Crypto ETFs Shed $1.5B Over Nov. 9-13 as Bitcoin Funds Lead Withdrawals

BlackRock's iShares Bitcoin Trust (IBIT) accounted for most of the drain, with $908.4 million in outflows over the five sessions according to Crypto.news. Fidelity's FBTC lost $111.3 million over the same period, while Morgan Stanley's MSBT attracted $54.4 million. On Friday specifically, Crypto Briefing reported that IBIT and FBTC together accounted for every dollar of Bitcoin fund outflows, with IBIT at $143.5 million and FBTC at $41.9 million.

Bitcoin traded between roughly $68,000 and $73,000 during the period, and Crypto.news reported it fell below $69,000 on Nov. 13.

Ethereum Funds: A Late Recovery

Ethereum ETFs lost $398.9 million across the week, about 9.2% above the prior week's $365.2 million, according to Crypto.news. BlackRock's ETHA accounted for $311.1 million of that total. Grayscale's ETH recorded $43 million in net withdrawals, and BlackRock's ETHB shed $25 million.

Ethereum funds ended Friday with a small net inflow. Crypto.news put it at $2.3 million, breaking a six-session run of withdrawals, while Crypto Briefing reported $2.36 million. The difference is within the range of tracker variance both outlets noted. Fidelity's FETH drew $11.6 million on Friday but still lost $12.1 million across the full week.

Crypto Briefing read the modest inflow as a possible hint of shifting sentiment toward other assets. Its own framing cautioned that one day of data is not a trend.

Smaller Funds and Cumulative Context

Solana funds recorded $32 million in net outflows, up from $25 million the prior week, with no individual fund finishing the week positive. Zcash's ZCSH lost $30.8 million, compared with $13 million the previous week. Hyperliquid funds lost $4.4 million, concentrated in two products.

On a cumulative basis, the two sources differ in emphasis. Crypto.news reported Bitcoin ETFs have shed $2.347 billion across the two November trading weeks, yet Farside's lifetime net-flow total remained positive at about $54.7 billion through Nov. 13. Crypto Briefing gave a lifetime figure of roughly $54.8 billion to $55 billion and described the current drain as under 4% of that total.

Crypto Briefing also noted that the concentration of outflows in the two largest products may point to selling from a specific class of holder rather than a broad exit across all funds. Both sources describe the moves as reflecting investor caution during a period of Bitcoin price volatility, though neither attributes the selling to a single cause.

Why It Matters

For Traders

Seven straight days of Bitcoin ETF outflows concentrated in IBIT and FBTC is worth tracking into the next sessions, since continued large-fund selling has coincided with the recent price weakness below $69,000.

For Investors

Lifetime net inflows into US spot Bitcoin ETFs remain above $54 billion despite two weeks of heavy withdrawals, a sign that the recent drain is a small share of total capital gathered since launch.

For Builders

Concentration of flows in a handful of issuers means product-level liquidity and creation/redemption dynamics matter more than sector-wide trends for anyone building on or routing through these funds.