Bitcoin ETF outflows total $398.6M as BlackRock’s fund loses $405.3M

BlackRock’s iShares Bitcoin Trust (IBIT) lost $405.3 million on Monday, its biggest daily withdrawal since June, leading Bitcoin ETF outflows as US-listed spot funds opened November in negative territory. Farside Investors data put the group’s net withdrawals at $398.6 million.

IBIT’s daily loss was the largest since June 26, when investors withdrew $444.5 million. Fidelity’s Wise Origin Bitcoin Fund moved in the opposite direction on Monday, attracting $6.7 million and partially offsetting BlackRock’s withdrawals.

The latest Bitcoin ETF outflows followed a negative October, when US spot funds lost a net $515 million. Their net withdrawals for 2026 stood at about $38 million.

Bitcoin ETF outflows accompany wider crypto volatility

These outflows occurred during a period of crypto market volatility triggered by the $6.3 billion Binance hack. According to CoinGecko data, Bitcoin momentarily dipped under $76,400 on Monday, marking its weakest point since August.

Edwin Mata, CEO of tokenization company Brickken, interpreted the withdrawals as caution amid uncertainty rather than investors turning away from digital assets.

“I wouldn’t interpret these outflows as a rejection of digital assets,” Mata said in commentary published Monday. “Investors reduce exposure when uncertainty rises, particularly after an event that raises questions about the security of market infrastructure.”

The selling extended beyond Bitcoin funds. US spot Ether ETFs recorded approximately $140 million in net withdrawals on Monday, according to SoSoValue data. That extended their run of net outflows to six trading days, following a record $1.61 billion in monthly withdrawals in October.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.