BlackRock IBIT outflows surpass $2 billion over nine consecutive sessions

BlackRock's IBIT lost $269.7 million on November 12, 2026, its ninth straight session of outflows, pushing total redemptions past $2 billion since October 30. U.S. spot bitcoin ETFs recorded $299.8 million in net outflows that day, a fifth consecutive negative session. Bitcoin slid to ~$72,700, its weakest since August 20, 2026, after a hot October inflation report drove Polymarket odds of a December Fed rate hike to ~97%.

IBIT outflow streak

• ▪IBIT's two largest single-day outflows of 2026 both occurred in November: $405.3 million on November 2, 2026, and $403 million on November 6, 2026
• ▪IBIT recorded outflows on every trading day in November 2026 through November 12, 2026
• ▪IBIT shed approximately $2 billion across the nine sessions from October 30 to November 12, 2026
• ▪BlackRock's iShares Bitcoin Trust (IBIT) lost $269.7 million on November 12, 2026, its ninth consecutive session of redemptions since October 30, 2026

Broader ETF fund flows

• ▪The 11 U.S. spot bitcoin ETFs tracked by Farside Investors lost roughly $1.88 billion in November 2026, with outflows on seven of the month's eight sessions
• ▪U.S. spot bitcoin ETFs posted net outflows of $299.8 million on November 12, 2026, marking a fifth consecutive day of net outflows
• ▪On November 4, 2026, U.S. spot bitcoin ETFs recorded $74.6 million in net inflows, the only positive-flow session in November 2026, even as BlackRock's iShares Bitcoin Trust (IBIT) itself bled $201.2 million that day
• ▪The 11 U.S. spot bitcoin ETFs tracked by Farside Investors lost approximately $1.44 billion over the five trading days ending November 12, 2026
• ▪On November 12, 2026, Grayscale's GBTC lost $39.1 million, while Morgan Stanley's MSBT was the only fund to record inflows at approximately $9 million

Macro pressure on bitcoin

• ▪MSCI confirmed after November 12, 2026's close that it will remove Strategy (MSTR) from its indexes after November 30, 2026, forcing tracking funds to sell shares of the largest corporate bitcoin holder
• ▪Yahoo Finance reported that Polymarket odds of a Federal Reserve rate hike in December 2026 climbed to approximately 97% following the October 2026 inflation report
• ▪Yahoo Finance reported that a hotter-than-expected October 2026 inflation report released on November 11, 2026, lifted bets on a Federal Reserve rate hike in December 2026
• ▪Nvidia shares fell roughly 9% after November 12, 2026's close following reports that its board was preparing to remove CEO Jensen Huang

Bitcoin price decline

• ▪Bitcoin traded near $72,800 early on November 13, 2026, close to November 11, 2026's low of approximately $72,700
• ▪Bitcoin was down roughly 6% over the week ending November 12, 2026
• ▪Bitcoin's price of approximately $72,700 on November 11, 2026, was its weakest level since August 20, 2026

Year-to-date flow reversal

• ▪IBIT held approximately $2.45 billion in net inflows for 2026 and roughly $64.5 billion since its launch in January 2024, as of November 12, 2026
• ▪U.S. spot bitcoin ETFs were down approximately $1.42 billion in net flows for 2026 as of November 12, 2026
• ▪IBIT took in approximately $932 million in October 2026, an amount that November 2026 withdrawals had already erased nearly twice over by November 12, 2026
• ▪U.S. spot bitcoin ETFs had recorded roughly $25.2 billion in net inflows at the same point in 2025