U.S. Crypto Funds Record $1.48 Billion in Outflows

Key Facts

U.S. spot cryptocurrency funds recorded net outflows of $1.48 billion during trading sessions from Nov. 4 to 10, 2026, according to data cited by BeInCrypto. Bitcoin funds accounted for the largest share, with net outflows of $1.06 billion over the same period. Spot Ethereum funds also lost $326 million. Outflows extended to altcoin fund groups, including Solana, XRP, Hyperliquid and Zcash. The four groups recorded combined outflows of $89.4 million. All six crypto asset fund groups covered by the data posted net outflows during the period.

The exodus was more concentrated in Bitcoin and Ethereum, whose combined losses exceeded the outflows recorded by the four altcoin groups. Bitcoin and Ethereum funds recorded inflows on only one day of the period, Nov. 4, according to BeInCrypto. For the rest of the period, from Nov. 5 to 10, neither category recorded another day of net inflows. The figures show a divergence between major cryptocurrencies and altcoin groups over the period, but do not by themselves establish a broad or lasting shift in investor appetite. Flows alone are also insufficient to prove that institutional demand declined or that market sentiment decisively shifted toward selling.

Crypto fund outflows coincided with large inflows into U.S. equity funds. Ten major U.S. equity funds attracted $37.5 billion over the same five trading days, according to data cited by BeInCrypto. The comparison places crypto fund activity in the context of differing flow directions across the two asset classes over the same period. But it does not establish whether money withdrawn from crypto products moved into equity funds. The figures offer no causal explanation for the divergence between the two asset classes.

Year to date through Nov. 11, 2026, combined net flows for Bitcoin and Ethereum funds stood at negative $2.25 billion. By contrast, the four altcoin fund groups remained positive, with net inflows of $1.75 billion from the start of the year through the same date, according to BeInCrypto. This annual balance shows a divergence between flows into funds tied to the two major cryptocurrencies and those linked to altcoins. It provides a broader context than the week that ended Nov. 10. It does not change the fact that all six fund groups recorded outflows during the main period.

In a separate earlier context, a report published by The Block on Nov. 6 linked declines in crypto and equity markets after the U.S. midterm elections to concerns about the impact of Democratic control of Congress on investment in artificial intelligence and technology infrastructure. The report quoted an analyst as saying that more than $1 billion in leveraged crypto positions had been liquidated over 24 hours. That referred to a report and context dated Nov. 6, and is not a confirmed explanation for the aggregate outflows from Nov. 4 to 10. In another report on the week ended Nov. 6, The Block said BlackRock’s IBIT fund accounted for 88% of gross outflows on Friday. The report said $403 million left the fund that day.

The Block said in a report published on Nov. 7 that Solana and Hyperliquid funds had recorded their fifth consecutive week of outflows through the week of Nov. 6. The report described this as the longest weekly negative streak for each fund since trading began. That earlier context provides background for altcoin fund activity over the more recent period, but concerns weeks that ended before the Nov. 4 to 10 window was complete. BeInCrypto data for the later period recorded combined outflows of $89.4 million from Solana, XRP, Hyperliquid and Zcash funds. The latest data do not specify the separate outflow amount for each of the four groups.

In earlier background, a filing by the Invesco Galaxy Bitcoin Fund with the U.S. Securities and Exchange Commission said the fund’s share price rose from $58.41 on June 30, 2026, to $83.15 on Sept. 30. The fund’s market return in the third quarter was 42.35%, according to the filing. The fund linked the third-quarter recovery to renewed investment demand through U.S. spot-traded products, improved liquidity, a weaker dollar and increased Treasury buybacks. The filing covers the third quarter, before the outflows recorded from Nov. 4 to 10. It therefore provides context for an earlier market development, not a direct explanation for fund activity in the more recent period.