BlackRock Bitcoin ETF Outflows Hit $1.66 Billion Over Seven Days

Bitcoin ETF outflows — US spot Bitcoin ETFs recorded another day of net withdrawals on Monday, with BlackRock’s iShares Bitcoin Trust (IBIT) marking its seventh consecutive session of outflows.

IBIT saw $213 million exit the fund, bringing its total withdrawals since October 30 to $1.66 billion, according to data from Farside Investors. The broader spot Bitcoin ETF market posted net outflows of $201 million, partially offset by $22 million in inflows to the Morgan Stanley Bitcoin Trust ETF (MSBT). Over the past six trading sessions, the funds have seen approximately $1.5 billion in net outflows.

The pace of withdrawals slowed from Friday’s $412 million, coinciding with a slight improvement in broader market sentiment. The Crypto Fear & Greed Index rose to 32 from 29, though it remained in “Fear” territory. Meanwhile, US spot Ether ETFs saw accelerated outflows of roughly $185 million, their largest daily withdrawals since early October.

Bitcoin traded around $74,594 at the time of publication, down 2.8% over the past week. A trader noted the muted market reaction to Coinbase’s newly effective national trust bank charter, suggesting a divergence from traditional equity markets.