IBIT lost $1.21 billion in a week — while all the other Bitcoin ETFs combined saw just $72 million in outflows.
Key figures:
• IBIT (BlackRock): -$1,209.5 million over 5 sessions, Nov 2–6 — outflows in every session (Farside Investors via Coindoo, Nov 7)
• All other US spot Bitcoin ETFs combined: -$72.2 million for the week; sector total: -$1,281.7 million
• For comparison: on Wednesday, Nov 4, the sector actually saw +$74.6 million, but IBIT was still at -$201.2 million; on Friday, IBIT was at -$403 million while Fidelity FBTC saw +$42.8 million
What this means to me: this is no longer a market-wide rush for the exits — it’s one giant fund being abandoned while the others are nearly neutral. But there’s an important caveat: $1.21 billion in outflows doesn’t mean that much BTC was sold on the spot market, and this figure is only ~2% of IBIT’s $60.7 billion in assets. BTC itself is still around $76,150 this afternoon.
What I’m watching next: whether IBIT’s outflows stop bleeding when the market opens on Monday, and the US CPI on Nov 10 — the next catalyst.
What do you think—is this a rotation out of IBIT into other funds, or are institutions actually reducing their Bitcoin exposure?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC
Key figures:
• IBIT (BlackRock): -$1,209.5 million over 5 sessions, Nov 2–6 — outflows in every session (Farside Investors via Coindoo, Nov 7)
• All other US spot Bitcoin ETFs combined: -$72.2 million for the week; sector total: -$1,281.7 million
• For comparison: on Wednesday, Nov 4, the sector actually saw +$74.6 million, but IBIT was still at -$201.2 million; on Friday, IBIT was at -$403 million while Fidelity FBTC saw +$42.8 million
What this means to me: this is no longer a market-wide rush for the exits — it’s one giant fund being abandoned while the others are nearly neutral. But there’s an important caveat: $1.21 billion in outflows doesn’t mean that much BTC was sold on the spot market, and this figure is only ~2% of IBIT’s $60.7 billion in assets. BTC itself is still around $76,150 this afternoon.
What I’m watching next: whether IBIT’s outflows stop bleeding when the market opens on Monday, and the US CPI on Nov 10 — the next catalyst.
What do you think—is this a rotation out of IBIT into other funds, or are institutions actually reducing their Bitcoin exposure?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #ArusInstitusional $BTC