Key Takeaways
- • BlackRock's iShares Bitcoin Trust (IBIT) lost $405.3 million on Monday, its largest daily withdrawal since June 26, when investors pulled $444.5 million, according to the article (Farside Investors data put net withdrawals at $398.6 million).
- • Fidelity's Wise Origin Bitcoin Fund attracted $6.7 million on the same day, partially offsetting BlackRock's outflows.
- • US spot Bitcoin ETFs posted a net $515 million outflow in October and roughly $38 million in net withdrawals year-to-date for 2026.
- • US spot Ether ETFs recorded about $140 million in net withdrawals on Monday (SoSoValue data), extending a six-day outflow streak after a record $1.61 billion in October.
- • Bitcoin briefly dipped below $76,400 (CoinGecko data), its weakest level since August, amid volatility tied to a $6.3 billion Binance hack.
Summary
BlackRock's iShares Bitcoin Trust (IBIT) recorded $405.3 million in net outflows on Monday, its largest single-day withdrawal since June 26, when investors pulled $444.5 million. Farside Investors data put the fund's withdrawals at $398.6 million. The outflows led a broader pattern of redemptions across US-listed spot Bitcoin funds as they entered November in negative territory. Fidelity's Wise Origin Bitcoin Fund was the exception, attracting $6.7 million on Monday.
The redemptions follow a weak October, when US spot Bitcoin funds lost a net $515 million. Net withdrawals for 2026 to date stood at about $38 million, according to the article.
The selling coincided with crypto market volatility triggered by a $6.3 billion Binance hack. According to CoinGecko data, Bitcoin briefly fell below $76,400 on Monday, its lowest point since August. Edwin Mata, CEO of tokenization company Brickken, said the withdrawals reflected caution amid uncertainty rather than a rejection of digital assets. "Investors reduce exposure when uncertainty rises, particularly after an event that raises questions about the security of market infrastructure," Mata said in commentary published Monday.
Outflows also extended to Ether. US spot Ether ETFs recorded approximately $140 million in net withdrawals on Monday, according to SoSoValue data, extending their run of net outflows to six trading days. October had already produced a record $1.61 billion in monthly Ether ETF withdrawals.
The redemptions follow a weak October, when US spot Bitcoin funds lost a net $515 million. Net withdrawals for 2026 to date stood at about $38 million, according to the article.
The selling coincided with crypto market volatility triggered by a $6.3 billion Binance hack. According to CoinGecko data, Bitcoin briefly fell below $76,400 on Monday, its lowest point since August. Edwin Mata, CEO of tokenization company Brickken, said the withdrawals reflected caution amid uncertainty rather than a rejection of digital assets. "Investors reduce exposure when uncertainty rises, particularly after an event that raises questions about the security of market infrastructure," Mata said in commentary published Monday.
Outflows also extended to Ether. US spot Ether ETFs recorded approximately $140 million in net withdrawals on Monday, according to SoSoValue data, extending their run of net outflows to six trading days. October had already produced a record $1.61 billion in monthly Ether ETF withdrawals.
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