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Clients withdraw $270M from BlackRock's Bitcoin ETF, marking 7th straight outflow day and first negative year for US spot Bitcoin ETFs.

Market News
12 Nov 2026, 07:27 WIB
Crypto Briefing
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Bearish
Clients withdraw $270M from BlackRock's Bitcoin ETF, marking 7th straight outflow day and first negative year for US spot Bitcoin ETFs.

Clients pulled $269.7 million from BlackRock's iShares Bitcoin Trust (IBIT) on November 11, 2026, marking the seventh consecutive day of outflows totaling about $1.66 billion since October 30. This contributed to a roughly $300 million net outflow across all US spot Bitcoin ETFs that day, pushing the sector toward its first negative year with about $1.1 billion net outflows year-to-date. Despite these outflows, IBIT remains dominant with 62% of sector holdings and $64.8 billion in cumulative net inflows since launch. The outflows reflect client redemptions, not BlackRock's selling, signaling some institutional investors are stepping back from Bitcoin exposure via ETFs.

BlackRock's iShares Bitcoin Trust (IBIT) saw $269.7 million in outflows on November 11, 2026, continuing a trend of investor withdrawals. For readers following cryptocurrency markets, 12 of 50 major cryptocurrencies on Pluang rose while 36 fell as of November 12, 2026, 12:02 WIB. Notable movers include SXP down 46.27% to Rp37, ONE down 14.86% to Rp27 with 41% sell order activity, and BAL up 11.14% to Rp16.297.

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