U.S. spot crypto funds extended their retreat into a second straight week, with Bitcoin and Ethereum ETFs together surrendering close to $1.5 billion in net assets as the underlying tokens slid to multi-week lows.

Spot Bitcoin ETFs posted $185.4 million in net outflows on Friday, the seventh consecutive trading day of redemptions, according to Decrypt’s ETF tracker. That brought the week’s haul to about $829 million after roughly $1.3 billion departed the prior week, lifting November’s total withdrawals to around $2.1 billion. Data compiled by SoSoValue put the two-week tally at $2.35 billion, with only one positive session across the first ten business days of the month.

Cumulative net inflows since the funds launched in January 2024…