U.S. Bitcoin Funds See $201 Million in Outflows in November 9 Session
Key Facts
U.S.-listed spot Bitcoin funds recorded net outflows of $201.0 million in the November 9, 2026 session, with BlackRock’s IBIT the largest source of outflows among the funds listed in Farside Investors’ table. IBIT alone saw net outflows of $213.2 million, exceeding the funds’ total net outflows for the session. The difference reflects divergent flows among products, as inflows into other funds offset some of the larger withdrawals from IBIT. EL7 data showed Bitcoin closing at $75,368.41 the same day. BlackRock shares also closed at $1,214.71, with the source not establishing the stock’s trading range during the session.
The November 9 total was lower than the net outflows recorded in the previous two sessions covered by the table. On November 6, net withdrawals from spot Bitcoin funds reached $411.9 million, after reaching $430.2 million on November 5. In the latest session, the total fell to $201.0 million, with IBIT remaining the largest source of outflows among the funds listed. The lower total does not mean all products saw the same shift; daily figures show that flows vary from one fund to another. The comparison places the November 9 session within a broader wave of withdrawals, without by itself identifying investors’ motives or explaining Bitcoin’s price movement.
Previous sessions show a clear divergence in how flows were distributed among funds. On November 6, IBIT recorded net outflows of $403.0 million, while FBTC attracted inflows of $42.8 million. A day earlier, IBIT outflows reached $105.0 million, and the funds recorded total net outflows of $430.2 million. On November 4, $201.2 million flowed out of IBIT, but the funds overall recorded net inflows of $74.6 million, driven by $236.7 million flowing into FBTC. On November 3, IBIT recorded outflows of $95.0 million, against total net outflows of $115.6 million for the funds.
On November 2, IBIT recorded net outflows of $405.3 million, while spot Bitcoin funds saw total outflows of $398.6 million. The session fits a picture of uneven flows across products, as outflows from one fund can exceed total net outflows when offset by inflows into other funds. Bloomberg reported that U.S.-listed funds recorded net outflows of more than $1 billion over Friday and Monday’s sessions through November 3, putting the figure at $1.04 billion. The report said IBIT accounted for $405 million of Monday, November 2, outflows. Bloomberg linked weak sentiment at the time to the record Binance hack and uncertainty surrounding the U.S. midterm elections, a dated backdrop that does not establish the cause of flows recorded on November 9.
BlackRock describes IBIT as giving investors exposure to Bitcoin through an exchange-traded fund, while offering the convenience of this structure in dealing with the operational and custody complexities of holding the currency directly. This puts daily flows in the context of an investment product that provides Bitcoin exposure through a traded instrument, while the session figures remain a measure of money moving through the funds. On November 9, $213.2 million in outflows from IBIT coincided with total net outflows of $201.0 million from U.S. spot funds. Bitcoin closed at $75,368.41, and BlackRock shares closed at $1,214.71 on the same date. These figures alone are not sufficient to establish a causal relationship between daily flows and the closing price of either the asset or the stock.