US-listed spot Bitcoin exchange-traded funds extended their streak of redemptions on Monday, with BlackRock’s iShares Bitcoin Trust (IBIT) reporting its seventh straight day of outflows.
Bitcoin and Ether ETFs see continued withdrawals
IBIT, the largest US spot Bitcoin ETF by total assets, faced $213 million in net withdrawals at the start of the week, according to data from Farside Investors. Outflows for the fund have now reached $1.66 billion since October 30.
Across the broader US spot Bitcoin ETF landscape, total net redemptions reached $201 million on Monday. Inflows of $22 million into the Morgan Stanley Bitcoin Trust ETF (MSBT) helped offset some of the sector’s losses. Across all funds, net outflows over the past six trading sessions have climbed to around $1.5 billion.
Year-to-date, net outflows for spot Bitcoin ETFs have now reached $1.1 billion. This contrasts with approximately $25 billion in net inflows reported by early November in both 2024 and 2025, indicating a significant shift in sentiment within this segment.
Withdrawal activity eased compared to Friday, when the sector shed $412 million. Broader cryptocurrency sentiment saw minor improvements, as the Crypto Fear & Greed Index, tracked by Alternative.me, rose to 32 from 29 on Monday, and up from 26 the prior week. Nevertheless, the index remains in “Fear” territory.
Outflows from US spot Ether ETFs also accelerated, reaching about $185 million on Monday. This marked the largest daily withdrawal for these funds since October 6.
As of publication time, Bitcoin traded at roughly $74,594, reflecting a 2.8% drop over the past week but showing slight gains over the previous 24 hours, according to CoinGecko data.
Coinbase trust bank launch receives subdued reaction
Coinbase recently secured a US national trust bank charter, with approval effective Friday. The move allows Coinbase to custody digital assets for clients under federal oversight, a significant regulatory milestone intended to provide additional protections to its customer base.
Despite this development, the crypto market has largely shrugged off the news. Kevin Boeve, a trader and business development executive at Palladium Network, highlighted the lackluster market response in an interview with Cointelegraph.
Boeve observed that although stocks have continued to climb, crypto prices remain weak, even with positive news such as Coinbase’s charter. He noted that in previous periods, developments of this scale would have led to a market rally, but the current impact has been minimal.
Boeve further suggested that this divergence between surging equities and softening cryptocurrencies might signal upcoming volatility in broader markets. He cautioned that a significant correction in the stock market could potentially spill over into cryptocurrencies.
With outflows mounting and sentiment subdued, investors have shifted their strategies toward defensive positions as regulatory and macroeconomic developments continue to influence the digital asset industry.
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