BlackRock’s IBIT Records Biggest Bitcoin ETF Outflow Since June as Withdrawals Hit $398.6 Million
BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow since June on Monday, as US-listed spot Bitcoin exchange-traded funds (ETFs) began November with $398.6 million in combined net withdrawals, according to data from Farside Investors.
IBIT accounted for $405.3 million of the withdrawals, making it the main driver of the daily outflow. Fidelity’s Wise Origin Bitcoin Fund (FBTC) partially offset the selling pressure by attracting $6.7 million in inflows.
BlackRock IBIT Sees Largest Outflow Since June
The latest withdrawal from IBIT was its largest since June 26, when investors pulled $444.5 million from the fund. Monday’s figures added to a broader period of outflows from US spot Bitcoin ETFs following $515 million in net withdrawals across the products in October.
So far in 2026, US spot Bitcoin ETFs have recorded approximately $38 million in net outflows, according to the figures provided. The latest data indicate that withdrawals have continued into November, although the daily figures alone do not establish a broader long-term shift in investor sentiment.
Crypto Volatility Adds to Investor Uncertainty
The ETF withdrawals came amid heightened volatility across cryptocurrency markets following the reported $6.3 billion Binance hack.
Edwin Mata, CEO of tokenization company Brickken, cautioned against interpreting the withdrawals as a rejection of digital assets. In commentary published Monday, he said investors tend to reduce exposure when uncertainty increases, particularly after events that raise concerns about the security of market infrastructure.
“I wouldn’t interpret these outflows as a rejection of digital assets,” Mata said. “Investors reduce exposure when uncertainty rises, particularly after an event that raises questions about the security of market infrastructure.”
Bitcoin briefly fell below $76,400 on Monday, reaching its lowest level since August, according to CoinGecko. At the time of publication, the cryptocurrency was trading at around $76,600, down 3.7% over the previous seven days.
Spot Ether ETFs Extend Outflow Streak
US-listed spot Ether (ETH) ETFs also experienced significant withdrawals on Monday, recording approximately $140 million in net outflows, according to SoSoValue data.
The withdrawals extended the funds’ losing streak to six consecutive trading days. The latest figures followed a difficult October, when spot Ether ETFs registered a record $1.61 billion in monthly net outflows.
Both Bitcoin and Ether investment products therefore entered November facing continued redemption pressure. Whether the withdrawals persist will depend on subsequent fund flows and market conditions, while the available figures do not establish whether investors are abandoning digital assets more broadly.
source: cointelegraph
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Check out other news and articles on Google News
Disclaimer:
The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.