News analysis
Bitcoin ETFs post $1.3B weekly outflow as IBIT sees $1.21B redemption
· By MyCryptoSignal Editorial · 341 words
Cointelegraph reports that Bitcoin exchange-traded funds recorded $1.3 billion in net weekly outflows, the largest since late June. The same report attributes $1.21 billion of that to BlackRock's IBIT, with Bitcoin trading below $76,000 during a broader selloff in US technology shares.
The outflow figure covers a single week and marks the heaviest withdrawal from US Bitcoin ETFs since late June, according to Cointelegraph. The report ties the bulk of the money leaving to BlackRock's IBIT, which it says accounted for a net $1.21 billion of redemptions over the period.
Cointelegraph also links the timing to two other conditions: Bitcoin slipping under $76,000 and a selloff in US technology stocks. The report does not break out flows for individual funds beyond IBIT, and it does not give a dollar figure for total assets under management across the group. The published timestamp on the report is 2026-11-09T08:17:35Z.
As of 09:17 UTC, our collected data shows Bitcoin at $74,573, down 1.70% over 24 hours. The coin has given back 4.56% across seven days and 9.98% across 30 days. Its 24-hour range ran from $73,709 to $76,106, so the session low sits close to the $73,444 support level our data records, with resistance at $75,500.
The 14-period RSI reads 43.4 and the trend is marked down. Across the wider market, total capitalization stood at $2.35 trillion, down 2.03% in 24 hours, while Bitcoin dominance held at 63.7%. Bitcoin is the only coin in this appendix snapshot, so the frame here is a single-asset one: price below the source's $76,000 reference, momentum below the midpoint, and the 30-day decline roughly ten times the 24-hour move.
The source's $1.3 billion weekly outflow and our $74,573 print describe the same window from two directions: fund redemptions on one side, spot price on the other. Bitcoin's 30-day change of -9.98% is larger than its 7-day and 24-hour moves, and dominance at 63.7% means the drawdown is concentrated in the largest asset rather than spread evenly across the market.
Read the full story at Cointelegraph: https://cointelegraph.com/markets/bitcoin-etfs-13b-biggest-weekly-outflow-late-june
Data, not advice.
Source: Cointelegraph — see our editorial policy.