BlackRock's Bitcoin ETF extends outflow streak to $1.66 billion over seven sessions
BlackRock's iShares Bitcoin Trust (IBIT) recorded withdrawals for a seventh straight trading session on Monday, according to Farside Investors data reported by Cointelegraph. An ETF, or exchange-traded fund, is an investment fund traded on stock exchanges that in this case holds Bitcoin.
The fund, the largest US spot Bitcoin ETF by assets, lost $213 million on Monday. That brought total withdrawals since Oct. 30 to $1.66 billion.
Key numbers from the outflow streak
- IBIT posted $213 million in outflows on Monday, its seventh consecutive day of withdrawals.
- Total IBIT outflows since Oct. 30 stand at $1.66 billion.
- The broader US spot Bitcoin ETF market shed $201 million on Monday.
- $22 million in inflows to the Morgan Stanley Bitcoin Trust ETF (MSBT) partially offset the losses.
- The funds have recorded roughly $1.5 billion in net outflows over the past six trading sessions.
- Year-to-date net withdrawals now total $1.1 billion.
Outflows slow, but sentiment stays weak
Monday's outflow pace was slower than Friday's $412 million, though the withdrawals continued. The Crypto Fear & Greed Index, a measure of market mood, improved to 32 from 29 on Monday and 26 a week earlier, according to Alternative.me. It remains in "Fear" territory.
Outflows from US spot Ether ETFs accelerated to about $185 million on Monday, their largest daily withdrawals since Oct. 6, per SoSoValue data.
Bitcoin traded at approximately $74,594 at the time of publication, down 2.8% over the past seven days but up slightly over the previous 24 hours, according to CoinGecko.
Banking news fails to lift the market
The withdrawals have continued even after Coinbase's US national trust bank charter took effect on Friday. 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, told Cointelegraph the muted reaction stands out. "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 called the divergence between rising stocks and falling crypto prices a warning sign. He predicted a major stock market correction that could escalate into a broader sell-off. This is his opinion, not a confirmed forecast.
What is confirmed
The outflow figures come from Farside Investors and SoSoValue data as reported by Cointelegraph. The confirmed picture: IBIT has had seven straight days of withdrawals totaling $1.66 billion, the wider US spot Bitcoin ETF market is in net outflow for the year at $1.1 billion, and Ether ETF outflows hit their largest daily amount since Oct. 6.
Why it matters
Spot Bitcoin ETFs let traditional investors gain Bitcoin exposure through regular brokerage accounts, so their flows are a widely watched signal of institutional demand. The comparison in the source material underlines the shift: in both 2024 and 2025, these funds had roughly $25 billion in net inflows by early November, against this year's $1.1 billion in net withdrawals.
The persistent outflows despite positive regulatory news, such as Coinbase's trust charter, suggest the market is not responding to such developments the way it has in the past.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
