BlackRock's Bitcoin and Ether ETFs shed $978.7M in five days

The iShares Bitcoin Trust (IBIT) accounted for the bulk of the bleeding, posting about $704.6 million in net outflows across the five sessions from November 9 to November 13. Outflows landed at $213.2 million on November 9, $78.2 million on November 10, then jumped to $269.7 million on November 11 before another $143.5 million left on November 13. The November 12 figure was unavailable. Add the Ethereum products and BlackRock's three funds shed roughly $978.7 million together.

The Ethereum side was concentrated on fewer days. The iShares Ethereum Trust (ETHA) lost $119.3 million on November 9 and another $129.8 million on November 11, while the iShares Staked Ethereum Trust (ETHB) gave up $20.8 million and $5.3 million on those same dates. ETHB pulled in $1.1 million of inflows on November 10, a partial offset. Combined, the two Ethereum funds bled $274.1 million, and neither posted net outflows on November 13.

BlackRock wasn't alone in the pain. U.S. crypto ETFs tracking Bitcoin, Ethereum, Solana, Hyperliquid and Zcash logged about $1.53 billion in combined net outflows across November 9 to November 13. Bitcoin funds carried the largest share at roughly $1.065 billion, with Ethereum ETFs at $398.9 million.

The broader market hasn't helped. Bitcoin sat at $67,000 while Ether dropped below $2,000, according to the report. Even so, the weekly outflow tally came in 16.9% below the previous week's $1.282 billion — a smaller bleed than the one before it, but still a heavy one, as investors reassess their crypto exposure amid heightened volatility.