U.S. spot Bitcoin ETFs recorded $1.44 billion in net outflows over five consecutive days from November 5 to November 11, according to SoSoValue data. The source does not give a year for that period. The outflows were about 2.6% of the funds’ $55.1 billion in cumulative net inflows, which HashKey researcher Tim Sun said was far from a full-scale retreat.
The funds’ net assets fell to $93.7 billion, about 45% below their October 2025 peak of $169.5 billion; both outflows and falling prices contributed. Analysts said a shortage of new buyers was a concern, but Sun said the outflows did not establish that Bitcoin’s long-term investment case had reversed.
