US spot Bitcoin ETFs had $696 million in net outflows on Friday, the largest single-day exit since January. BlackRock's IBIT accounted for most of the recent redemptions, and net flows for the year have turned negative.
US spot Bitcoin ETFs recorded $696 million in net outflows on Friday, the largest single-day exit since January. The figure tops the previous mark from October 30, when investors pulled $643.3 million in one session.
Outflows kept coming in early November. They reached $430.2 million on November 5, then $411.9 million on November 6, as part of a three-day run of redemptions. The week ending November 7 lost approximately $1.28 billion, the worst week for these funds since June 2026.
BlackRock's IBIT leads the exits
BlackRock's IBIT, the biggest name in the category, has accounted for most of the recent outflows. It shed $403 million on November 6, almost the entire $411.9 million that left all US spot Bitcoin ETFs that day. It lost another $213.2 million on November 9.
Some funds held up better. Fidelity's FBTC and Morgan Stanley's MSBT occasionally reported inflows during the period, which shows that not every allocator was heading for the door.
Yearly flows turn negative
Net flows into the funds for the year fell into negative territory, down around $914 million. The longer view still looks healthy, as cumulative net inflows since the January 2024 launch total between $55.5 billion and $56 billion. Total assets under management were estimated at between $94 billion and $96 billion as of mid-November 2026.
The source says the concentration in IBIT is worth tracking. If the largest fund keeps leading redemptions while FBTC and MSBT draw occasional inflows, it could point to allocators rebalancing between issuers rather than abandoning Bitcoin exposure altogether. Next, the source flags whether daily flows return to positive and whether IBIT's redemptions slow.
Source: Crypto Briefing
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