U.S. cryptocurrency ETFs extend their losing streak, with Bitcoin funds recording $299.8 million in withdrawals and Ethereum products shedding $144.8 million as institutional selling pressure persists. U.S. spot Bitcoin and Ethereum exchange-traded funds recorded combined net outflows of $444.6 million on Wednesday, November 11, 2026, as investors continued withdrawing capital from cryptocurrency investment products. Bitcoin ETFs experienced $299.8 million in net redemptions, while Ethereum funds recorded $144.8 million in withdrawals, according to fund-level data published by Farside Investors.
Solana ETFs registered an additional $5.9 million in outflows, bringing combined withdrawals across the three categories to approximately $450.5 million. Complete XRP ETF figures were not available at the time of reporting. BlackRock accounted for most of Wednesday’s selling, with its Bitcoin and Ethereum products collectively recording $404.8 million in redemptions. The withdrawals continued a difficult period for cryptocurrency investment funds following substantial market declines and a broader reduction in investor risk appetite.
BlackRock’s IBIT Drives $299.8 Million Bitcoin ETF Outflow
Bitcoin ETFs experienced their fifth consecutive trading session of net withdrawals, accelerating from $95 million on November 10 to $299.8 million on November 11. BlackRock’s iShares Bitcoin Trust (IBIT) recorded $269.7 million in redemptions, accounting for approximately 90% of the category’s net outflow. Grayscale’s Bitcoin Trust (GBTC) contributed another $39.1 million in withdrawals, while Morgan Stanley’s Bitcoin Trust (MSBT) attracted $9 million in new investments. Other major products, including Fidelity’s FBTC, Bitwise’s BITB and ARK 21Shares’ ARKB, reported no net flows during the session.
BlackRock’s continued withdrawals are particularly significant because IBIT remains one of the largest institutional investment vehicles providing direct Bitcoin exposure. Despite the recent selling, cumulative net inflows into U.S. spot Bitcoin ETFs remained approximately $55.17 billion through November 11. However, sustained redemptions have reduced the pace of institutional capital accumulation and added uncertainty about near-term demand.
Ethereum and Solana ETFs Extend Withdrawal Streaks
Ethereum ETFs recorded $144.8 million in net outflows, reversing the relative stability observed on November 10, when withdrawals totaled just $1.3 million. BlackRock’s iShares Ethereum Trust (ETHA) led the decline with $129.8 million in redemptions, while its ETHB product lost another $5.3 million. Bitwise’s ETHW recorded $4.8 million in withdrawals, followed by Fidelity’s FETH at $4.1 million and Franklin Templeton’s EZET at $800,000. The latest session marked Ethereum ETFs’ fifth consecutive trading day of net outflows, bringing cumulative net inflows since launch to approximately $11.62 billion.
Solana ETFs also recorded continued selling, although withdrawals moderated from $13.4 million on November 10 to $5.9 million on November 11. Fidelity’s FSOL accounted for $3.8 million in redemptions, while Morgan Stanley’s MSOL recorded $2.1 million in outflows. The figures indicate that selling pressure is affecting several cryptocurrency ETF categories rather than Bitcoin alone. Nevertheless, ETF withdrawals should not automatically be interpreted as equivalent spot-market sales, as fund creations, redemptions and settlement arrangements can vary. With Bitcoin, Ethereum and Solana funds experiencing simultaneous outflows, the latest data suggest that institutional demand for cryptocurrency exposure remains under pressure as investors reassess market conditions.
