US Spot Bitcoin ETFs Turn Net Negative in 2026 After Heavy Outflows

US spot Bitcoin exchange-traded funds have recorded net outflows of $502 million in 2026 through November 5, putting them on track for their first negative calendar year since launching in January 2024. The reversal occurred as $26.1 billion in redemptions overtook $25.6 billion in inflows, reducing total assets under management from $113.29 billion at year-end 2025 to $96.65 billion. Redemptions accelerated with $869.8 million pulled between November 2 and November 5, as Bitcoin tested the $75,000 level. The funds previously posted net inflows of $35.2 billion in 2024 and $21.4 billion in 2025.