US Bitcoin ETFs Lose $201M as BlackRock Withdrawals Extend the Slump

Résumé détaillé

US-listed spot Bitcoin funds recorded another difficult session on Monday, November 9. The updated Farside Investors flow table shows $201.0 million in net outflows across the…

US-listed spot Bitcoin funds recorded another difficult session on Monday, November 9. The updated Farside Investors flow table shows $201.0 million in net outflows across the group, extending a three-session losing streak. The important detail is that the negative total was not evenly spread across issuers: BlackRock’s IBIT recorded $213.2 million leaving, while Morgan Stanley’s MSBT attracted $22.1 million.

TL;DR: Spot Bitcoin ETFs lost a net $201.0 million on November 9, following $430.2 million on November 5 and $411.9 million on November 6. BlackRock drove Monday’s withdrawals, while one smaller fund reported inflows. The figures measure fund creations and redemptions, not the intentions of every Bitcoin investor.

The latest fully reported Farside figures put the consecutive negative sessions at roughly $1.04 billion in aggregate. Thursday’s $430.2 million loss was followed by Friday’s $411.9 million and then Monday’s $201.0 million. That progression shows persistent selling pressure, although Monday’s net outflow was smaller than either of the previous two sessions.

Our previous report on Friday’s fund activity documented a similar pattern of issuer concentration. Going back further, the November 2 breakdown shows why it is worth examining individual ETF lines rather than reading the aggregate as a single institutional vote.

On November 9, ARK Invest and 21Shares’ ARKB showed a $9.9 million outflow. The positive contribution from MSBT offset part of the selling elsewhere. Several other funds showed no daily net creation or redemption. That does not mean no shares changed hands on exchanges; secondary-market trading and flows into or out of a fund’s underlying Bitcoin exposure are different measures.

BlackRock’s fund is a large and closely watched route into Bitcoin for investors using traditional brokerage and portfolio systems. Its persistent redemptions can therefore affect the tone of market commentary disproportionately.

The distinction between net flows and…

The…

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