Reporting · markets
Spot Bitcoin ETFs see largest weekly outflows since June
Spot Bitcoin ETFs shed $1.28 billion in the week, while Ethereum funds extended a run of weekly outflows to six.


Quick take
- Spot Bitcoin ETFs recorded their largest weekly outflows since June, totaling $1.28 billion.
- Bitcoin fell to a seven-week low below $75,000 on Friday as outflows mounted through the week.
- Withdrawals hit both bitcoin and ether funds, so the pullback covers both bitcoin and ether funds.
CryptoPotato reported that spot Bitcoin ETFs logged their largest weekly outflows since June. The week also followed a major Binance hack and the US midterm elections, and the flow figures are sourced from SoSoValue.
Flows swung sharply within the week. Outflows reached $400 million on November 2 and $115.56 million on November 4. Wednesday brought inflows of $74.57 million, a day when bitcoin rallied near $81,000. Thursday and Friday then saw outflows of $430 million and $412 million, according to the same data.
Bitcoin fell to a seven-week low below $75,000 on Friday. Ethereum ETFs recorded weekly outflows just over $365 million, their sixth consecutive weekly outflow period. Those funds posted October outflows of $1.61 billion, a record for the month, and their cumulative inflows have fallen to $11.92 billion. Ether traded below $2,250 after a 10% monthly drop, and its slide came alongside the bitcoin decline in the same period.
Sources
Machine-written from the publishers’ reports and checked against them · How Dextape writes
Mentioned in this story
CoinGecko last prints. Not a Dextape quote.





