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BlackRock’s iShares Bitcoin Trust (IBIT) shed more than $2 billion in net outflows across nine consecutive trading sessions through Wednesday, Cointelegraph reported, citing Farside Investors data. On Wednesday alone, investors withdrew a net $269.7 million from IBIT, roughly 90% of the approximately $300 million pulled from all US spot Bitcoin ETFs that day.
Wednesday’s total rose from $95 million a day earlier. Bitcoinist’s earlier count of the run noted that IBIT’s seven-session streak had reached $1.66 billion, and the figure has kept climbing since.
Also read: BlackRock's IBIT Buys 1.97K BTC as ETF Inflows Hit Six Sessions
Key facts
- IBIT recorded more than $2 billion in net outflows over nine straight sessions through Wednesday, per Cointelegraph.
- US spot Bitcoin ETFs saw nearly $1.44 billion in net withdrawals over five consecutive sessions, ending three sessions of easing outflows.
- Grayscale’s Bitcoin Trust ETF (GBTC) lost $39.1 million on Wednesday, while the Morgan Stanley Bitcoin Trust ETF (MSBT) took in $9 million.
- Bitcoinist reported year-to-date net withdrawals across US spot ETFs near $1.1 billion, against roughly $25 billion in net inflows by early November in both 2024 and 2025.
- Bitcoin traded near $73,000, down 8.5% over the past week, according to CoinGecko.
Easing but still negative
The two reports cover different days of the same streak. Bitcoinist counted $213 million leaving IBIT on a Monday and $201 million across all US spot funds, down from $412 million the prior Friday, with MSBT attracting $22 million that day. Cointelegraph’s Wednesday figures show the daily tally back near $300 million after that brief slowdown.
The reports also differ in scope: Bitcoinist framed the week as IBIT’s longest recent outflow sequence, while Cointelegraph extended the count to nine sessions and crossed the $2 billion mark. Both attribute flow data to Farside Investors.
What is behind the selling
Bitfinex said in an analysis that slower ETF outflows could mark an early step toward a market floor but would not by themselves establish a recovery. The exchange found that in outflow streaks it studied earlier this year, Bitcoin gained a median 6.4% over 10 trading sessions once a streak ended with at least three straight sessions of net inflows.
Laser Digital’s derivatives trading desk pointed in a Wednesday note to weak spot demand, a persistently negative Coinbase premium and large liquidations of leveraged long positions. The desk noted that Bitcoin barely rose during Monday’s Nasdaq rebound, when the index gained almost 3%.
Bitcoinist also flagged Ether ETFs, which lost about $185 million on Monday, their largest daily withdrawals since early October, and the Crypto Fear & Greed Index, which improved to 32 from 29 the previous day while staying in “Fear” territory.
Why it matters
IBIT is the main vehicle through which institutional and retail investors gain Bitcoin exposure inside brokerage accounts, so its flows are watched as a live gauge of demand. After two years of heavy cumulative buying, the reversal to negative year-to-date flows shows that allocators are trimming risk rather than adding to it. That pressure has coincided with Bitcoin’s slide and has outweighed positive developments, including Coinbase’s US national trust bank charter taking effect, to which crypto prices responded only modestly.
What to watch
The next daily flow prints will show whether the streak breaks with net inflows, the condition Bitfinex’s historical pattern requires, and whether Bitcoin holds the $73,000 area. Upcoming economic data and the direction of equity markets are the other factors both outlets identify as likely to shift positioning.
This is not financial advice; cryptocurrency markets are volatile and prices can move sharply in either direction.
Reported by Cointelegraph.
Sources: Cointelegraph, Bitcoinist