--- title: "US Spot Bitcoin ETFs Log $1.28B Outflows in Heaviest Week Since June" description: "BlackRock's IBIT accounted for 95% of weekly redemptions as macroeconomic doubts and industry shocks pressured crypto funds." url: https://basisdesk.news/news/us-spot-bitcoin-etfs-shed-weekly-outflows-blackrock-ibit published: 2026-11-09T08:31:37.661Z modified: 2026-11-09T08:31:37.661Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bearish tickers: [BTC] tags: [Bitcoin ETF, IBIT, BlackRock, Fidelity, Institutional Outflows] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # US Spot Bitcoin ETFs Log $1.28B Outflows in Heaviest Week Since June BlackRock's IBIT accounted for 95% of weekly redemptions as macroeconomic doubts and industry shocks pressured crypto funds. ## At a glance - **What happened:** US spot Bitcoin ETFs saw $1.28 billion in weekly net redemptions, driven by $1.21 billion in outflows from BlackRock's IBIT fund. - **Why it matters:** The sustained retreat pushed year-to-date spot ETF net redemptions to $919 million, marking the worst weekly outflow volume since late June. - **Who is affected:** US spot Bitcoin ETF issuers, institutional fund allocators, and Bitcoin spot market traders. - **What's next:** Investors are awaiting forthcoming US inflation figures, Federal Reserve rate signals, and the year-end legislative status of the CLARITY Act. - **Primary source:** [Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June](https://cointelegraph.com/markets/bitcoin-etfs-13b-biggest-weekly-outflow-late-june?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com ## Key points - US spot Bitcoin ETFs posted $1.28 billion in weekly net outflows, the largest aggregate redemption volume since late June. - BlackRock's IBIT lost $1.21 billion last week, extending a six-session streak of net outflows that erased $1.44 billion since Oct. 30. - Fidelity's FBTC countered the broader trend with roughly $93 million in weekly net inflows despite losing near $200 million Thursday. ## Editorial remark - **Context:** ETF flows had already weakened following $515 million in net outflows in October. Sentiment soured further amid tech stock drops, election fallout, and Binance's $6.3 billion exploit. - **Impact:** Institutional demand via spot ETFs has cooled rapidly, with IBIT bearing the brunt of withdrawals and dragging total year-to-date fund net outflows to about $919 million. - **Watch:** Market participants are monitoring whether Congress advances the CLARITY Act before year-end, as well as forthcoming US inflation prints and Federal Reserve rate guidance. US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows last week, marking their steepest weekly redemptions since late June [1]. According to SoSoValue, the weekly withdrawals brought net outflows for the funds to approximately $919 million for the year [1]. The retrenchment followed $515 million in net outflows recorded across the funds in October [1]. BlackRock's iShares Bitcoin Trust ($IBIT), the largest spot Bitcoin fund by total assets, led the retreat with $1.21 billion in net outflows last week, according to Farside Investors data [1]. The fund posted net outflows across six consecutive trading sessions through Friday, with roughly $1.44 billion pulled since Oct. 30 [1]. IBIT alone accounted for about 95% of the total net outflows across spot funds reported by SoSoValue [1]. In contrast, Fidelity's Wise Origin Bitcoin Fund (FBTC) gathered approximately $93 million in net inflows over the week, even after shedding nearly $200 million on Thursday [1]. ## Macro Weakness and Market Headwinds Fund redemptions coincided with falling token valuations, with $BTC sliding beneath $76,000 last week as market participants digested a $6.3 billion hack on Binance, political uncertainty following US midterm elections, and a broader sell-off across technology equities [1]. At the time of writing, Bitcoin changed hands around $74,147, down 2.1% over 24 hours. Bitfire Research stated that market participants were reassessing the legislative timeline for the CLARITY Act to pass Congress prior to year-end, alongside shifting US interest rate forecasts [1]. Bitfire pointed to a negative Coinbase Premium and an Alternative.me Crypto Fear & Greed Index reading of 25, diagnosing the sector as navigating a "breakdown and bottom-seeking phase" [1]. The research firm cautioned that a decisive drop under the $74,400 to $75,000 support range could trigger deeper selling, identifying forthcoming US inflation reports and Federal Reserve communication as the immediate drivers for spot market direction [1]. ## Sources 1. [Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June](https://cointelegraph.com/markets/bitcoin-etfs-13b-biggest-weekly-outflow-late-june?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com, 2026-11-09 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai