Key Takeaways
- • BlackRock's spot Bitcoin and Ethereum ETFs recorded approximately $978.7 million in combined net outflows over the five trading sessions from November 9 to November 13, according to Finbold.
- • The iShares Bitcoin Trust (IBIT) accounted for about $704.6 million of the withdrawals, with notable single-day outflows of $269.7 million on November 11 and $213.2 million on November 9.
- • The iShares Ethereum Trust (ETHA) and iShares Staked Ethereum Trust (ETHB) shed a combined $274.1 million, with selling concentrated on fewer sessions and no net outflows recorded on November 13.
- • U.S. crypto ETFs across Bitcoin, Ethereum, Solana, Hyperliquid and Zcash recorded about $1.53 billion in combined net outflows in the same period, a 16.9% decline from the prior week's $1.282 billion.
Summary
BlackRock, the world's largest asset manager, saw almost $1 billion in combined net outflows from its spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds over the five trading sessions from November 9 to November 13, according to Finbold. The three funds recorded approximately $978.7 million in reported net outflows in total.
Bitcoin accounted for the largest share of the withdrawals. The iShares Bitcoin Trust (IBIT) recorded roughly $704.6 million in net outflows, with selling pressure throughout the period. The fund lost $213.2 million on November 9 and $78.2 million on November 10, before withdrawals accelerated to approximately $269.7 million on November 11 and another $143.5 million on November 13. Finbold reported that the November 12 figure was unavailable.
Ethereum products also saw substantial redemptions, though concentrated on fewer sessions. The iShares Ethereum Trust (NASDAQ: ETHA) recorded $119.3 million in withdrawals on November 9 and $129.8 million on November 11. The iShares Staked Ethereum Trust (NASDAQ: ETHB) lost $20.8 million and $5.3 million on those dates, partially offset by $1.1 million in inflows on November 10. Selling eased toward the end of the week, with neither BlackRock Ethereum fund recording net outflows on November 13. Combined, the two Ethereum products shed $274.1 million.
The withdrawals occurred amid broader weakness across crypto investment products. U.S. crypto ETFs tracking Bitcoin, Ethereum, Solana, Hyperliquid and Zcash recorded approximately $1.53 billion in combined net outflows between November 9 and November 13, with Bitcoin funds losing about $1.065 billion and Ethereum ETFs recording $398.9 million in outflows. The weekly figure represented a 16.9% decline from the previous week's $1.282 billion in outflows.
The source article links the outflows to a broader market downturn, noting Bitcoin trading near $67,000 and Ether falling below $2,000. Finbold characterized the trend as suggesting that institutional demand for crypto investment products remains under pressure as investors reassess exposure amid heightened volatility.
Bitcoin accounted for the largest share of the withdrawals. The iShares Bitcoin Trust (IBIT) recorded roughly $704.6 million in net outflows, with selling pressure throughout the period. The fund lost $213.2 million on November 9 and $78.2 million on November 10, before withdrawals accelerated to approximately $269.7 million on November 11 and another $143.5 million on November 13. Finbold reported that the November 12 figure was unavailable.
Ethereum products also saw substantial redemptions, though concentrated on fewer sessions. The iShares Ethereum Trust (NASDAQ: ETHA) recorded $119.3 million in withdrawals on November 9 and $129.8 million on November 11. The iShares Staked Ethereum Trust (NASDAQ: ETHB) lost $20.8 million and $5.3 million on those dates, partially offset by $1.1 million in inflows on November 10. Selling eased toward the end of the week, with neither BlackRock Ethereum fund recording net outflows on November 13. Combined, the two Ethereum products shed $274.1 million.
The withdrawals occurred amid broader weakness across crypto investment products. U.S. crypto ETFs tracking Bitcoin, Ethereum, Solana, Hyperliquid and Zcash recorded approximately $1.53 billion in combined net outflows between November 9 and November 13, with Bitcoin funds losing about $1.065 billion and Ethereum ETFs recording $398.9 million in outflows. The weekly figure represented a 16.9% decline from the previous week's $1.282 billion in outflows.
The source article links the outflows to a broader market downturn, noting Bitcoin trading near $67,000 and Ether falling below $2,000. Finbold characterized the trend as suggesting that institutional demand for crypto investment products remains under pressure as investors reassess exposure amid heightened volatility.
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