Bitcoin ETFs Bleed $1.4B in Five Days as Investors Cut Risk

US spot Bitcoin exchange-traded funds saw five consecutive days of net withdrawals as investors reduced exposure to risk assets after a volatile week. The outflows matter because they point to weaker demand for Bitcoin, although analysts say the figures alone do not prove that investors have abandoned it as a long-term investment.

The funds lost $1.44 billion from 5 to 11 November, including $299.9 million on Wednesday, taking November’s outflows to $1.88 billion. Their net assets have fallen to $93.7 billion, around 45% below an October 2025 peak; Bitcoin was trading at $73,358, while an analyst estimated ETF holders’ average purchase cost at about $81,000. Analysts also cited shrinking stablecoin supply and less attractive trading strategies as signs that fresh buying demand may be limited, while one ETF analyst noted that gold funds have recovered from past investor withdrawals.