BlackRock ETF clients sell $403M worth of Bitcoin

Redemptions from the iShares Bitcoin Trust hit their highest single-day level since June as a five-session outflow streak passed $1 billion Investors in BlackRock’s iShares Bitcoin Trust (IBIT) pulled roughly $403 million worth of Bitcoin out of the fund in a single day. Fund flow data for November 2, 2026 put IBIT’s net outflow at $405.3 million. That was the largest one-day redemption for the fund since June 26 of this year. What actually happened Estimates of the client-driven selling land between $403 million and $405 million. The precise figure depends on whose tally you use. The mechanics matter here. BlackRock did not decide to dump Bitcoin. Its clients redeemed their ETF shares, and the fund had to release the matching amount of Bitcoin to settle those positions. Those released coins mostly went to Coinbase Prime, the institutional brokerage arm of Coinbase, where they were sold. So the Bitcoin did end up hitting the market. It just got there because of investor decisions, not a call from BlackRock’s trading desk. Across the full lineup of US spot Bitcoin ETFs, net outflows came to about $398.6 million that day. One fund bucked the trend. Fidelity’s Wise Origin Bitcoin Fund...