BlackRock's Bitcoin ETF Sees $2 Billion Outflow in Nine Trading Sessions

The net outflow from the American spot Bitcoin-ETF iShares Bitcoin Trust (IBIT) by BlackRock reached $2.004 billion over nine consecutive trading sessions. According to Farside Investors, from October 30 to November 11, 2026, the fund did not record a single day with a positive net inflow. The last of these sessions saw an outflow of $269.7 million.

IBIT accounted for the majority of November's outflow

In the first eight trading days of November, approximately $1.77 billion was withdrawn from IBIT. This accounts for about 94% of the net outflow from all American spot Bitcoin-ETFs during the same period, totaling $1.88 billion. The largest daily outflows from IBIT in November occurred on November 2 and 6, amounting to $405.3 million and $403 million, respectively.

On November 4, all funds collectively received a net inflow of $74.6 million, although $201.2 million was withdrawn from IBIT on that day. This indicates that the movement of funds in different ETFs was not uniform.

Outflow from Bitcoin-ETFs reached $1.44 billion over five sessions

As of November 11, the total outflow from U.S. spot Bitcoin-ETFs amounted to $299.8 million. Besides IBIT, $39.1 million was withdrawn from the Grayscale GBTC fund, while Morgan Stanley's MSBT attracted $9 million. Over the five sessions from November 5 to 11, the total outflow reached approximately $1.44 billion.

Despite the reduction in investments, the accumulated net inflow in IBIT since its launch in January 2024 remained positive at about $64.5 billion. In 2026, it also remained in the black by approximately $2.45 billion.

What the outflows mean for Bitcoin

The increase in net redemptions reflects a weakening demand for fund shares during the observed period. Such operations can affect capital flows into Bitcoin, but they do not in themselves prove massive sales by all institutional investors and do not allow predicting the future price of BTC. The statistics pertain to the close of trading on November 11.