BlackRock's IBIT Sees Record Outflows After Binance Hack as Withdrawal Streak Extends to Seven Sessions
Key Takeaways
- •IBIT logged $213 million in net outflows on November 9, 2026, its seventh straight trading session of withdrawals, pushing cumulative outflows since October 30 to $1.66 billion.
- •The redemptions followed the recent crypto hack at Binance, and US-listed spot Bitcoin ETFs posted combined net outflows of $201 million on Monday despite $22 million in inflows to Morgan Stanley's Bitcoin Trust ETF.
- •US-listed spot Bitcoin ETFs have shed approximately $1.5 billion over the past six trading sessions, lifting year-to-date net outflows to around $1.1 billion versus outflows of roughly $412 million on Friday.
- •Ether investment products recorded about $185 million in outflows on Monday, their largest daily withdrawals since October 6, 2026, indicating the pullback is not limited to Bitcoin products.
- •The current outflows mark a sharp reversal from 2024 and 2025, when U.S. spot Bitcoin ETFs had attracted roughly $25 billion in net inflows by early November in each year.
BlackRock's iShares Bitcoin Trust (IBIT) recorded $213 million in net outflows on Monday, November 9, 2026, extending its withdrawal streak to seven consecutive trading sessions, according to Farside Investors data. A net outflow day means money leaving a fund exceeds money moving into it, so a seven-session streak points to sustained redemption activity rather than a one-day spike. Cumulative outflows from the fund since October 30, 2026, have now reached $1.66 billion. IBIT launched in January 2024 and has grown into the largest spot Bitcoin ETF by assets under management — a scale that makes its daily flow figures a key reference point for gauging institutional demand in the category.
The redemptions have come in the aftermath of the recent crypto hack at Binance. US-listed spot Bitcoin ETFs, which hold the asset directly and are widely tracked as a measure of institutional demand, recorded a combined $201 million in net outflows on Monday, despite $22 million in inflows into Morgan Stanley's Bitcoin Trust ETF — a split that shows fund-level flows can diverge even on sector-wide outflow days. The withdrawals brought the funds' year-to-date net outflows to approximately $1.1 billion.
Monday's total marked a slowdown from the $412 million recorded on Friday, November 6, 2026. Even so, the pullback has been persistent: across the broader market, US-listed spot Bitcoin ETFs have recorded approximately $1.5 billion in net outflows over the past six trading sessions. The near-term data points to watch are whether IBIT's streak extends past seven sessions and whether daily totals continue to ease from Friday's level.
The selling pressure has also spread to Ether investment products, which recorded approximately $185 million in outflows on Monday, marking their largest daily withdrawals since October 6, 2026 — underscoring that the pullback is not confined to Bitcoin products.
The continued redemptions mark a notable reversal from 2024 and 2025, when U.S. spot Bitcoin ETFs had attracted roughly $25 billion in net inflows by early November in each year. Set against that backdrop, this year's approximately $1.1 billion in year-to-date net outflows highlights how far the flow picture has shifted from the prior two years.
Source: BitcoinKE
