Overview
- BlackRock’s iShares Bitcoin Trust logged a $523 million net outflow on Nov. 18, its largest since launch, extending a five-day withdrawal streak to about $1.43 billion and four consecutive weeks to roughly $2.19 billion.
- U.S. spot Bitcoin ETFs saw about $372.7 million in net outflows on Nov. 18, while monthly totals have reached into the billions, including roughly $2.57 billion through Nov. 17 reported by flow trackers.
- Bitcoin fell below $90,000 this week, roughly 30% off its October record, as thinner liquidity and ETF redemptions removed a key structural bid that had supported prior gains.
- On‑chain trackers reported sizable BlackRock‑linked transfers of BTC and ETH to Coinbase Prime with differing tallies across providers, and BlackRock has not confirmed any intent to sell.
- Flows remain mixed across products and players, with some ETFs like Grayscale’s BTC and Franklin’s EZBC showing inflows, options markets tilting defensive with higher put demand, and select institutions such as Strategy and Abu Dhabi’s Mubadala adding exposure.