Key Takeaways
- • BlackRock's iShares Bitcoin Trust (IBIT) recorded net outflows for seven straight trading sessions since Oct. 30, totaling $1.66 billion, according to the reported Farside Investors data.
- • IBIT posted net outflows of $213 million on the prior trading day, the largest spot bitcoin ETF by assets still leading broader withdrawals.
- • Spot bitcoin ETFs as a whole recorded net outflows of $201 million on the same day; year-to-date cumulative net outflows reached $1.1 billion, versus roughly $25 billion of net inflows through early November in each of 2024 and 2025.
- • Daily bitcoin ETF outflows slowed, but spot ether ETF outflows widened to about $185 million on the 9th, the largest single-day amount since Oct. 6.
- • Bitcoin trades near $73,700, down 5.04% over the past week, with the Crypto Fear & Greed Index at 32, still in the "fear" range.
Summary
Across the spot bitcoin ETF market, net outflows totaled $201 million on the same day. Inflows of $22 million into Morgan Stanley's Bitcoin Trust ETF (MSBT) offset part of the selling but did not reverse the trend. Net outflows over the past six trading sessions amounted to about $1.5 billion, pushing year-to-date cumulative net outflows to $1.1 billion. This contrasts sharply with 2024 and 2025, when roughly $25 billion flowed into spot bitcoin ETFs on a net basis through early November of each year.
The pace of outflows has slowed. Net outflows on the 9th fell by about half from $412 million on the 6th, the previous trading day. Investor sentiment improved slightly, with the Crypto Fear & Greed Index at 32 on the 10th, up from 29 the day before and 26 a week earlier, though it remained in the "fear" range.
Outflows from spot ether ETFs, by contrast, widened. Net outflows totaled about $185 million on the 9th, the largest single-day amount since Oct. 6. As bitcoin ETF selling eased, pressure appeared to shift toward ether products.
Bitcoin has not shown a clear recovery, hovering around $73,700, down 1.29% over 24 hours and 5.04% over the past week. Analysts and the source note it is too early to judge an overall improvement in sentiment, and a key question is whether IBIT's outflow streak ends and capital returns to major ETFs.
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