Key Takeaways
- • BlackRock's iShares Bitcoin Trust (IBIT) posted $213 million in outflows on Monday, extending its seventh consecutive day of withdrawals and bringing the streak since Oct. 30 to $1.66 billion, according to Farside Investors data.
- • The broader US spot Bitcoin ETF market shed a net $201 million Monday, with $22 million in inflows to the Morgan Stanley Bitcoin Trust ETF (MSBT) partially offsetting losses.
- • Year-to-date net withdrawals from US spot Bitcoin ETFs reached $1.1 billion, a sharp contrast to roughly $25 billion in net inflows by early November in both 2024 and 2025.
- • US spot Ether ETFs saw outflows accelerate to roughly $185 million Monday, their largest daily withdrawals since Oct. 6.
- • Bitcoin traded near $74,594 at publication, down 2.8% over seven days, despite the Coinbase national trust bank charter taking effect, which failed to spur a market rally.
Summary
US-listed spot Bitcoin exchange-traded funds extended their losses on Monday, with BlackRock's flagship fund recording its seventh consecutive day of withdrawals. According to Farside Investors data, IBIT, the largest US spot Bitcoin ETF by assets, posted $213 million in outflows Monday, bringing its outflow streak since Oct. 30 to $1.66 billion.
The broader Bitcoin ETF market shed another $201 million, as $22 million in inflows to the Morgan Stanley Bitcoin Trust ETF (MSBT) partially offset the losses. The funds have recorded around $1.5 billion in net outflows over the past six trading sessions. Year-to-date net withdrawals now total $1.1 billion, compared with roughly $25 billion in net inflows by early November in both 2024 and 2025. The weakness persists despite Coinbase's newly effective US national trust bank charter.
Monday's outflows slowed from Friday's $412 million, and sentiment showed signs of improvement. According to Alternative.me, the Crypto Fear & Greed Index rose to 32 from 29 on Monday and 26 a week earlier, though it remained in "Fear" territory. Outflows from US spot Ether ETFs accelerated to roughly $185 million, their largest daily withdrawals since Oct. 6. According to CoinGecko, Bitcoin traded at approximately $74,594 at publication, down 2.8% over seven days but up slightly over the previous 24 hours.
The muted market response to Coinbase's banking milestone drew attention from market participants. Kevin Boeve, a trader and business development executive at tokenized real estate platform Palladium Network, told Cointelegraph that stocks were rising while crypto continued to fall despite the news. "In the past, news like that would've sent crypto flying, but now it barely moves the needle," he said. Boeve characterized the divergence as a warning sign and predicted a major stock market correction that could escalate into a broader sell-off. This is his personal forecast rather than a consensus view.
The broader Bitcoin ETF market shed another $201 million, as $22 million in inflows to the Morgan Stanley Bitcoin Trust ETF (MSBT) partially offset the losses. The funds have recorded around $1.5 billion in net outflows over the past six trading sessions. Year-to-date net withdrawals now total $1.1 billion, compared with roughly $25 billion in net inflows by early November in both 2024 and 2025. The weakness persists despite Coinbase's newly effective US national trust bank charter.
Monday's outflows slowed from Friday's $412 million, and sentiment showed signs of improvement. According to Alternative.me, the Crypto Fear & Greed Index rose to 32 from 29 on Monday and 26 a week earlier, though it remained in "Fear" territory. Outflows from US spot Ether ETFs accelerated to roughly $185 million, their largest daily withdrawals since Oct. 6. According to CoinGecko, Bitcoin traded at approximately $74,594 at publication, down 2.8% over seven days but up slightly over the previous 24 hours.
The muted market response to Coinbase's banking milestone drew attention from market participants. Kevin Boeve, a trader and business development executive at tokenized real estate platform Palladium Network, told Cointelegraph that stocks were rising while crypto continued to fall despite the news. "In the past, news like that would've sent crypto flying, but now it barely moves the needle," he said. Boeve characterized the divergence as a warning sign and predicted a major stock market correction that could escalate into a broader sell-off. This is his personal forecast rather than a consensus view.
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