BlackRock's IBIT Logs $213 Million Outflow as ETF Streak Extends to Seven Days

BlackRock's iShares Bitcoin Trust (IBIT), the largest US-listed spot Bitcoin ETF, recorded $213 million in net outflows on Monday, November 9, 2026, extending its withdrawal streak to seven consecutive trading sessions, according to Farside Investors data. Cumulative outflows from the fund since October 30, 2026 now stand at $1.66 billion.

The redemptions at BlackRock's flagship product sit inside a broader retreat. US-listed spot Bitcoin ETFs recorded $201 million in combined net outflows on Monday, even as Morgan Stanley's Bitcoin Trust ETF took in $22 million in inflows. Across the category, year-to-date net outflows have reached approximately $1.1 billion, and the wider market has shed roughly $1.5 billion over the past six trading sessions.

The pace of withdrawals did moderate. Monday's $201 million category-wide outflow compares with $412 million on Friday, November 6, 2026. That deceleration matters for anyone tracking whether the redemption wave is exhausting itself or merely pausing before the next leg.

What does this change for institutional flows?

The pressure is no longer confined to Bitcoin products. Ether investment vehicles recorded approximately $185 million in outflows on Monday, their largest single-day withdrawal since October 6, 2026. The contagion across both major crypto ETF categories suggests allocators are repricing the asset class as a whole rather than rotating between Bitcoin and Ether exposure.

The reversal is stark against recent history. In both 2024 and 2025, US spot Bitcoin ETFs had attracted roughly $25 billion in net inflows by early November of each year. Against that baseline, the current $1.1 billion year-to-date outflow figure represents a swing of more than $26 billion in annual net demand — a material change in the marginal buyer for Bitcoin markets.

To put the numbers in per-session terms: IBIT alone has returned capital at an average rate of roughly $237 million per trading day across its seven-session streak. The category-wide figure of $1.5 billion over six sessions works out to approximately $250 million per session, nearly identical to the largest fund's own pace. BlackRock's product, by virtue of its size, is setting the tempo for the entire complex.

The episode follows a major exchange breach — the so-called historic crypto hack referenced in market commentary — which appears to have triggered the initial wave of redemptions in late October and early November.

What comes next

For practitioners, the practical questions are straightforward. First, whether the inflow into Morgan Stanley's Bitcoin Trust ETF marks the beginning of selective differentiation among issuers, or a one-day anomaly within a broad exit. Second, whether Ether products, having now matched Bitcoin's directional pressure, continue to see accelerated redemptions or stabilize.

The near-term reference points are concrete: the October 6, 2026 record for Ether outflows at $185 million in a single day, and the $1.66 billion cumulative IBIT figure since October 30. If Monday's slower pace holds through the remainder of the week, the redemption wave may be cresting; if outflows return to Friday's $412 million level, the year-to-date $1.1 billion category outflow will deepen quickly.