BlackRock Bitcoin ETF outflows hit $1.66B over seven trading sessions

US spot Bitcoin ETFs shed $201 million Monday, with seven straight sessions of net withdrawals from BlackRock’s IBIT totaling $1.66 billion.

US-listed spot Bitcoin exchange-traded funds (ETFs) extended their losses Monday, with BlackRock’s flagship fund recording its seventh consecutive day of withdrawals.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by assets, posted $213 million in outflows on Monday, bringing the outflow streak since Oct. 30 to $1.66 billion, according to Farside Investors data.

The broader Bitcoin ETF market shed another $201 million, as $22 million in inflows to the Morgan Stanley Bitcoin Trust ETF (MSBT) partially offset the losses. The funds have recorded around $1.5 billion in net outflows over the past six trading sessions.

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