BlackRock Bitcoin ETF Sees $1.66B in Outflows Over Seven Sessions
US spot Bitcoin ETFs lost $201 million on Monday. BlackRock's IBIT has had seven straight sessions of net withdrawals, totaling $1.66 billion. Continued outflows like this can point to weaker fund demand for Bitcoin, which traders may factor into their near-term outlook.
Why it matters
- Spot Bitcoin ETFs saw $201 million in net withdrawals on Monday alone.
- BlackRock's IBIT recorded seven straight sessions of net outflows.
- Those outflows total $1.66 billion, a sign of reduced fund demand for Bitcoin.
What to watch next
Watch whether IBIT and other spot Bitcoin ETF flows keep turning negative or shift back toward net inflows in the coming sessions.
