Bitcoin ETFs Lose $1.28B as IBIT Redemptions Mount
US Bitcoin ETFs lost $1.28 billion in the week ended November 6, led by IBIT redemptions. Ether funds shed another $365.2 million as investors reduced exposure.
Key Notes
- US spot Bitcoin ETFs lost $1.28 billion in the week ended November 6, with IBIT recording $1.21 billion in net redemptions.
- Ether funds lost $365.2 million, lifting combined withdrawals to about $1.65 billion.
- Wednesday was the only positive session for both groups.
Investors pulled $1.28 billion from US spot Bitcoin exchange-traded funds in the week ended November 6, with BlackRock’s IBIT accounting for most of the net withdrawals. Ether funds lost another $365.2 million, taking the combined weekly outflow to approximately $1.65 billion.
CoinScreamer calculated the totals from Farside Investors’ daily figures. The Block’s separate weekly analysis, published November 7, described Bitcoin funds’ result as their worst week since late June.
IBIT Redemptions Dominate the Week
BlackRock’s fund recorded $1.21 billion in net redemptions across the five sessions, according to Farside’s data. Fidelity’s FBTC moved in the other direction, attracting a net $93.1 million despite a substantial withdrawal on Thursday.
Wednesday was Bitcoin funds’ only positive day, bringing in $74.6 million. Thursday and Friday then removed a combined $842.1 million, overwhelming that brief improvement.
Friday alone produced a $411.9 million net outflow. IBIT lost $403 million, while Fidelity’s $42.8 million inflow partly offset redemptions elsewhere.
The pattern puts Wednesday’s inflow in perspective. That session marked a pause in withdrawals, but the completed week shows that demand through the fund channel remained weak.
Ether Funds Also Lose Ground
Farside’s Ether figures show withdrawals on four of the five trading days, with Wednesday again the sole positive session. Monday’s $139.7 million outflow was the largest of the week.
On Friday, Ether products lost $93.3 million overall, including $90.8 million from BlackRock’s ETHA. The weekly total therefore reflects pressure across both major cryptocurrency fund categories, rather than a Bitcoin-only retreat.
A Broader Retreat From Risk
The fund withdrawals coincided with a sharp selloff in technology shares. In its November 6 market update, CoinShares argued that Bitcoin was being pulled into a wider reassessment of AI spending and technology valuations, rather than suffering solely from a deterioration within crypto.
Friday added interest-rate uncertainty. CoinScreamer’s jobs report coverage tracked Bitcoin’s fall below $75,000 and subsequent rebound after stronger US hiring and wage figures. Those developments provide context, but the ETF totals do not establish why each investor redeemed.
What the Outflows Actually Measure
Fund flows track net creations and redemptions of ETF shares, not every purchase or sale between investors on a stock exchange. They also differ from assets under management, which change when Bitcoin’s price moves.
The SEC permitted in-kind creations and redemptions for Bitcoin and Ether products in July 2025. That allows authorized participants to exchange cryptocurrency for fund shares, or receive cryptocurrency when redeeming them, instead of using cash alone.
Consequently, the weekly figures cannot be read as proof that BlackRock sold an equivalent amount from its own corporate holdings, or that every redeemed dollar immediately became a spot-market sale. They show substantial withdrawals from these investment products, without identifying every holder or the final destination of the underlying coins.
Disclaimer: CoinScreamer is an independent media brand owned and operated by NuvexMedia LLC, publishing news, research, and market insights on digital assets and related technologies. NuvexMedia LLC invests in and collaborates with companies across the digital asset, blockchain, and technology sectors. These relationships do not influence CoinScreamer’s editorial coverage, and the publication maintains full editorial independence to provide accurate, timely, and objective information. © 2025 NuvexMedia LLC. All rights reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or other professional advice.
