BlackRock Bitcoin ETF outflows: IBIT’s nine-session streak

BlackRock’s iShares Bitcoin Trust recorded more than $2 billion in net outflows over nine consecutive trading sessions through November 11, 2026, according to Cointelegraph.

The withdrawal streak was not limited to one fund. US spot Bitcoin ETFs registered nearly $1.44 billion in combined net withdrawals across five consecutive sessions through November 11, Cointelegraph reported. CoinDesk reported that the group lost $95 million on November 10, which marked its fourth consecutive net-outflow session at that point.

Farside Investors’ daily data showed a combined $299.8 million net outflow from US spot Bitcoin ETFs on November 11. IBIT accounted for $269.7 million of that total, while GBTC lost $39.1 million and MSBT attracted $9 million.

The mixed fund-level figures matter because the aggregate result was not a uniform withdrawal from every listed product. However, the published totals do not establish whether demand moving into another fund can materially offset continued withdrawals from IBIT.

IBIT seeks to reflect Bitcoin’s price performance while providing exposure through an exchange-traded product, allowing investors to avoid handling Bitcoin’s operational and custody complexities directly, according to BlackRock. The fund traded on Nasdaq and carried a stated sponsor fee of 0.25%.

For a trader comparing centralized-exchange exposure with self-custody or on-chain perpetuals, the flow series provides a view of activity in a major regulated Bitcoin product. It does not reveal which investors or investor classes redeemed shares, and it does not prove that the withdrawals caused Bitcoin’s price weakness rather than accompanying it.

The streak should therefore be read as observed fund-flow data, not as evidence of a future price direction.

Traders monitoring the withdrawal streak can separate confirmed figures from unresolved questions:

• Check the next entries in Farside Investors’ daily flow table to see whether IBIT’s consecutive-outflow run continues after November 11.
• Compare IBIT’s result with the other spot Bitcoin funds instead of relying only on the group total.
• Track the scale of withdrawals against IBIT’s reported $58.98 billion in net assets and 1.3994 billion shares outstanding as of November 11, using BlackRock’s fund page.
• Keep causation separate from correlation: the supplied flow reports do not establish that ETF redemptions caused Bitcoin’s price weakness.
• When using leveraged on-chain products, evaluate the ETF data alongside your own custody, collateral and liquidation-risk checks rather than treating one flow streak as a complete market signal.