Spot Bitcoin ETFs See Continued Outflows Amidst Market Uncertainty
US-listed spot Bitcoin exchange-traded funds (ETFs) experienced another day of net outflows on Monday, marking a sustained period of investor withdrawals. BlackRock’s iShares Bitcoin Trust (IBIT), the largest fund in this category, recorded its seventh consecutive session of outflows, shedding $213 million on Monday alone.
According to data from Farside Investors, these recent outflows from IBIT, which began on October 30th, have now totaled $1.66 billion. The broader market for spot Bitcoin ETFs also saw a decline, with a net loss of $201 million on Monday. This figure was partially offset by $22 million in inflows into the Morgan Stanley Bitcoin Trust ETF (MSBT). Over the past six trading sessions, these funds have collectively experienced net outflows of approximately $1.5 billion.
These sustained outflows have pushed year-to-date net withdrawals to $1.1 billion. This stands in stark contrast to the roughly $25 billion in net inflows observed by early November in both 2024 and 2025. The current weakness in the market persists despite the recent news of Coinbase’s newly effective US national trust bank charter.
Monday’s outflows, while significant, represented a slowdown from Friday’s $412 million. Meanwhile, broader sentiment in the cryptocurrency market showed tentative signs of improvement. The Crypto Fear & Greed Index rose to 32 on Monday, up from 29 the previous day and 26 a week prior, according to Alternative.me. However, the index remained within the “Fear” territory.
Ether ETFs Also Face Selling Pressure
Outflows from US spot Ether ETFs also accelerated on Monday, reaching approximately $185 million. This marks the largest daily withdrawal for these funds since October 6th.
At the time of publication, Bitcoin was trading around $74,594, down 2.8% over the past seven days, though it saw a slight increase in the preceding 24 hours, according to CoinGecko.
Market Divergence Raises Concerns
Kevin Boeve, a veteran trader and business development executive at tokenized real estate platform Palladium Network, highlighted a notable disconnect between the performance of stocks and cryptocurrencies. “Stocks are up while crypto keeps falling, even with the big Coinbase news,” Boeve told Cointelegraph. He observed that in the past, such news would have significantly boosted cryptocurrency prices, but “now it barely moves the needle.”
Boeve was referring to Coinbase’s national trust bank charter, which became effective on Friday. This charter allows the company to hold digital assets on behalf of clients under federal oversight. The trader views this divergence as a potential warning sign, predicting a significant stock market correction that could potentially escalate into a broader sell-off.
