BlackRock Bitcoin ETF posts $1.66B outflows in seven days
BlackRock’s iShares Bitcoin Trust recorded $213 million in outflows Monday, extending its withdrawal streak to seven trading days and lifting total outflows since Oct. 30 to $1.66 billion.
BlackRock’s iShares Bitcoin Trust recorded $213 million in outflows Monday, Nov. 9, according to Farside Investors data. The withdrawals extended the fund’s outflow streak to seven trading days and brought the total since Oct. 30 to $1.66 billion.
The fund, which trades under the ticker IBIT, is the largest U.S.-listed spot Bitcoin ETF by assets. U.S. spot Bitcoin ETFs recorded $201 million in net outflows Monday. A $22 million inflow into the Morgan Stanley Bitcoin Trust ETF partly offset withdrawals from other funds.
The ETFs recorded about $1.5 billion in net outflows over the six trading sessions through Monday. Year-to-date net withdrawals reached $1.1 billion, compared with roughly $25 billion in net inflows by early November in both 2024 and 2025.
Monday’s outflows were below Friday’s $412 million. The Crypto Fear & Greed Index rose to 32 from 29 a day earlier and 26 a week earlier, remaining in the “Fear” range, according to Alternative.me.
U.S. spot Ether ETFs recorded about $185 million in outflows Monday, their largest one-day withdrawals since Oct. 6. Bitcoin traded at about $74,594 at the time of publication, down 2.8% over the previous seven days and slightly higher over the previous 24 hours, according to CoinGecko.
The ETF withdrawals continued after Coinbase’s U.S. national trust bank charter took effect Friday, Nov. 6. The charter allows the exchange to hold digital assets for clients under federal oversight.
Kevin Boeve, a trader and business development executive at tokenized real estate platform Palladium Network, described a gap between rising stock prices and falling cryptocurrency prices. “Stocks are up while crypto keeps falling, even with the big Coinbase news,” he said. “In the past, news like that would’ve sent crypto flying, but now it barely moves the needle.”
Boeve linked the divergence to the possibility of a correction in equities and a wider market sell-off.
Reviewed and fact-checked by Alex Panasenko on November 10.
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