BlackRock Bitcoin ETF Outflows Reach $1.66 Billion Over Seven Sessions
US spot Bitcoin ETFs face persistent withdrawal streak despite new regulatory developments for Coinbase.
1Consecutive Withdrawal Streak
BlackRock’s iShares Bitcoin Trust, known as IBIT, has experienced seven consecutive trading sessions of net outflows. Data from Farside Investors confirms that these withdrawals reached a total of $1.66 billion since October 30. On Monday alone, the fund recorded $213 million in outflows, marking a significant period of selling pressure for investors.
2Broader Market Impact
The wider US spot Bitcoin ETF market saw a net loss of $201 million on Monday. While the Morgan Stanley Bitcoin Trust ETF managed to attract $22 million in inflows, it was insufficient to offset the broader selling trend. Total net outflows for these funds reached approximately $1.5 billion over the last six sessions.
3Year-to-Date Performance Shift
Current market data indicates that year-to-date net withdrawals for these Bitcoin ETFs have hit $1.1 billion. This represents a sharp contrast to previous years, where net inflows reached roughly $25 billion by early November in both 2024 and 2025. This shift highlights a cooling interest in institutional spot Bitcoin investment vehicles.
4Ether ETF Divergence
While Bitcoin funds struggle, US spot Ether ETFs also faced significant pressure on Monday. Withdrawals from these funds accelerated to approximately $185 million, marking their largest daily outflow since October 6. This synchronized movement across different crypto-asset ETFs suggests a broader trend of capital exiting digital asset investment products during this period.
5Sentiment and Fear Index
Despite the ongoing outflows, the Crypto Fear and Greed Index showed slight improvement, rising to 32 on Monday from 29 the previous day. Although this remains within the 'Fear' territory, it is an increase from the reading of 26 recorded one week earlier, indicating a marginal change in overall investor sentiment despite price volatility.
6Regulatory News Impact
The market weakness persists even after Coinbase’s US national trust bank charter became effective last Friday. This regulatory milestone allows Coinbase to hold digital assets for clients under federal oversight. However, industry observers note that this news failed to trigger the expected positive price momentum, leaving many market participants questioning current asset valuations.
7Trader Perspective on Divergence
Kevin Boeve, a veteran trader at Palladium Network, highlighted a disconnect between rising stock markets and falling cryptocurrency prices. He noted that historically, major regulatory news like the Coinbase charter would have spurred significant gains. The current lack of reaction suggests to some analysts that a broader stock market correction might be looming.
8Future Market Outlook
Bitcoin traded at approximately $74,594 at the time of publication, reflecting a 2.8% decline over the past seven days. As outflows continue to dominate the narrative, investors are closely watching for signs of stabilization. The divergence between traditional equities and digital assets remains a critical indicator for potential shifts in global liquidity.