US spot Bitcoin exchange-traded funds recorded $185.4 million in net outflows on Friday, bringing total redemptions to $2.35 billion over two consecutive weeks, as BlackRock’s iShares Bitcoin Trust extended its withdrawal streak to 11 trading sessions.
According to data from Farside Investors cited by Cointelegraph, Friday's outflows took the weekly total to $1.07 billion, following $1.28 billion in redemptions the previous week, the largest weekly outflows since late June. The funds have now posted net withdrawals for seven consecutive trading days, with about $1.71 billion redeemed since Nov. 5.
US spot Bitcoin ETFs are investment vehicles that hold actual Bitcoin and trade on stock exchanges, offering a regulated way for mainstream investors to gain exposure to the cryptocurrency. The sustained redemptions come amid broader market weakness: Bitcoin fell below $70,000 on Friday.
BlackRock’s IBIT accounted for $143.5 million of Friday’s withdrawals, extending the fund’s losing streak to 11 consecutive sessions since Oct. 30. During that period, IBIT has shed about $2.35 billion in total net outflows. November outflows for IBIT alone reached $2.12 billion, representing roughly 90% of all spot Bitcoin ETF net withdrawals this month.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) shed $41.9 million on Friday. Daily outflow totals have declined since midweek, moving from $299.8 million on Wednesday to $284.1 million on Thursday and then to $185.4 million on Friday.
Analysis
Why This Matters
- The persistent outflows signal weakening institutional demand for Bitcoin exposure through regulated vehicles, potentially dampening market sentiment.
- BlackRock’s IBIT, historically the largest Bitcoin ETF, is experiencing its longest-ever withdrawal streak, indicating that even major players are reducing crypto allocations.
- Bitcoin’s slide below $70,000 could accelerate if ETF redemptions continue, as the funds’ selling pressure may weigh on the spot market.
Background
US spot Bitcoin ETFs launched in early 2024 and quickly attracted billions in assets, becoming a key channel for mainstream investment in cryptocurrency. The recent outflows mark a reversal from the net inflows seen through most of 2025 and the first half of 2026, reflecting a risk-off shift in the crypto market amid macroeconomic uncertainty and regulatory concerns.
Key Perspectives
What to Watch
- Whether the daily outflow pace continues to slow or accelerates again, especially if Bitcoin tests lower support levels.
- Any catalyst that could reverse sentiment, such as a dovish Federal Reserve pivot, a major institutional purchase, or positive crypto regulation news.
- The potential for the outflow streak to match or exceed previous record runs, which could signal a sustained bearish phase for Bitcoin ETFs.
Checked
12 claims in this story checked against 1 source: 11 supported.
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- SupportedBitcoin ETFs have a two-week outflow streak.Cointelegraph.com News: “US spot Bitcoin exchange-traded funds (ETFs) recorded $2.35 billion in net outflows over two consecutive weeks”
- SupportedBlackRock’s IBIT had an 11-session withdrawal streak.Cointelegraph.com News: “IBIT’s $143.5 million in net outflows on Friday extended the fund’s withdrawal streak to 11 consecutive trading sessions since Oct. 30.”
- SupportedSpot Bitcoin ETF redemptions totalled $2.35 billion over the past fortnight.Cointelegraph.com News: “US spot Bitcoin exchange-traded funds (ETFs) recorded $2.35 billion in net outflows over two consecutive weeks”
- SupportedBitcoin fell below $70,000 on Friday.Cointelegraph.com News: “The sustained outflows coincided with broader market weakness as Bitcoin (BTC) fell below $70,000 on the same day.”
- SupportedUS spot Bitcoin ETFs had $185.4 million in Friday net outflows, including $143.5 million from IBIT and $41.9 million from FBTC.Cointelegraph.com News: “US spot Bitcoin ETFs recorded $185.4 million in net outflows Friday, with BlackRock’s IBIT accounting for $143.5 million and Fidelity’s FBTC shedding $41.9 million.”
- SupportedThe weekly outflow total was $1.07 billion, after $1.28 billion the previous week.Cointelegraph.com News: “spot Bitcoin ETFs shed $1.07 billion between from Monday to Friday, following $1.28 billion in outflows the previous week”
- SupportedThe $1.28 billion weekly outflow was the largest since late June.Cointelegraph.com News: “following $1.28 billion in outflows the previous week, the largest weekly redemptions since late June .”
- SupportedFriday was the seventh consecutive trading session of net withdrawals.Cointelegraph.com News: “Friday marked the seventh consecutive trading session of net withdrawals”
- SupportedAbout $1.71 billion had been redeemed since Nov. 5.Cointelegraph.com News: “with about $1.71 billion redeemed since Nov. 5.”
- Not in the sourcesUS spot Bitcoin ETFs hold actual Bitcoin, trade on stock exchanges and offer a regulated way for mainstream investors to gain exposure to the cryptocurrency.
- SupportedIBIT’s 11-session withdrawal streak began on Oct. 30.Cointelegraph.com News: “IBIT’s $143.5 million in net outflows on Friday extended the fund’s withdrawal streak to 11 consecutive trading sessions since Oct. 30.”
- SupportedIBIT had $2.12 billion in November outflows, roughly 90% of spot Bitcoin ETF net withdrawals that month.Cointelegraph.com News: “IBIT’s November outflows reached $2.12 billion, accounting for roughly 90% of the spot Bitcoin ETF market’s net withdrawals.”
