Notably, the Bitcoin (BTC) market has moved into a steep decline over the past few weeks, and ETF flows now reflect this bearish momentum. Since Oct. 6, BTC price has dropped nearly 28%, and the token now appears on track to post its weakest monthly performance since February 2025.
Similarly, Bitcoin ETFs continue to experience heavy outflows, with the BlackRock iShares Bitcoin Trust (IBIT) reinforcing this negative trend. Since Nov. 12, the BlackRock Bitcoin ETF has logged five straight days of outflows, extending a pattern it has carried since mid-October.
More importantly, the fund’s latest intraday showing stands as its worst yet, as it recorded $523 million in outflows yesterday, Nov. 18. This amount represents IBIT’s largest daily outflow to date, surpassing the previous record of -$463 million set on Nov. 14.
Interestingly, IBIT saw this major outflow at a time when other Bitcoin ETFs either attracted inflows or recorded no movement. Specifically, the Grayscale Bitcoin Mini Trust ETF (BTC) and the Franklin Bitcoin ETF (EZBC) saw inflows of $139.63 million and $10.76 million, respectively, while the others reported zero flows.
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