BlackRock's US-listed spot Bitcoin and Ethereum funds recorded $332.5 million in combined outflows on November 9, 2026, just hours before a critical US Consumer Price Index report. The iShares Bitcoin Trust (IBIT) lost $213.2 million, while the iShares Ethereum Trust (ETHA) shed $119.3 million, according to fund flow data.
The withdrawals extended a seven-session losing streak for IBIT. Since October 30, the fund has lost approximately $1.66 billion. November's cumulative Bitcoin ETF outflows reached $1.48 billion through November 9. The broader US spot Bitcoin ETF complex recorded $201 million in net outflows on November 9, although Morgan Stanley's MSBT bucked the trend with $22.1 million in inflows.
US spot Ethereum ETFs faced even heavier relative pressure, with $184.6 million in net outflows. BlackRock's ETHA accounted for $119.3 million of that total. The move came after a difficult prior week: between November 2 and November 6, US spot Bitcoin ETFs posted $1.28 billion in net outflows, their largest weekly withdrawals since late June.
Separately, blockchain monitoring service Onchain Lens reported that BlackRock transferred approximately $482.66 million in Bitcoin and Ethereum to Coinbase Prime on November 9. The six transfers included 5,320 BTC worth about $396.49 million and 40,715.19 ETH valued at roughly $86.17 million. The largest single movement was 2,100 BTC, worth approximately $156.29 million. The transfers included four Bitcoin transactions and two Ethereum movements.
Investors are now watching the October CPI report. Economists expect headline inflation to rise 0.3% month over month, slowing from September's 0.6% increase, and core CPI to rise 0.2%, compared with 0.3% previously. No official year-over-year comparison is available because the previous government shutdown prevented the Bureau of Labor Statistics from collecting October 2025 data.
Markets have priced in roughly an 85% probability of another quarter-point Federal Reserve interest rate increase at the December meeting. A hotter-than-expected inflation reading could reinforce that outlook and pressure risk assets, including Bitcoin, which does not generate a yield. Softer inflation could offer temporary relief, but renewed spot demand would likely be needed to reverse the current outflow trend.
