Bitcoin ETFs Post $1.28B Weekly Outflow as BlackRock’s IBIT Leads Withdrawals

U.S. spot Bitcoin ETFs recorded $1.28 billion in net outflows last week, their largest weekly withdrawal since late June, taking year-to-date net outflows to about $919 million. BlackRock’s IBIT accounted for roughly $1.21 billion of the weekly total and extended its losing streak to six consecutive trading sessions, while Fidelity’s FBTC drew about $93 million in weekly inflows. The withdrawals came as Bitcoin fell below $76,000 amid the fallout from Binance’s $6.3 billion hack, uncertainty following the U.S. midterm elections and a technology-stock selloff. With Bitcoin trading near the $74,400–$75,000 support range, the flows highlight a sharp deterioration in institutional risk appetite.