BlackRock’s spot Bitcoin ETF (IBIT) faced its largest single-day outflow to date, with $523 million withdrawn on November 18, 2025.

The move marks five consecutive days of net redemptions for the fund, underscoring shifting sentiment among institutional investors during a period of heightened volatility.

Institutional investors adjust holdings

The significant outflows from IBIT are part of a broader trend of institutional portfolio rebalancing.

As volatility impacts digital asset markets, large asset managers like BlackRock are seeing clients move assets out of Bitcoin ETFs and onto exchanges, reducing their exposure to bitcoin.

Ongoing trend across spot bitcoin ETFs

U.S.-listed spot Bitcoin ETFs have collectively experienced several days of net outflows.

This wave of withdrawals is attributed to institutional clients seeking to recalibrate risk and rebalance their holdings, a response to ongoing market turbulence.

For up-to-date data on U.S. spot Bitcoin ETF holdings and trends, see the US bitcoin ETF current and historical holdings.

Broader implications for bitcoin markets

The recent withdrawals reflect how institutional behavior can influence the broader bitcoin market.

Funds like IBIT play a growing role in the ecosystem, and sustained outflows could impact liquidity and price stability.

You can track daily ETF inflows and outflows using the ETF flows chart.