Bitcoin ETF Bleeds $1.28 Billion in a Week With IBIT Leading
By Damilola Esebame
AI summary of the source article
United States spot Bitcoin ETFs posted $1.282 billion in net outflows during the week of 2 to 6 November. BlackRock's iShares Bitcoin Trust led the decline, accounting for roughly 94% of the total withdrawals with $1.209 billion shed.
Key facts
- US spot Bitcoin ETFs recorded $1.282 billion in net outflows from 2 to 6 November, marking their worst week since late June.
- BlackRock's IBIT represented about 94% of the weekly outflows, losing $1.209 billion.
- The withdrawals pushed 2026 year-to-date net flows for US spot Bitcoin ETFs into a deficit of approximately $914 million.
Source excerpt · FinanceFeeds
United States spot Bitcoin exchange-traded funds (ETFs) recorded $1.282 billion in net outflows during the trading week of 2 to 6 November. BlackRock's iShares Bitcoin Trust (IBIT) accounted for $1.209 billion of the total, according to SoSoValue data reported . The Block reported that the withdrawals marked the worst week for spot Bitcoin ETFs since late June. BlackRock's IBIT Drives 94% of Weekl…