs and shares of BitMine, which trade under the ticker BMNR.

Most altcoin ETFs also record outflows

Among funds tied to other cryptocurrencies, SOL ETFs recorded $32.05 million in outflows. Withdrawals also reached $19.13 million for XRP ETFs, $30.72 million for ZEC ETFs, $4.33 million for HYPE ETFs and $1.36 million for NEAR ETFs.

DOT ETFs lost $0.99 million, LINK ETFs lost $0.71 million and HBAR ETFs lost $0.52 million.

Grayscale announced a Zcash advertising campaign, launched the Zcash Invest educational platform and allocated $1 million to ecosystem development, even as investors withdrew more than $15 million from the company’s Zcash ETF since early November.

AVAX ETFs were the only altcoin funds listed to post inflows, attracting $0.23 million. BNB, TRX and DOGE ETFs recorded no capital movement.

In Hong Kong, spot Bitcoin ETFs attracted 9.29 BTC, while SOL ETFs added 1,020 SOL. Wintermute analysts also linked weakness in crypto assets to macroeconomic uncertainty, reduced risk exposure and expectations that the Federal Reserve would raise interest rates in December.

Source: Incrypted