Key Highlights

  • US spot Bitcoin Exchange-traded funds recorded about USD 95 million of net outflows on Tuesday, November 10, 2026, extending the losing streak to four consecutive days.
  • The iShares Bitcoin Trust (NASDAQ:IBIT) accounted for roughly USD 78 million of those redemptions, its eighth straight session of withdrawals.
  • Bitcoin fell 1.25% to about USD 73,809 on Tuesday, near a three-month low, after a hotter-than-expected October Inflation report lifted Treasury yields.
  • US spot ether funds shed about USD 145 million over the same period, and bitcoin funds logged another outflow on Wednesday even as the token recovered to about USD 74,440.

How the Outflow Streak Built

The latest data shows institutional Demand for crypto exposure cooling at the same time that rate expectations have shifted sharply higher. Spot bitcoin ETFs, which became the main gateway for advisers and institutions after their approval, lost about USD 95 million on November 10. The iShares Bitcoin Trust (NASDAQ:IBIT), the largest product in the category, accounted for about USD 78 million of that total. Ether products have fared worse in relative terms, shedding about USD 145 million. Ether itself fell 3.43% on Tuesday to around USD 2,058 before edging up to about USD 2,068 on Wednesday. Bitcoin rebounded 1.12% on Wednesday to roughly USD 74,440, but that gain lagged a broad Equity rally in which the Nasdaq Composite rose 1.6%. Early Thursday, bitcoin was trading near USD 73,440, just above Tuesday's low.

The Macro Pressure Behind the Selling

The main driver is the rates outlook. October consumer prices rose 0.4% on the month against a 0.3% forecast, and core prices rose 0.3% against 0.2%. The two-year Treasury Yield jumped 17 basis points on Tuesday and the 10-year yield moved to about 4.98%. Futures markets now fully price a December rate hike by the Federal Reserve, with a minority of traders positioned for a half-point move, and roughly 60 basis points of tightening priced through March 2027. Corporate holders are also under scrutiny. An index provider has confirmed the removal of the largest corporate bitcoin treasury company from its benchmarks after the November 30 close, which may require passive funds to sell that stock. Some Bitcoin Mining companies have outperformed by pivoting to AI data centre hosting, with two names rising between 6% and 9% on Wednesday, but that has not translated into fresh demand for the token itself.

What to Watch for IBIT Holders

For investors in the iShares Bitcoin Trust (NASDAQ:IBIT), the share price tracks bitcoin closely, and the fund rose 1.34% on Wednesday to about USD 42.24. Flows matter because sustained redemptions remove a steady source of spot buying that had helped absorb Supply from miners and long-term holders. The streak could reverse quickly if inflation data cools or if the Fed signals a slower path of hikes. Key dates include the December 9 Fed decision, the November 17 Earnings report from the largest AI chipmaker, which has been driving risk sentiment, and the index deletion of the corporate bitcoin holder at month-end. Technically, traders are watching whether bitcoin holds above Tuesday's low near USD 73,000; a break below that level would mark a fresh three-month low and could prompt further de-risking. A return to daily inflows across the major spot funds would be the clearest sign that institutional appetite has stabilised.

Where Things Stand

Spot bitcoin ETFs lost about USD 95 million on November 10, 2026, their fourth straight day of outflows, and the iShares Bitcoin Trust (NASDAQ:IBIT) logged its eighth straight session of redemptions at about USD 78 million. Hot inflation data and a repricing toward Fed rate hikes are the main pressures. Bitcoin is holding near USD 73,500, just above its three-month low. A turn in rate expectations or a return of daily inflows would be the key sign of stabilisation.