# Crypto ETFs Face $1.3 Billion Weekly Outflows Amid Market Correction *Crypto · Crypto Desk · Published 2026-11-09T01:23:18Z* Canonical: https://amk.news/article/crypto-etfs-face-1-3-billion-weekly-outflows-amid-market-correction > Bitcoin and Ethereum exchange-traded funds recorded over $1.3 billion in weekly outflows as prices hit two-month lows. This downturn follows a broad tech market sell-off and rising correlations between crypto assets and traditional indices. ## Key points - Bitcoin and Ethereum exchange-traded funds recorded over $1.3 billion in combined weekly outflows as prices hit two-month lows. - Ethereum suffered from $343 million in long liquidations that dragged its price down to approximately $2,120 during the market correction. - The Chainlink Reserve recently acquired 94,500 LINK tokens while institutional investors withdrew capital from spot exchange-traded funds. - Market data shows Bitcoin hovering near the $73,708 to $76,000 range following the recent United States midterm elections. ## Why are Bitcoin and Ethereum ETFs experiencing significant capital flight? Bitcoin and Ethereum exchange-traded funds have recorded more than $1.3 billion in combined weekly outflows, marking a period of intense pressure for crypto-backed investment vehicles. This divestment, which represents the worst weekly performance for Bitcoin ETFs since June and the fourth consecutive month of high outflow volume, coincides with a broader market correction that has pushed Bitcoin and Ether to two-month lows. Analysts observe that this exit of capital is occurring alongside a general tech market sell-off, with data indicating that Bitcoin’s correlation with the S&P 500 has climbed to 0.80, suggesting the asset is increasingly trading in tandem with traditional technology equities. ## How deep is the impact of current liquidations on crypto prices? The market instability has triggered a wave of liquidations across major digital assets, with reports estimating that approximately $1 billion has been wiped from the broader crypto market. Ethereum has been particularly hard hit, suffering from $343 million in long liquidations that dragged its price down to approximately $2,120. While figures regarding ETF performance vary slightly across reporting entities—with some sources citing $412 million in Bitcoin outflows and $93 million in Ethereum outflows, while others note a $365 million loss for Ethereum over six consecutive weeks—the consensus remains that the post-midterm period has introduced significant volatility. _Watch: Crypto News Today: Bitcoin ETFs Flip Negative for 2026 After $1.28B Exodus (Nov 8, 2026) — Breaking Pulse_ > The convergence of a tech-sector correction and shifting macroeconomic expectations following the U.S. midterm elections has caused Bitcoin and Ethereum to shed value, pushing assets to price levels not seen in two months. ## What does the current price environment signal for crypto investors? Current market data shows Bitcoin hovering near the $73,708 to $76,000 range, marking a fifth consecutive week of losing momentum for the leading cryptocurrency. This period of uncertainty follows the recent U.S. midterm elections, which have influenced market sentiment and contributed to a decline in key fear gauges. Despite the prevailing downward trend, some market participants remain optimistic, with certain bulls maintaining forecasts of an 8% upside should technical levels stabilize. However, the consistent outflows from institutional-grade investment products suggest that investors are currently prioritizing risk management over speculative gains. ## How is the broader crypto landscape responding to institutional outflows? While U.S.-based spot ETFs report substantial capital withdrawal, other segments of the digital asset industry show mixed behavior. For instance, the Chainlink Reserve recently acquired 94,500 LINK tokens, signaling that some entities are utilizing the market dip to accumulate assets despite the broader outflows in the ETF space. As policymakers continue to deliberate on legislative frameworks, including progress on crypto assets bills in regions like Ukraine and the evaluation of U.S. political outcomes, institutional sentiment remains tied closely to the health of the wider tech sector and its reaction to post-election regulatory clarity. ### Market Snapshot AssetPrice24hMarket Cap Bitcoin BTC$74,927-1.02%$1506.9B Ethereum ETH$2,131-4.55%$260.4B BNB BNB$685.61-1.37%$90.2B XRP XRP$1.11-3.95%$70.8B Solana SOL$87.16-2.46%$51.5B Dogecoin DOGE$0.0692-2.97%$10.8B Cardano ADA$0.177-2.19%$6.6BLive data: CoinGecko — 2026-11-09 01:20 UTC --- Source: AMK News (https://amk.news). Reuse requires attribution and a link to the canonical URL.