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BlackRock’s IBIT Bleeds $2 Billion in Nine Straight Days of Outflows

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BlackRock’s IBIT Bleeds $2 Billion in Nine Straight Days of Outflows

Bitcoin Magazine

BlackRock’s IBIT Bleeds $2 Billion in Nine Straight Days of Outflows

BlackRock’s iShares Bitcoin Trust (IBIT) lost another $269.7 million on Wednesday, its ninth straight session of redemptions, as U.S. spot bitcoin exchange-traded funds posted a fifth consecutive day of net outflows totaling $299.8 million.

Across the nine sessions since Oct. 30, IBIT has shed about $2 billion. The fund, the largest of the U.S. spot bitcoin ETFs, has seen money leave on every trading day so far in November.

The broader group has fared only slightly better. The 11 funds have lost about $1.44 billion over the past five trading days and roughly $1.88 billion in November, with outflows on seven of the month’s eight sessions. The lone exception was Nov. 4, when $74.6 million came in, even as IBIT itself bled $201.2 million that day.

IBIT accounts for about $1.77 billion of November’s outflows, or roughly 94% of the total.

Wednesday’s selling was concentrated. Besides IBIT, Grayscale’s GBTC lost $39.1 million, while Morgan Stanley’s MSBT was the only fund to take in money, about $9 million. The rest of the funds reported no flows.

The current run is not a record. Both the group and IBIT went 13 straight trading days without an inflow from May 15 to June 3, the longest outflow streaks of 2026. IBIT followed that with an 11-session streak from June 17 to July 2.

Still, the size of the recent withdrawals stands out. 3 million on Nov. 2 and $403 million on Nov.


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