Bitcoin price: BlackRock Bitcoin ETF outflows hit $2B over nine sessions
BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), recorded over $2 billion in net outflows over nine consecutive trading sessions through Wednesday. According to Farside Market participants data, market participants pulled a net $269.7 million from IBIT on Wednesday, accounting for around…
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In today's Bitcoin price news, BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), recorded over $2 billion in net outflows over nine consecutive trading sessions through Wednesday, according to Cointelegraph. According to Farside Market participants data, market participants pulled a net $269.7 million from IBIT on Wednesday, accounting for around 90% of the day's $300 million in net withdrawals across US spot Bitcoin ETFs.
Key points
- US spot Bitcoin ETFs posted close to $1.44 billion in net withdrawals over five straight sessions.
- The desk stated Bitcoin barely moved higher during Monday's rebound in the Nasdaq.
- Laser Digital's derivatives trading desk pointed to feeble spot demand.
Bitcoin price: the details
US spot Bitcoin ETFs posted close to $1.44 billion in net withdrawals over five straight sessions. Laser Digital's derivatives trading desk pointed to feeble spot demand, a persistently negative Coinbase premium and large liquidations of leveraged long positions in a Wednesday note shared with Cointelegraph. The desk stated Bitcoin barely moved higher during Monday's rebound in the Nasdaq, which picked up close to 3%.
Why Bitcoin price matters for traders
Crypto markets trade around the clock and react quickly to regulation, ETF flows, liquidity conditions and broader risk sentiment. Moves in Bitcoin often set the tone for the rest of the digital-asset market.
Changes in interest-rate expectations and institutional flows have become major drivers of crypto prices, linking them more closely to traditional markets.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-12 08:18 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 73,603.80 | -0.60% | 74,811.45 | 73,390.13 |
| Ethereum (ETH) | 2,049.62 | -0.82% | 2,103.78 | 2,035.83 |
What to watch next for Bitcoin price
Watch for ETF flow data, regulatory news, large on-chain movements and shifts in overall risk appetite in stock markets.
Follow every update in our Top 10 Crypto News Today, read Bitcoin price: South Korea to permit crypto withdrawal freezes during hacking threats or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), recorded over $2 billion in net outflows over nine consecutive trading sessions through Wednesday.
What moves the price of Bitcoin?
Bitcoin reacts to institutional and ETF demand, regulation, liquidity and interest-rate expectations, as well as general risk sentiment in financial markets.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
