Bitcoin spot exchange-traded funds (ETFs) recorded $1.22 billion in net outflows last week (Nov. 17–21, ET), marking their fourth consecutive week of redemptions, according to data from SoSoValue.The sustained outflows reflect continued risk-off sentiment across digital asset markets as Bitcoin struggles to reclaim the $90,000 level and institutional investors unwind positions amid macro uncertainty.BlackRock’s IBIT Leads Outflows With $1.09B LossBlackRock’s iShares Bitcoin Trust (IBIT) posted the largest outflow of the week:Weekly outflow: $1.09 billionHistorical cumulative inflow: $62.7 billionGrayscale’s GBTC followed with:Weekly outflow: $172 millionHistorical cumulative outflow: $25.03 billionThe combined selling pressure from IBIT and GBTC accounted for nearly 1.26 billion in redemptions — more than the total weekly net outflow — with inflows into smaller ETFs partially offsetting the losses.Two ETFs Show Strength: Bitcoin Mini Trust and BTCODespite the redemptions, two products posted meaningful inflows:1. Grayscale Bitcoin Mini Trust (BTC) Weekly inflow: $274 millionTotal historical net inflow: $1.951 billion2. Invesco & Galaxy Digital’s BTCOWeekly inflow: $35.8 millionTotal historical net inflow: $209 millionBoth ETFs continue to attract capital as investors rotate toward lower-fee or newly issued Bitcoin products.ETF Market Share and AUM SnapshotAs of press time:Total AUM of Bitcoin spot ETFs: $110.11 billionETF share of Bitcoin’s market cap: 6.53%Historical cumulative net inflows: $57.64 billionThis means U.S. spot Bitcoin ETFs now collectively hold over 6.5% of all Bitcoin in existence, despite sustained outflows in November.