Seven Consecutive Trading Days See BlackRock's Bitcoin ETF Lose $1.66 Billion
BlackRock's IBIT experienced $1.66 billion in net withdrawals across seven consecutive trading sessions, while US spot Bitcoin ETFs collectively lost $201 million on Monday.
Spot Bitcoin exchange-traded funds listed in the United States continued their downward trajectory on Monday, with BlackRock's premier offering marking its seventh straight day experiencing investor withdrawals.
The iShares Bitcoin Trust (IBIT) from BlackRock, which holds the position as the largest US spot Bitcoin ETF measured by total assets, experienced $213 million in withdrawals during Monday's trading session. This extended a withdrawal pattern that began on Oct. 30, accumulating to a total of $1.66 billion in outflows, based on data published by Farside Investors.
Across the entire Bitcoin ETF marketplace, an additional $201 million exited the sector, though this figure was slightly cushioned by $22 million in positive flows entering the Morgan Stanley Bitcoin Trust ETF (MSBT). These investment vehicles have collectively witnessed approximately $1.5 billion in net redemptions throughout the last six days of trading activity.
These withdrawal figures push year-to-date net outflows to $1.1 billion, a stark contrast to the approximately $25 billion in net positive flows recorded by early November in the previous years of 2024 and 2025. This continued weakness in demand occurs even as Coinbase successfully activated its US national trust bank charter.
ETF outflows persist at a slower pace
The pace of withdrawals on Monday represented a deceleration compared to Friday's substantial $412 million exodus, even as the wider cryptocurrency market displayed indicators of improving investor sentiment.
The Crypto Fear & Greed Index registered an uptick to 32 from Monday's previous reading of 29, and compared to 26 recorded one week prior, according to data from Alternative.me. Nevertheless, the index continues to occupy the "Fear" category.
Meanwhile, withdrawals from US spot Ether ETFs gained momentum, reaching approximately $185 million on Monday, representing the most significant single-day outflow recorded since Oct. 6.
At the time of writing, Bitcoin was changing hands at roughly $74,594, reflecting a 2.8% decline across the preceding seven-day period, though showing modest gains during the most recent 24-hour timeframe, per data from CoinGecko.
Coinbase banking news meets muted crypto market response
Kevin Boeve, an experienced trader and business development executive working at Palladium Network, a platform specializing in tokenized real estate, highlighted the unusual gap between climbing stock market values and declining cryptocurrency valuations.
Stocks are up while crypto keeps falling, even with the big Coinbase news. In the past, news like that would've sent crypto flying, but now it barely moves the needle.
Kevin Boeve, Palladium Network
Boeve's comments addressed Coinbase's newly effective national trust bank charter, which became operational on Friday, granting the exchange the authority to custody digital assets for clients under federal regulatory supervision. The market analyst characterized this divergence as a cautionary signal, forecasting a significant stock market correction that has the potential to develop into a more extensive market-wide downturn.