US spot crypto exchange-traded funds (ETFs) recorded net outflows of $1.48 billion between November 4 and 10, 2026, according to data cited by BeInCrypto. During the same period, investors added $37.5 billion to ten of the largest US stock ETFs, indicating a clear divergence between capital flows in digital assets and traditional equity markets.
Outflows from crypto ETFs accelerate
The recent withdrawal from crypto funds was distributed primarily across leading assets. Bitcoin funds accounted for $1.06 billion of the net outflow, while Ethereum funds lost $326 million. In addition, ETFs tracking Solana, XRP, Hyperliquid, and Zcash saw combined outflows of $89.4 million.
This sharp divergence emerged after a turbulent period for global markets. On November 5, the S&P 500 suffered its largest decline since April 2025, with around $3 trillion wiped from US tech stock valuations. Amid the volatility, buyers quickly returned to stock ETFs, led by Vanguard’s S&P 500 ETF (VOO), which saw $16.9 billion in inflows, and Invesco’s Nasdaq 100 ETF (QQQ) with $5.3 billion.
Over the same five-day window, BeInCrypto, referencing SoSoValue data, observed that investors continued to redeem holdings from crypto ETFs, while equity ETFs saw persistent buying.
BeInCrypto reported that outflows from US spot crypto ETFs reached $1.48 billion between November 4 and 10, 2026, while the ten largest US stock ETFs drew $37.5 billion in inflows during this period.
Market context and timeline
According to BeInCrypto’s timeline, Bitcoin and Ethereum ETFs saw inflows only on November 4 before redemptions resumed for the rest of the week. By November 11, outflows from Bitcoin ETFs totaled $299.9 million for the day and roughly $1.44 billion over the previous week, according to Decrypt.
BeInCrypto noted that, as of November 11, year-to-date flows for Bitcoin and Ethereum ETFs were negative by a combined $2.25 billion. Despite the widespread redemption trend, four altcoin ETF groups still showed a net positive of $1.75 billion for 2026 through the same date, though Solana funds had not recorded a single inflow day since October 21.
Overlapping measurement periods have been reported. For example, The Block estimated Bitcoin ETF outflows at $1.28 billion for the week ending November 6, marking the sharpest weekly loss since June, leaving net 2026 flows down by $914.1 million at that point.
Mini dictionary: SoSoValue is a financial analytics platform that tracks real-time flows into and out of exchange-traded funds, including both stock and cryptocurrency products. It provides data for institutional and retail investors seeking insights into fund demand and allocation trends.
| Asset/Fund | Change (Nov 4-10, 2026) | Year-to-Date Flow (as of Nov 11, 2026) |
|---|---|---|
| Spot Crypto ETFs (all) | -$1.48 billion | – |
| Bitcoin ETFs | -$1.06 billion | -$2.25 billion (with Ethereum ETFs) |
| Ethereum ETFs | -$326 million | See above |
| Solana, XRP, Hyperliquid, Zcash ETFs | -$89.4 million | +$1.75 billion (four altcoins combined) |
| Top 10 US Stock ETFs | +$37.5 billion | – |
| VOO (Vanguard S&P 500 ETF) | +$16.9 billion | – |
| QQQ (Invesco Nasdaq 100 ETF) | +$5.3 billion | – |
Price action and risk sentiment
Net redemptions corresponded with price declines across top cryptocurrencies. BeInCrypto’s weekly performance snapshot showed Bitcoin falling 9.93% to $68,439, Ethereum declining 14.26% to $1,924.99, XRP down 15.77% at $1.02, and Solana losing 12.08% to $78.99. Zcash registered the most significant drop, falling 28.56% during the same interval.
A separate CoinGecko update published on November 13 listed Bitcoin at $68,669, down 9.36% for the week, Ethereum at $1,934.43, and Solana at $79.83. The Crypto Fear & Greed Index measured 20 out of 100 on November 13, indicating ‘Extreme Fear’ among investors, as reported by Alternative.me.
Tim Sun, senior researcher at HashKey, explained to Decrypt that the recent five-day Bitcoin ETF outflows represented about 2.6% of the products’ $55.1 billion net inflows. He estimated the average cost basis for the funds’ Bitcoin holdings at $81,000, and stressed that the size of outflows alone does not indicate a decisive shift in longer-term allocation strategies.
Tim Sun said that the scale of the recent ETF withdrawals was limited compared to overall net inflows, and did not by itself mark a change in long-term Bitcoin investment outlooks.
Signals and outlook
Market analysts point to the return of daily inflows into crypto ETFs as a potential indicator that institutional buyers are stepping back in. BeInCrypto identified $67,000 as a technical support level for Bitcoin after it fell below its 200-day moving average. However, analysts describe these levels as references, not guaranteed price floors.
Elsewhere, analysts noted that traders have broadly priced in a Federal Reserve interest rate increase for December after higher inflation data in October. However, no change has yet been confirmed by the Fed, and the broader market remains sensitive to policy shifts.
For now, the divergence in fund flows highlights the different risk appetites between crypto and equity investors following market volatility. Prior fund flows and price trends provide perspective, but do not assure any future performance.
