Bitcoin ETFs shed $2.35B in two weeks as BlackRock’s losing streak hits 11 sessions

Data from Farside Investors shows that spot Bitcoin ETFs shed $1.07 billion between Nov. 9 and Nov. 13, following $1.28 billion in outflows the previous week. The total outflows over the two-week period reached $2.35 billion, representing the largest weekly redemptions since late June.

Friday alone saw $185.4 million in net outflows, a decline from the previous days' figures. BlackRock’s IBIT accounted for $143.5 million of Friday’s withdrawals, while Fidelity’s FBTC shed $41.9 million. This marked the seventh consecutive trading session of net withdrawals, with about $1.71 billion redeemed since Nov. 5.

The sustained outflows coincided with broader market weakness as Bitcoin (BTC) fell below $70,000 on the same day.

BlackRock’s IBIT extends losing streak to 11 sessions

IBIT’s $143.5 million in net outflows on Friday extended the fund’s withdrawal streak to 11 consecutive trading sessions since Oct. 30. The latest losses brought IBIT’s total net outflows over the 11-session streak to about $2.35 billion.

IBIT shed $908.4 million during the latest week, following approximately $1.21 billion in withdrawals the previous week. Its November outflows reached $2.12 billion, accounting for roughly 90% of the broader Bitcoin ETF market’s net withdrawals during the month.