Bitcoin ETFs see $1.28 billion in outflows, IBIT leads with 95% of total

US spot Bitcoin exchange-traded funds (ETFs) registered $1.28 billion in net outflows last week, marking their largest weekly withdrawals since late June. The heavy outflows pushed the funds’ combined net outflows for the year to approximately $919 million, figures from SoSoValue showed. In October, the sector had already experienced $515 million in net outflows. BlackRock’s iShares Bitcoin Trust (IBIT), currently the world’s largest spot Bitcoin ETF by assets, saw net outflows of $1.21 billion last week, according to Farside Investors. This accounted for about 95% of the total weekly withdrawals across all US spot Bitcoin ETFs. IBIT’s streak of net redemptions reached six consecutive sessions through Friday, bringing total outflows since October 30 to about $1.44 billion.

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