US-listed spot Bitcoin exchange-traded funds (ETFs) kept shedding assets on Monday, extending a streak of withdrawals tied primarily to BlackRock’s iShares Bitcoin Trust (IBIT). According to data from Farside Investors, IBIT recorded $213 million in outflows—its seventh straight day of net redemptions—taking the cumulative withdrawal run since Oct. 30 to $1.66 billion.
Across the broader spot Bitcoin ETF complex, the market posted another $201 million in net outflows. Morgan Stanley’s Bitcoin Trust ETF (MSBT) drew $22 million in inflows, but not enough to offset withdrawals from other funds. Over the past six trading sessions, the group has logged roughly $1.5 billion in net outflows, leaving year-to-date withdrawals at $1.1 billion.
Key takeaways
- IBIT suffered $213 million in Monday outflows, extending its withdrawals streak to seven consecutive days, per Farside Investors.
- Spot Bitcoin ETFs as a whole lost about $201 million on Monday, even with $22 million inflows into MSBT.
- Year-to-date net withdrawals from the category total $1.1 billion—far smaller than the roughly $25 billion in net inflows seen by early November in both 2024 and 2025.
- Sentiment indicators improved, but remained in “Fear,” with the Crypto Fear & Greed Index rising to 32 from 29.
- US Ether spot ETFs saw accelerated withdrawals, with Monday outflows around $185 million—the largest daily redemptions since Oct. 6.
Bitcoin ETF outflows: streak grows, pace eases
While Monday’s withdrawals were substantial, the bleeding slowed relative to the prior session. Outflows moderated from Friday’s $412 million, according to the article’s reference to Cointelegraph’s earlier market coverage. Still, the direction remained negative, indicating that investors are continuing to reduce exposure rather than reallocating capital back into spot Bitcoin products.
The scale of the current drawdown also contrasts with prior years’ momentum. The article notes that year-to-date net withdrawals of $1.1 billion differ sharply from the roughly $25 billion in net inflows reported by early November in both 2024 and 2025, underscoring that this year’s flow profile is materially weaker.
Broader crypto sentiment improves, but ETF flows dominate
At the same time as Bitcoin ETF outflows persisted, broader market sentiment showed a modest improvement. The Crypto Fear & Greed Index increased to 32 on Monday from 29, and it was 26 a week earlier, per Alternative.me. The reading remains within “Fear,” suggesting the improvement is incremental rather than a clear shift to risk-on behavior.
This matters because ETF flows often act as a real-time signal for institutional and retail demand. Even with sentiment stabilizing, the continued redemptions imply that investors are not following sentiment with purchases—at least not yet.
Ether spot ETFs see larger withdrawals
The weakness was not limited to Bitcoin. US spot Ether ETFs recorded accelerated outflows on Monday, with withdrawals of roughly $185 million. The article characterizes this as the largest daily withdrawal level since Oct. 6, indicating that demand for mainstream crypto exposures is soft across asset classes.
For traders and portfolio managers, this cross-asset pattern can be significant: when both Bitcoin and Ether products are seeing net withdrawals at the same time, it often points to broader risk reduction rather than an isolated issue with one specific asset.
Coinbase’s banking milestone meets a muted market response
One of the notable developments mentioned alongside the flow data is Coinbase’s national trust bank charter, which took effect Friday. The charter allows the company to hold digital assets on behalf of clients under federal oversight, a step that market participants have generally viewed as strengthening the institutional infrastructure around crypto custody and related services.
However, the article highlights a disconnect between that kind of mainstream financial progress and near-term crypto price behavior. Kevin Boeve—described as a veteran trader and business development executive at tokenized real estate platform Palladium Network—said stocks were rising while cryptocurrencies continued to fall, even after the Coinbase news. He argued that similar announcements would previously have had a stronger market impact, but now appear to “barely move the needle.”
Whether that reflects changing correlations, evolving risk appetite, or simply a delay between regulatory/operational milestones and market repricing remains unclear. But the immediate evidence in this report is consistent with a market that is prioritizing short-term positioning—particularly ETF allocations—over bullish narrative catalysts.
The article also reports Bitcoin trading at approximately $74,594 at the time of publication, down about 2.8% over the past seven days, with a slight uptick over the preceding 24 hours. Taken together with the ongoing ETF withdrawals, the price action looks more like consolidation within a cautious demand environment than a decisive reversal.
As the next data points come in, investors should watch whether ETF outflows continue at this slower pace or accelerate again, and whether Ether’s larger withdrawal trend persists. The crucial question is whether improving sentiment can eventually translate into net inflows—or whether these ETF products remain the primary channel through which risk is being trimmed.
