BlackRock IBIT outflows logged a seventh straight day of withdrawals, accumulating $1.66 billion. US spot Bitcoin ETFs shed $201 million on Monday as year-to-date flows turned negative.
US spot Bitcoin exchange-traded funds experienced continued asset losses on Monday, marked by BlackRock’s iShares Bitcoin Trust (IBIT) recording its seventh consecutive session of net withdrawals. Farside Investors data shows the premier US Bitcoin ETF by assets lost $213 million, elevating its total redemptions since October 30 to $1.66 billion.
Total net outflows across the broader sector reached $201 million. Counterbalancing some of the widespread selling, Morgan Stanley’s Bitcoin Trust ETF (MSBT) pulled in $22 million of inflows. Over the past six trading sessions, US spot Bitcoin ETFs have shed approximately $1.5 billion. Year-to-date net withdrawals currently hover near $1.1 billion—a stark departure from the roughly $25 billion in net inflows seen by early November in both 2024 and 2025.
Outflows Slow but Direction Remains Negative
The $201 million outflow on Monday represented a decrease from Friday’s $412 million in net withdrawals. Additionally, sentiment indicators registered slight gains: the Crypto Fear & Greed Index climbed from 29 the day before and 26 a week prior to reach 32, though it stayed anchored in “Fear” territory.
Ether ETFs missed out on this relative reprieve. Spot Ethereum funds suffered roughly $185 million in outflows on Monday, marking their highest daily withdrawals since early October. Meanwhile, Bitcoin changed hands between $74,200 and $74,600, registering a 2–3% decline over the preceding seven days.
These ongoing redemptions occur against a backdrop of recent institutional and regulatory milestones. Coinbase’s US national trust bank charter recently took effect, an event that in past cycles would likely have bolstered risk appetite. Observers noted that the crypto market’s reaction was notably subdued compared to historical responses to comparable news.
What the Streak Signals About Investor Positioning
The seven-session withdrawal streak for IBIT underscores where recent selling pressure has concentrated. As the primary instrument for institutional and retail Bitcoin exposure via conventional brokerage accounts, the fund frequently magnifies broader shifts in market sentiment. When major holders or financial advisors scale back allocations, the effect appears first and most prominently in IBIT.
The turnaround in year-to-date figures is striking. Following two successive years of robust cumulative inflows, 2026 has delivered net withdrawals so far. Several catalysts appear to be at play: elevated macroeconomic uncertainty, equity market volatility linked to AI and technology equities, lingering caution following high-profile exchange security events, and an overarching contraction in risk appetite among select institutional allocators.
Not all funds face identical pressure. Niche products like the Morgan Stanley vehicle have occasionally attracted inflows even while flagship funds experience redemptions. This variance points to some investors shifting positions within the Bitcoin ETF ecosystem rather than abandoning the asset class entirely. Nevertheless, the aggregate flow trend remains negative.
Broader Market Context and Outlook
Bitcoin’s recent price trajectory has also periodically decoupled from traditional risk assets. Even as US equities registered gains on specific sessions, Bitcoin lagged behind, weighed down by ETF redemptions and other supply-side headwinds, such as reported liquidations by certain mining operations.
Inflows and outflows involving spot Bitcoin ETFs have evolved into one of the most reliable real-time barometers of institutional interest. Sustained outflows of this scale generally accompany phases of consolidation or further downside until sentiment recovers or new capital enters the market. Whether this current streak represents a brief consolidation or an extended de-risking phase rests on upcoming economic indicators, equity market trends, and shifts in broader risk tolerance.
Presently, the metrics are definitive: BlackRock’s flagship Bitcoin ETF is experiencing its most extended recent sequence of withdrawals, and the broader US spot Bitcoin ETF market has shifted into negative territory for the year.
Written by
Yuki Yamamoto
