Bitcoin price: Bitcoin ETFs shed $1.3B in steepest weekly outflow since late June
US spot Bitcoin exchange-traded funds (ETFs) recorded $1.28 billion in net outflows last week, their biggest weekly withdrawals since late June. According to SoSoValue, the withdrawals brought the funds' net outflows for the year to around $919 million.
In this article
In today's Bitcoin price news, US spot Bitcoin exchange-traded funds (ETFs) recorded $1.28 billion in net outflows last week, their biggest weekly withdrawals since late June, according to Cointelegraph. According to SoSoValue, the withdrawals brought the funds' net outflows for the year to around $919 million.
Key points
- Bitcoin slipped below $76,000 last week as market players digested the fallout from Binance's $6.3 billion hack.
- According to Farside Market participants data, BlackRock's iShares Bitcoin Trust (IBIT), the world's biggest spot Bitcoin ETF by assets.
- IBIT accounted for around 95% of the weekly total reported by SoSoValue.
- Fidelity's Wise Origin Bitcoin Fund (FBTC) drew around $93 million in net inflows for the week.
- Shifting expectations for US borrowing costs, lack of clarity after the midterms and weakness in technology equities weighed on crypto markets.
Bitcoin price: the details
Bitcoin slipped below $76,000 last week as market players digested the fallout from Binance's $6.3 billion hack, lack of clarity after the US midterm elections and a sell-off in technology equities. According to Farside Market participants data, BlackRock's iShares Bitcoin Trust (IBIT), the world's biggest spot Bitcoin ETF by assets, recorded $1.21 billion in net outflows last week. IBIT accounted for around 95% of the weekly total reported by SoSoValue.
Fidelity's Wise Origin Bitcoin Fund (FBTC) drew around $93 million in net inflows for the week, in spite of losing almost $200 million Thursday. Shifting expectations for US borrowing costs, lack of clarity after the midterms and weakness in technology equities weighed on crypto markets, Bitfire Research noted in an official release shared with Cointelegraph.
Why Bitcoin price matters for traders
Crypto markets trade around the clock and react quickly to regulation, ETF flows, liquidity conditions and broader risk sentiment. Moves in Bitcoin often set the tone for the rest of the digital-asset market.
Changes in interest-rate expectations and institutional flows have become major drivers of crypto prices, linking them more closely to traditional markets.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-09 08:24 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,250.00 | -2.16% | 76,200.00 | 73,510.00 |
| Ethereum (ETH) | 2,109.80 | -5.73% | 2,246.00 | 2,060.00 |
| Solana (SOL) | 86.58 | -2.89% | 90.01 | 85.02 |
What to watch next for Bitcoin price
Watch for ETF flow data, regulatory news, large on-chain movements and shifts in overall risk appetite in stock markets.
Follow every update in our Top 10 Crypto News Today, read Bitcoin price: TBTC bridge partially resumes as $120M Aave reserve is still frozen or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
US spot Bitcoin exchange-traded funds (ETFs) recorded $1.28 billion in net outflows last week, their biggest weekly withdrawals since late June.
What moves the price of Bitcoin?
Bitcoin reacts to institutional and ETF demand, regulation, liquidity and interest-rate expectations, as well as general risk sentiment in financial markets.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
