Bitcoin ETF: BlackRock’s iShares Bitcoin Trust (IBIT) Enters Sixth Straight Week of Net Outflows After $2.7B Pullout Over Five Weeks

BlackRock‘s iShares Bitcoin Trust (IBIT) posted its largest weekly net outflow since its January 2024 inception, per Bloomberg-compiled data.

Over the five weeks through November 28, IBIT saw withdrawals totaling more than $2.7 billion, signaling shifting risk appetite among institutional holders.

In the latest reads, a further $113 million redemption preceded a sixth straight week of net outflows, with assets under management at roughly $71 billion.

Analysts at Glassnode indicate the trend marks a reversal of the prior inflow dynamic that supported the price, underscoring a cooling pace of new capital allocation into this Bitcoin ETF.