BlackRock’s Bitcoin fund bled $1.21 billion over five trading days.
From November 2 to 6, IBIT saw net outflows every trading day, totaling $1.21 billion. Over the same period, all other U.S. Bitcoin ETFs combined saw net outflows of $72.2 million.
One fund lost $1.2 billion; every other product combined lost less than $100 million.
Thursday’s daily figures made the pattern even clearer: the market saw net outflows of $430.2 million, with Fidelity’s FBTC alone accounting for $199.9 million and IBIT for $105 million. Together, they made up about 70% of the total. Not a single fund saw net inflows that day.
ETF redemptions ultimately require spot delivery. Those coins leaving the funds become real supply on the market.
When the largest products are the first to bleed, it often means that the shares held the longest, with the lowest cost basis, are on the move. Those investors are looking at risk exposure in their portfolios; Bitcoin’s own story comes second.
The current price is hovering around $76,000, still slightly up over the past 24 hours.
Keep an eye on $BTC .
From November 2 to 6, IBIT saw net outflows every trading day, totaling $1.21 billion. Over the same period, all other U.S. Bitcoin ETFs combined saw net outflows of $72.2 million.
One fund lost $1.2 billion; every other product combined lost less than $100 million.
Thursday’s daily figures made the pattern even clearer: the market saw net outflows of $430.2 million, with Fidelity’s FBTC alone accounting for $199.9 million and IBIT for $105 million. Together, they made up about 70% of the total. Not a single fund saw net inflows that day.
ETF redemptions ultimately require spot delivery. Those coins leaving the funds become real supply on the market.
When the largest products are the first to bleed, it often means that the shares held the longest, with the lowest cost basis, are on the move. Those investors are looking at risk exposure in their portfolios; Bitcoin’s own story comes second.
The current price is hovering around $76,000, still slightly up over the past 24 hours.
Keep an eye on $BTC .
