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BlackRock suffers a new wave of withdrawals from its Bitcoin ETF. Between October 30 and November 13, 2026, its IBIT fund recorded $2.35 billion in net outflows over eleven consecutive sessions. American Bitcoin ETFs also lost $2.35 billion over the past two weeks. This capital flight comes as BTC fell below $69,000 and investors reduce their exposure to the crypto market.

In Brief

  • BlackRock’s IBIT Bitcoin ETF records $2.35 billion in outflows over eleven sessions.
  • American Bitcoin ETFs lose $1.07 billion during the week of November 9-13.
  • BlackRock accounts for about 90% of the net outflows recorded on Bitcoin ETFs in November.

BlackRock Chains 11 Sessions of Withdrawals on Its Bitcoin ETF

The bad streak continues for BlackRock. While American Bitcoin ETFs had already exceeded one billion dollars in withdrawals early November, the IBIT fund has just reached eleven consecutive sessions of net outflows. The movement began on October 30 with $233.7 million in withdrawals.

On November 2, investors withdrew an additional $405.3 million. Another particularly difficult day followed on November 6 with $403 million outflows. Losses continued this week. According to Farside Investors data, IBIT recorded $269.7 million in withdrawals on Wednesday, November 11, then $203.8 million on Thursday.

On Friday, another $143.5 million left the fund. The total reaches precisely $2.3516 billion over the eleven sessions. For BlackRock, this is a difficult period after several months during which its ETF regularly attracted institutional capital.

The fund still holds a significant lead over its competitors. Since its launch in January 2024, IBIT still shows about $64.2 billion in cumulative net inflows. Recent withdrawals therefore do not erase the capital accumulated over nearly three years. However, they reflect a change in investor allocations.

Bitcoin ETFs Lose More Than $2 Billion in Two Weeks

Pressure now exceeds BlackRock’s fund alone. American spot Bitcoin ETFs registered $1.28 billion in net outflows during the week of November 2-6. The following week ended with a new deficit of $1.07 billion.

In two weeks, around $2.35 billion left these financial products. On November 13, withdrawals reached $185.4 million. BlackRock accounted for $143.5 million and Fidelity $41.9 million. Other funds tracked by Farside registered no net movement.

This is the seventh consecutive session of outflows for all Bitcoin ETFs. This deterioration extends a trend already observed the previous week, when investors withdrew $1.28 billion from Bitcoin ETFs.

Not all managers are experiencing the same situation. Morgan Stanley notably recorded $22.1 million in inflows on November 9, then $20 million the next day. These purchases remain modest compared to the amounts withdrawn from BlackRock. Since the beginning of the month, IBIT concentrates around $2.12 billion in outflows, nearly 90% of the net outflows on the American Bitcoin ETF market.

One precision matters: net flows measure creations and redemptions of shares. They do not correspond to the simple decrease in the value of assets caused by bitcoin price fluctuations.

The Return of Bitcoin Investors Is Delayed

Withdrawals from ETFs occur during a difficult period for bitcoin. On November 13, BTC fell below $69,000 and briefly traded under $68,000 across several platforms. Liquidations of leveraged positions also intensified the correction. This drop accompanies a reduced risk appetite in financial markets.

Bitcoin ETFs allow investors to gain exposure to BTC through a traditional brokerage account. These products also facilitate rapid reductions in exposure when a manager wants to decrease portfolio risks.

BlackRock is particularly exposed to these arbitrages due to the size and liquidity of its fund. Withdrawals do not necessarily mean institutional investors are permanently abandoning bitcoin.

Some may rebalance their positions or temporarily seek less volatile investments. The long-term balance remains largely positive. As of November 13, Farside recorded about $54.7 billion in cumulative net inflows for all American Bitcoin ETFs since their launch.

The market therefore retains a significant base of institutional capital. The next sessions will reveal if IBIT’s negative streak stops and if other funds regain subscriptions. For now, withdrawals remain dominant. The movement accompanies a BTC correction recently documented by Cointribune in its article on the fall of bitcoin under $69,000 and the rise of extreme fear. Price stabilization could facilitate a return of investors, without guaranteeing an immediate recovery of inflows into ETFs.

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Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.