The trend of withdrawals from U.S.-traded spot Bitcoin ETFs extended into the week’s first trading day, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing a $213 million outflow on Monday. This marks the seventh consecutive day of exits since October 30, totaling $1.66 billion in outflows.
BlackRock’s ETF Outflow Trend Intensifies
The disbursement pattern from IBIT, the largest spot Bitcoin ETF in the U.S., underscores a principal pressure point in the broader ETF market. Farside Investors reported that spot Bitcoin ETFs saw an overall net loss of $201 million on Monday. While Morgan Stanley’s Bitcoin Trust ETF received an inflow of $22 million, it did little to offset the overall outflow.
In the past six trading days, spot Bitcoin ETFs have witnessed a net outflow of approximately $1.5 billion. This contrasts sharply with the nearly $25 billion net inflow seen by early November in 2024 and 2025.
BlackRock’s IBIT fund recorded a $213 million withdrawal on Monday, bringing total losses to $1.66 billion since October 30.
Weak Market Sentiment Persists Despite Coinbase Milestone
This bearish sentiment persists even as Coinbase’s national trust bank charter came into effect in the U.S. The development enables Coinbase to offer digital asset custody services under federal oversight, bolstering its position as a leading crypto exchange providing institutional custody and trading services.
Kevin Boeve, a business development executive at Palladium Network and seasoned market trader, noted the divergence between equity and crypto assets. Boeve remarked that despite the major development from Coinbase, the lack of upward momentum in crypto prices signifies a weak market reaction.
Kevin Boeve flagged the declining crypto assets alongside rising stocks as a warning sign, emphasizing that similar developments involving Coinbase in the past elicited much stronger market feedback.
Escalation in Ether ETF Outflows
This selling pressure is not confined to Bitcoin-focused funds. Spot Ether ETFs in the U.S. experienced withdrawals of around $185 million on Monday, the largest daily outflow since October 6.
Nevertheless, some limited recovery in broader crypto market sentiment was observed. According to Alternative.me, the Crypto Fear and Greed Index rose from 26 to 29, then to 32, although it remains in the fear category.
At the time of reporting, Bitcoin was trading around $74,594, having fallen 2.8% over the past week, though it registered slight gains in the last 24 hours.
