US spot Bitcoin ETFs see $696M in outflows, largest since January

Friday's redemptions were the biggest single-day exit for the funds in months, extending a rough autumn for Bitcoin ETF flows US spot Bitcoin exchange-traded funds had $696 million in net outflows on Friday. That is the largest single-day exit since January. The funds had already taken several big hits in recent weeks. On October 30, investors pulled $643.3 million in one session, which at the time was the largest single-day exit in about four months. Friday’s $696 million beat that figure, so the bar for a bad day keeps moving. Early November was not much better. Outflows reached $430.2 million on November 5, then $411.9 million on November 6. Those sessions formed part of a three-day run of redemptions. The week ending November 7 lost approximately $1.28 billion in total. That made it the worst week for these funds since June 2026. BlackRock leads the exits BlackRock’s IBIT, the biggest name in the category, has accounted for most of the recent outflows. IBIT alone shed $403 million on November 6. That was almost the entire $411.9 million that left all US spot Bitcoin ETFs combined that day. It lost another $213.2 million on November 9. Some funds held up better. Fidelity’s FBTC ...