Bitcoin ETF Outflows Hit $1.28B and Erase 2026 Gains
Bitcoin ETF outflows hit $1.28 billion this week, the worst since late June. The Block, using SoSoValue data, says that wiped out the funds’ 2026 gains. Daily numbers reported by The Crypto Times match.
How the bitcoin ETF outflows added up
First, the 12 US spot funds lost $398.6 million on Monday and $115.6 million on Tuesday. Then Wednesday was the only inflow day, at $74.6 million. After that, Thursday lost $430.2 million and Friday lost $411.9 million. Overall, it was the second negative week in a row, after $202.6 million the week before.
For example, BlackRock’s IBIT took most of the pain on Friday. It lost $403 million, about 88% of gross outflows that day. Meanwhile, Fidelity’s FBTC added $42.8 million. The Block says the funds started the week about $368 million up for 2026. They ended Friday about $914 million down. However, other trackers use different cutoffs, so that year-to-date figure varies by source.
Ether and Solana funds bled too
Ether ETFs lost $365.3 million, their sixth negative week in a row. Also, spot Solana ETFs lost $26.3 million, a fifth straight week. In addition, The Block ties the selling to a broader slide after Tuesday’s US midterm elections and doubts over AI spending. Bitcoin fell 5.6% on Thursday and traded near $75,880 on Saturday morning.
What the outflows mean for miners
Miner math: what a weak bitcoin price does to your margin
Here is the live maths on November 7. Bitcoin is $75,742 and the network is 1006 EH/s, so hashprice is about $34.13 per petahash per day. That is what one PH/s of hashing earns before power.
| Machine | 5c/kWh | 8c/kWh | 12c/kWh | Break-even |
|---|---|---|---|---|
| Antminer S19 (95 TH/s, 3250 W) | -$0.66 | -$3.00 | -$6.12 | 4.2c |
| Antminer S19k Pro (115 TH/s, 2645 W) | $0.75 | -$1.15 | -$3.69 | 6.2c |
| Antminer S19 XP (141 TH/s, 3010 W) | $1.20 | -$0.97 | -$3.86 | 6.7c |
| Antminer S21 Pro (234 TH/s, 3510 W) | $3.77 | $1.25 | -$2.12 | 9.5c |
Numbers are profit per day after electricity, at the three power prices shown. Break-even is the most you can pay per kilowatt-hour before the machine loses money. Specs are the manufacturer ratings; network data comes from mempool.space. Try your own power price in our free bitcoin mining profit calculator. See what these machines really sold for in our used ASIC miner price index. Want to run the same numbers on a machine you can buy today? See our used ASIC miners, or buy several at once through bulk lots.
If bitcoin falls another 10%: the break-even power price on an S19k Pro falls from 6.2 to 5.6 cents per kilowatt-hour. At 8 cents, daily profit goes from -$1.15 to -$1.55.
Our read is simple. Fund selling does not change difficulty. But it moves price, and therefore it moves hashprice. So look at the table above. If your power costs 8 cents, check whether your machine still clears break-even at today’s price and at 10% lower. Unfortunately, many do not. For where the price may head, see our Bitcoin price prediction.
If the maths turns against you, we buy used rigs: see we buy used miners. Likewise, buyers can browse all miners, because weak prices usually mean better deals.
-Nick
ING Mining
This is general information, not financial advice. Crypto is volatile, and exchanges can fail. Please do your own research.
How this story was made: drafted with the help of AI tools from public sources, then edited by Nick Squires. See our editorial policy. Spot an error? Email ns@ingmining.com.