US‑listed spot Bitcoin exchange‑traded funds (ETFs) posted a net outflow of $201.0 million on Monday, November 9, according to the latest Farside Investors flow data. The outflow extended a three‑session losing streak for the group.
Issuer‑specific flows
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the majority of the withdrawals, with $213.2 million leaving the fund. In contrast, Morgan Stanley’s Bitcoin Trust (MSBT) attracted $22.1 million in inflows, partially offsetting the broader outflow.
Recent three‑day trend
The three consecutive sessions have produced a combined net outflow of roughly $1.04 billion. The prior two days saw larger outflows of $430.2 million on November 5 and $411.9 million on November 6.
Other fund activity
ARK Invest and 21Shares’ ARKB reported a modest outflow of $9.9 million on November 9. Several other funds showed no net creation or redemption for the day.
Interpretation
BlackRock’s fund is a prominent vehicle for investors accessing Bitcoin through traditional brokerage platforms, so its redemptions receive heightened attention. However, the daily flow table does not disclose the identity of the investors behind the withdrawals.
Net flow figures differ from assets under management, which can decline due to price movements in Bitcoin even without redemptions, and can increase through share creations despite price weakness.
Outlook
Future analysis will focus on whether the selling pressure from large issuers eases in subsequent reporting periods and whether inflows broaden across multiple products.
