BlackRock’s IBIT ETF extended its outflow streak to seven days with $213 million in withdrawals Monday, contributing to a $1.66 billion total since Oct. 30, while Ether ETFs saw $185 million in outflows.
IBIT, the largest US spot Bitcoin ETF by assets, posted $213 million in outflows on Monday, its seventh consecutive day of withdrawals, for a cumulative $1.66 billion since Oct. 30. Persistent redemptions of this size signal fading investor demand for the fund. Monday's pace slowed from Friday's $412 million for the broader group, suggesting possible stabilization.
US spot Ether ETFs saw roughly $185 million in outflows on Monday, their largest daily withdrawals since Oct. 6, indicating accelerating institutional selling of Ether products. Rising redemptions add sell-side pressure on ETH in the near term. Broader crypto sentiment showed slight improvement, which may cushion the effect.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $213 million in outflows on Monday, marking seven straight days of withdrawals totaling $1.66 billion since Oct. 30. Meanwhile, US spot Ether ETFs faced their largest daily withdrawals since Oct. 6, with outflows reaching $185 million as broader crypto market sentiment remains in 'Fear' territory.
Seven consecutive sessions of withdrawals have totaled $1.66 billion since Oct. 30, including $213 million on Monday.
Outflows accelerated to roughly $185 million, the largest daily withdrawal since Oct. 6.