BlackRock's IBIT Leads $201 Million in Bitcoin (BTC) ETF Outflows on Monday

Third Session of Withdrawals

US spot Bitcoin (BTC) ETFs recorded a net outflow of $201 million on Monday, the third consecutive trading session of withdrawals, and BlackRock's IBIT fund once again accounted for more than the whole total. The iShares Bitcoin Trust (IBIT) alone shed $213 million during the session, figures drawn from the issuers' own end-of-day creation and redemption disclosures, the primary record each fund publishes after the close. Morgan Stanley's Bitcoin ETF (MSBT) took in $22.1 million, the largest counterweight to BlackRock's losses on the day, which implies the remaining funds collected a combined $12 million net. A net outflow of this kind means redemptions exceeded creations: shares were returned to the issuer and the corresponding Bitcoin left the trust's custody, settled from the coins the trust holds in reserve. IBIT's weight explains its outsized role in that arithmetic: it is by far the largest US spot Bitcoin product by assets, so its daily ledger drives the aggregate print. IBIT's cumulative net inflow still stands at $64.888 billion, the largest stock among US spot Bitcoin (BTC) funds even after the recent streak. Three sessions of net redemptions in the cohort's anchor fund has cooled sentiment across digital-asset markets. Bitcoin price slid below $75,000 on Monday, its weakest print since August, briefly extending losses before the market steadied; it held near $74,700 in early Tuesday trading, up about 1.0% over the past 24 hours and 0.2% from the time the session data was published.

Six Sessions, $1.44 Billion From IBIT

The week of November 2 to November 6 shows how concentrated the withdrawals are. US spot Bitcoin funds shed a combined $1.28 billion across those five sessions, and IBIT accounted for about $1.21 billion of it, roughly 94% of the cohort's losses. The run in that fund is longer than the week itself: since October 30, IBIT has printed net outflows on six straight trading days through Friday, about $1.44 billion in all, before Monday's $213 million extended the run. Fidelity's Wise Origin Bitcoin (BTC) Fund (FBTC) moved the other way, taking in roughly $93 million last week, a split that makes the withdrawal as much a BlackRock story as a Bitcoin one. The cumulative tally turned negative for the year as a result: net flows across the US spot cohort since January stand at about $919 million in outflows. Leverage unwound alongside the flows: derivatives data shows more than $1 billion of positions were forcibly closed across digital-asset markets within 24 hours of the price slide, with about $930 million of it in long positions that had bet on higher prices. Six straight redemptions in the largest fund also mechanically shrink the Bitcoin each trust holds, since every redemption day sees custodians release coins to cover the shares returned. The exit is not confined to Bitcoin. US spot Ethereum ETFs posted about $365 million in net outflows last week, a sixth consecutive week of withdrawals. Politics has entered the picture too. Democrats won both chambers of Congress in this month's midterm elections, and should Senator Elizabeth Warren, who has pushed for tighter digital-asset rules, take the Senate Banking chairmanship, the market-structure bill known as the CLARITY Act could face a harder legislative path. Named forecasts have tracked the same range: Benjamin Cowen has argued that a Bitcoin (BTC) drop to $73,500 may not be the bottom, a call that has circulated while spot trades within about $1,200 of that mark.

Composite scoring, the same stack behind our Bitcoin technical analysis page, places the nearest support at $74,186, scored 100/100 where the Bollinger lower band, the S1 pivot and the 0.5 Fibonacci converge, with the strongest resistance overhead at $78,054, scored 94/100 across the 20-day and 100-day EMAs. Perpetual funding sits at 0.0049% and open interest at $15.59 billion, so Monday's liquidation wave flushed leverage without resetting it. The Fear and Greed Index reads 32/100, in fear territory, against a downtrend call on the daily trend. What the flow record cannot establish is motive: daily creation and redemption disclosures name the fund, not the holder, and nothing in the print separates a rebalancing desk from a holder giving up on a HODL posture.