On Tuesday, November 19, 2025, BlackRock's iShares Bitcoin Trust (IBIT) reported its largest daily net outflow since its January 2024 debut, with $523.15 million exiting the fund, according to SoSoValue data. This surpassed the previous record of $463 million set on November 14 and marked the fifth consecutive day of net outflows for IBIT, totaling $1.43 billion.
IBIT, the world's largest spot bitcoin ETF with $72.76 billion in net assets, has experienced a negative flow trend since late October, posting four straight weeks of net outflows amounting to $2.19 billion. The outflows coincided with bitcoin's price decline, falling below $90,000 earlier in the week from an all-time high of $126,080 in early October. As of the report, bitcoin traded at $91,849, up 1.6% in the past 24 hours.
Vincent Liu, CIO at Kronos Research, commented, "Record-high IBIT outflows signal institutional recalibration, not capitulation. Big allocators are trimming risk, tightening exposure, and testing entry points until macro signals turn clear." The broader crypto market faced reduced liquidity due to the extended U.S. government shutdown and uncertainty over the Federal Reserve's interest rate decision in December, with the CME Group's FedWatch Tool indicating a 48.9% chance of a 25 basis point cut.
Overall, spot bitcoin ETFs recorded a daily net outflow of $372.7 million, as IBIT's outflows outweighed inflows into Grayscale's and Franklin Templeton's funds. Spot Ethereum ETFs mirrored the trend, with BlackRock's ETHA seeing $165 million in net outflows, offset by combined inflows of $91 million from Grayscale, Bitwise, VanEck, and Franklin Templeton.
In contrast, Solana ETFs showed strength, with Bitwise's BSOL posting $23 million in inflows and Grayscale's GSOL adding $3.19 million. New entrants Fidelity's FSOL and Canary Capital's SOLC debuted, with FSOL attracting $2.07 million and SOLC reporting zero flows. Solana ETFs have recorded 16 straight days of net inflows, accumulating $420.4 million. Liu noted, "Solana ETF 16-day streak of inflows signal altcoins drawing allocators, delivering yield, and gaining traction." Additionally, Canary's spot XRP ETF saw $8.32 million in net inflows, while its Litecoin and Hedera ETFs posted zero flows.
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