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US spot Bitcoin ETFs have witnessed over $2 billion in outflows in the past week — their second-worst withdrawal streak on record, according to data from Farside Investors. The consistent redemptions underscore growing investor caution amid macroeconomic uncertainty and ongoing regulatory pressures.
The latest data showed that on Wednesday, Nov. 5, spot Bitcoin ETFs recorded another $137 million in outflows, extending their losing streak to six consecutive trading sessions. The pullback, which began on October 29, has now wiped out $2.04 billion in total value.
The heaviest selling occurred on Tuesday, when investors redeemed $566 million, following earlier daily withdrawals of $470 million, $488 million, and $191 million.
According to Farside, this represents the second-largest series of outflows in the product’s history, trailing only the late-February sell-off, when more than $3.2 billion exited the market within a single week — including one-day redemptions of $1.11 billion and $757.8 million.
The recent downturn adds pressure to the spot Bitcoin ETF sector, which had seen strong inflows during “Uptober,” when Bitcoin briefly rallied past $100,000 before retreating on profit-taking and macro uncertainty.
While spot Bitcoin ETFs faced heavy redemptions, Ethereum ETFs also saw outflows on Wednesday, with $118.5 million withdrawn. Among issuers, BlackRock’s ETHA led the day’s withdrawals at $146.6 million, while Bitwise’s ETHW and VanEck’s ETHV remained largely stable.
This marks the sixth consecutive day of redemptions from Ether-based products, totaling $1.2 billion in withdrawals since late October. Despite the correction, cumulative inflows for Ether ETFs still exceed $13.9 billion, signaling sustained long-term interest in the asset.
In contrast, Solana ETFs bucked the bearish trend, attracting $9.7 million in fresh inflows on Wednesday — their seventh straight day of positive flows. Since launch, Solana-based products have accumulated $294 million, reflecting a growing appetite for alternative crypto assets among institutional investors.
“The divergence between Bitcoin and Solana ETFs underscores shifting investor sentiment toward diversification,” — Farside Analysts, in a market commentary.
Adding to the uncertainty surrounding spot Bitcoin ETFs, the US Supreme Court has opened hearings on former President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs. Several justices reportedly expressed skepticism about the scope of presidential trade powers, raising questions about future economic policy stability.
In a note shared with a source, Bitunix analysts warned that a ruling against Trump might not remove tariff-related risks altogether. “Judicial risk is beginning to seep into macro liquidity expectations, with the dollar showing short-term strength as safe-haven demand rises,” the firm noted.
Analysts said that if current tariffs are overturned, the US tariff rate could fall to 6.5%, offering slight relief to economic growth but potentially deepening fiscal concerns. This dynamic has contributed to renewed volatility across digital assets, with Bitcoin trading near $100,000 amid rising safe-haven flows into the US dollar.
The continued outflows from spot Bitcoin ETFs highlight broader investor hesitancy in the face of policy uncertainty and shifting market sentiment. Institutional players appear to be locking in gains after months of bullish momentum, suggesting a temporary cooling-off period rather than a full-scale retreat.
Market observers say the trajectory of spot Bitcoin ETFs will depend on upcoming economic data, Federal Reserve policy signals, and investor confidence in digital assets as a hedge against inflation and currency risk.
“These redemptions may represent profit-taking rather than panic,” — Market Strategist, Farside Investors.
Despite the downturn, many analysts believe the spot Bitcoin ETF market remains a key institutional gateway into digital assets. Long-term adoption trends, they note, are likely to remain intact as financial institutions deepen exposure to blockchain-based instruments.
As investors recalibrate portfolios ahead of year-end, the resilience of spot Bitcoin ETFs amid fluctuating sentiment will serve as a critical indicator of the crypto sector’s institutional maturity.
