BlackRock Bitcoin ETF outflows hit $1.66B over seven trading sessions

What happened: BlackRock's iShares Bitcoin Trust (IBIT) recorded a seventh straight session of net withdrawals, and US spot Bitcoin ETFs extended their losses Monday. Key numbers: IBIT outflows totaled $1.66 billion since Oct. 30, including $213 million Monday. US spot Bitcoin ETFs shed $201 million Monday, with $22 million in inflows to MSBT. Year-to-date net withdrawals reached $1.1 billion. Why it matters: A trader cited by Cointelegraph said crypto barely reacted to Coinbase's new national trust bank charter, a divergence from past behavior he called a warning sign.

BlackRock's iShares Bitcoin Trust (IBIT) recorded a seventh straight session of net withdrawals, and US spot Bitcoin ETFs extended their losses Monday.

A trader cited by Cointelegraph said crypto barely reacted to Coinbase's new national trust bank charter, a divergence from past behavior he called a warning sign.