BlackRock is experiencing a new wave of withdrawals from its Bitcoin ETF. Between October 30 and November 13, 2026, its IBIT fund recorded $2.35 billion in net outflows in eleven consecutive sessions. US Bitcoin ETFs have also lost $2.35 billion over the past two weeks. This capital flight comes as BTC has fallen below $69,000 and investors are reducing their exposure to the crypto market.
In brief
- BlackRock’s IBIT Bitcoin ETF records $2.35 billion in outflows in eleven sessions.
- US Bitcoin ETFs lost $1.07 billion in the week of November 9-13.
- BlackRock accounts for approximately 90% of net withdrawals from Bitcoin ETFs in November.
BlackRock continues 11 withdrawal sessions on its Bitcoin ETF
The black streak continues for BlackRock. While American Bitcoin ETFs had already exceeded a billion dollars in withdrawals at the beginning of November, the IBIT fund has just reached eleven consecutive sessions of net outflows. The movement began on October 30 with $233.7 million in withdrawals.
On November 2, investors withdrew another 405.3 million. Another particularly difficult day followed on November 6, with $403 million in outflows. The losses continued this week. According to data from Farside Investors, IBIT recorded $269.7 million in withdrawals on Wednesday, November 11, then $203.8 million on Thursday.
On Friday, another 143.5 million left the fund. The balance sheet reached precisely 2.3516 billion dollars over the eleven sessions. For BlackRock, this is a difficult period after several months during which its ETF regularly attracted institutional capital.
The fund nevertheless maintains a significant lead over its competitors. Since its launch in January 2024, IBIT still has approximately $64.2 billion in cumulative net inflows. Recent withdrawals therefore do not erase the capital accumulated for almost three years. However, they demonstrate a change in investor allocations.
Bitcoin ETFs Lose More Than $2 Billion in Two Weeks
The pressure now goes beyond BlackRock’s fund alone. US Spot Bitcoin ETFs Recorded $1.28 billion in outflows net during the week of November 2 to 6. The following week ended with a new deficit of 1.07 billion.
In two weeks, approximately $2.35 billion left these financial products. On November 13, withdrawals reached $185.4 million. BlackRock represented 143.5 million and Fidelity 41.9 million. Other funds tracked by Farside saw no net movement.
This is the seventh consecutive session of outflows for all Bitcoin ETFs. This deterioration continues a trend already observed the previous week, when investors withdrew $1.28 billion from Bitcoin ETFs.
However, not all managers experience the same situation. Morgan Stanley notably recorded $22.1 million in inflows on November 9, then $20 million the next day. These purchases remain modest compared to the amounts withdrawn from BlackRock. Since the start of the month, IBIT has concentrated around $2.12 billion in outflows, or nearly 90% of net withdrawals from the US Bitcoin ETF market.
One precision counts: net flows measure creations and redemptions of shares. They do not correspond to the simple decline in asset values caused by variations in bitcoin.
The return of Bitcoin investors is long overdue
The ETF withdrawals come during a difficult time for bitcoin. On November 13, BTC fell below $69,000 and briefly moved below $68,000 on several platforms. Liquidations of leveraged positions also accentuated the correction. This decline accompanies a reduction in the appetite for risk on the financial markets.
Bitcoin ETFs allow investors to gain exposure to BTC through a traditional brokerage account. These products also facilitate rapid reductions in exposure when a manager wishes to reduce the risks in his portfolio.
BlackRock finds itself particularly exposed to these arbitrages due to the size and liquidity of its fund. The withdrawals do not necessarily mean that institutional investors are permanently abandoning bitcoin.
Some may rebalance their positions or temporarily seek less volatile investments. The long-term results remain largely positive. As of November 13, Farside documented approximately $54.7 billion in cumulative net inflows across all U.S. Bitcoin ETFs since their launch.
The market therefore retains a significant base of institutional capital. The next sessions will allow us to see if IBIT’s negative series is interrupted and if the other funds regain subscriptions. For now, withdrawals remain dominant. The move accompanies a correction in BTC that Tremplin.io recently documented in its article on bitcoin’s fall below $69,000 and the rise of extreme fear. Stabilization of prices could facilitate a return of investors, without guaranteeing an immediate resumption of inflows into ETFs.
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