Bitcoin ETFs Record Third-Largest Weekly Outflow at $1.2 Billion Despite Friday Rebound

U.S. spot Bitcoin ETFs suffered one of their most difficult weeks on record, posting nearly $1.2 billion in net outflows for the week— the third-largest weekly withdrawal since the products launched 22 months ago.

Key Takeaways from the Data

• Total weekly outflows reached $1.2 billion, continuing a six-week streak of redemptions.
• November’s cumulative outflows now stand at $3.79 billion (through Thursday), matching the previous monthly record set in February.
• Thursday alone saw more than $900 million in redemptions — the second-largest single-day outflow on record.
• Despite the heavy selling, several funds reversed course on Friday with notable inflows, led by Fidelity’s FBTC.

Data compiled by Farside Investors shows the pressure persisted even as Bitcoin staged a modest intraday recovery on Friday after touching its lowest level since April earlier in the session.

Context of the Six-Week Slide

The outflows coincide with a sustained decline in Bitcoin’s price, which has fallen roughly 33% from its October peak above $126,000. Contributing factors include:

• Shifting expectations around Federal Reserve policy
• Renewed concerns over elevated valuations in the AI sector
• Broader risk-off sentiment across equities and digital assets

Analysts note that while the magnitude of outflows is significant, Bitcoin has historically rebounded from similar or deeper drawdowns to reach new highs in subsequent cycles.

Friday’s Partial Reversal

Despite the bleak weekly picture, Friday saw a shift in sentiment, with several major Bitcoin ETFs recording strong inflows after days of consistent selling. This late-week turnaround highlights the volatile and often sentiment-driven nature of ETF flows during periods of price discovery.

In summary, spot Bitcoin ETFs logged their third-largest weekly outflow at $1.2 billion amid a six-week price decline, though Friday’s rebound in several funds offered a glimmer of changing investor behavior heading into the weekend.