INSTITUTIONAL | The Largest Spot Bitcoin ETF Sees Record Outflows After Historic Crypto Hack - BitKE
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $213 million in net outflows on Monday, extending its withdrawal streak to seven consecutive trading sessions.
The withdrawals on November 9 brought the year-to-date net outflows for U.S. spot Bitcoin ETFs to approximately $1.1 billion, according to Farside Investors data.
The outflows on Monday were slower than the $412 million recorded on Friday, November 6, but they underscore a significant shift in investor sentiment.
BlackRock’s iShares Bitcoin Trust is the largest spot Bitcoin ETF, and its record outflows reflect the broader market’s reaction to recent events.
Market-wide withdrawals
U.S. spot Bitcoin ETFs saw a combined $201 million in net outflows on Monday, despite a small $22 million inflow into Morgan Stanley’s Bitcoin Trust ETF.
The pressure has also spread to Ether investment products, which recorded approximately $185 million in outflows, their largest daily withdrawals since October 6.
This marks a stark reversal from 2024 and 2025, when U.S. spot Bitcoin ETFs had attracted roughly $25 billion in net inflows by early November in each year.
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