Which BTC ETF saw largest outflows?

TLDR

BlackRocks iShares Bitcoin Trust (IBIT) saw the largest recent outflows among spot Bitcoin ETFs, totaling about $2.3 billion in November and a record $523 million on one day (Yahoo Finance, Investing.com).

1. IBITs single?day outflow peaked at $523 million on Nov 18 (Coingape).
2. Monthly IBIT net outflows were reported near $2.2$2.34 billion depending on the source (CNBC, Yahoo Finance).
3. Fidelitys FBTC occasionally posted inflows, highlighting issuer?level divergence (CoinJournal).

Deep Dive

1. IBIT Leads Outflows

IBIT was the main driver of withdrawals in November, topping both daily and monthly outflow tallies.

1. IBITs largest single-day outflow hit $523 million (Nov 18), the biggest print among spot BTC ETFs that month (Coingape).
2. Media tallies put IBITs monthly net outflow near $2.2$2.34 billion depending on the dataset (FactSet vs. SoSoValue) (CNBC, Yahoo Finance).
3. A separate market note highlighted the same $523 million daily figure for IBIT during risk?off conditions (Investing.com).

2. Why Outflows Spiked

Withdrawals coincided with macro risk?off and a weak November for crypto ETFs overall.

1. Spot Bitcoin ETFs collectively saw about $3.5 billion in net outflows in November, their worst month since February (Yahoo Finance).
2. Headlines tied the pressure to rate?path uncertainty (including BOJ policy risk) and shallow market depth amplifying moves (Business Insider).

3. Divergence Across Issuers

Flows were not uniformly negative; Fidelitys fund often bucked the trend.

1. On select days, FBTC posted positive net inflows, contrasting with IBIT redemptions (CoinJournal).
2. Late?month prints showed brief return of net inflows across BTC ETFs, suggesting flows can pivot quickly (Bitcoinist).

Conclusion

IBIT (BlackRock) led Novembers BTC ETF outflows, including the largest single?day withdrawal, while peers like Fidelitys FBTC occasionally saw inflows. Flows remain headline?driven and can flip quickly; monitoring daily issuer?level prints offers the clearest read on institutional appetite and near?term market tone.