BlackRock Bitcoin ETF outflows hit $1.66B over seven trading sessions
Summary
US spot Bitcoin ETFs continued to see withdrawals Monday. BlackRock’s IBIT lost $213 million, extending its outflow streak to seven days and bringing withdrawals since Oct. 30 to $1.66 billion. The wider Bitcoin ETF market lost $201 million, while US spot Ether ETFs saw about $185 million in outflows, their largest daily withdrawals since Oct. 6. Year-to-date Bitcoin ETF net withdrawals reached $1.1 billion, despite Coinbase’s national trust bank charter taking effect. Bitcoin was around $74,594, down 2.8% over seven days. Market sentiment improved slightly but remained in “Fear” territory. A trader said crypto’s weak response to Coinbase’s regulatory development contrasts with rising stocks and warned of a possible broader sell-off.
