BlackRock's IBIT logs over $2 billion in outflows across nine trading sessions

By Khal · · 1 min read

Editorial illustration: A transparent tank bearing a copper Bitcoin symbol releases amber liquid through a side outlet into a shallow tray against a dark background.
AI-generated editorial illustration · AI-generated editorial illustration · Published Nov 13, 2026, 2:34 a.m. (1 hour ago)

In brief

  • IBIT recorded more than $2 billion in net outflows over nine consecutive trading sessions through Wednesday.
  • US spot Bitcoin ETF outflows rose to nearly $300 million Wednesday, up from $95 million the day before.
  • IBIT accounted for $269.7 million, about 90% of Wednesday's net withdrawals, per Farside data.
  • US spot Bitcoin ETF net withdrawals reached nearly $1.44 billion across five sessions.
  • Bitcoin traded near $73,000, down 8.5% over the past week, according to CoinGecko.

IBIT took the bulk of Wednesday's outflows

Investors pulled a net $269.7 million from IBIT on Wednesday, according to Farside Investors data reported by Cointelegraph. That's about 90% of the day's roughly $300 million in net withdrawals across US spot Bitcoin ETFs.

It wasn't the only fund losing assets. Grayscale's Bitcoin Trust ETF (GBTC) recorded $39.1 million in net withdrawals, per the same data, while the Morgan Stanley Bitcoin Trust ETF (MSBT) went the other way and drew $9 million in net inflows.

Outflows pick back up

Wednesday's increase followed three sessions in which outflows had eased. Over five straight sessions, US spot Bitcoin ETFs posted nearly $1.44 billion in net withdrawals, based on Cointelegraph's count of the Farside figures.

Five sessions, nearly $1.44 billion out.

Bitcoin traded near $73,000 at the time of Cointelegraph's report, down 8.5% over the past week, according to CoinGecko.

What Bitfinex and Laser Digital said

Crypto exchange Bitfinex said on Wednesday that slowing ETF outflows could be an early step toward a market floor, but they aren't enough on their own to establish a recovery. Its analysis of outflow streaks earlier this year found that Bitcoin gained a median 6.4% over 10 trading sessions when a streak ended with at least three consecutive sessions of net inflows.

Laser Digital's derivatives trading desk focused on demand. In a Wednesday note shared with Cointelegraph, the desk pointed to weak spot demand, a persistently negative Coinbase premium and large liquidations of leveraged long positions. It also said Bitcoin barely rose during Monday's Nasdaq rebound (a session in which the index gained almost 3%).

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