BlackRock Bitcoin ETF Sees $570 Million Outflow

BlackRock’s iShares Bitcoin Trust (IBIT) has recorded significant outflows since October 29, 2025, according to data from Farside Investor. Last week’s outflow reached a record $570 million, marking the largest weekly withdrawal from the ETF since approximately February 2025.

Ki Young Ju, founder and CEO of CryptoQuant, highlighted the outflow as a nine-month high. The situation has prompted discussion within the Bitcoin community, with speculation ranging from profit-taking to capital reallocation. Some interpret the withdrawals as large-scale transfers to whale wallets.

Despite BlackRock’s strong performance within the Bitcoin ETF market, the outflows have negatively impacted the broader market sentiment. The Bitcoin ETF market has traded in the red since October 29, with particularly large outflows on October 31 ($470.7 million), November 1 ($488.4 million), and November 3 ($191.6 million).

Overall November outflows totaled less than $200 million, excluding the substantial $566.4 million outflow on November 4. The market briefly rebounded, registering a $239.9 million inflow on November 6.

As of press time, Bitcoin is trading at $106,175.70, a 3.73% increase in the last 24 hours. The price range from a low of $102,767.10 to a peak of $106,564.70 suggests ongoing momentum.

Trading volume has surged by 46.81% to $71.7 billion, reflecting increased market participant interest potentially driven by progress in U.S. government shutdown negotiations.

Bitcoin advocate Michael Saylor has indicated that Strategy could expand its Bitcoin holdings from the current 641,205 BTC, which could contribute to a bullish market outlook and potentially reverse the current outflow from BlackRock.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.