BlackRock’s IBIT Drove 94% of a $1.28 Billion Bitcoin ETF Exit

By Isaac • November 8, 2026 7:28 pm •

One fund did almost all the damage in the latest Bitcoin ETF selloff.

U.S. spot Bitcoin ETFs lost about $1.28 billion during the completed November 2-6 trading week. Roughly $1.21 billion of that total came from BlackRock’s iShares Bitcoin Trust, better known as IBIT.

That means IBIT accounted for approximately 94% of the category’s net withdrawals.

The concentration matters. A billion-dollar headline can look like the entire institutional market is rushing for the exit.

The fund-by-fund numbers tell a narrower story: the pressure was severe, but it was heavily concentrated in the largest product.

CryptoSlate reports that the 12 U.S. funds tracked by Farside Investors recorded $1.282 billion in net outflows for the week. IBIT lost