Bitcoin ETFs Shed $2.35B in Two Weeks as BlackRock Streak Hits 11

United States spot bitcoin ETFs experienced a massive wave of redemptions recently, shedding a combined total of $2.35 billion across two consecutive weeks. Data from Farside Investors shows that these investment funds recorded weekly outflows surpassing one billion dollars in back-to-back periods, marking the heaviest withdrawals since the month of June.

The downward trend included a $1.07 billion outflow from Monday through Friday, building upon the previous week's total of $1.28 billion. Daily statistics revealed net withdrawals of $299.8 million on Wednesday and $284.1 million on Thursday, before easing slightly to $185.4 million on Friday. This final trading day of the week marked the seventh consecutive session of negative flows, pushing total redemptions to approximately $1.71 billion since the fifth of November.

Pressure on Bitcoin ETFs

The ongoing market weakness accompanied a drop in the price of Bitcoin, which fell below the threshold of $70,000 on Friday. Among the affected funds, BlackRock's iShares Bitcoin Trust registered $143.5 million in net withdrawals on Friday alone, pushing its unbroken losing streak to eleven consecutive trading sessions dating back to October thirtieth. This extended sequence lifted the total losses for the BlackRock product to around $2.35 billion, with monthly November outflows reaching $2.12 billion. This single fund accounted for roughly ninety percent of the entire market's net withdrawals during the period.

Spot Bitcoin ETFs recorded $2.35 billion in net outflows over two consecutive weeks.

Fidelity’s Wise Origin Bitcoin Fund also contributed to Friday's negative figures, shedding $41.9 million. Meanwhile, industry developments continued in other sectors, with Blockstream launching a new custody system designed to simplify digital asset security.

Why it matters

The substantial withdrawal of capital from major investment products reflects shifting sentiment and broader market pressures impacting digital assets globally, including interest from international investors monitoring major fund movements. These consecutive weeks of heavy redemptions demonstrate how institutional investment vehicles can experience rapid liquidity contractions during periods of broader market correction.