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

BTC

BTC/USDT

$95,691.69

-0.89%

$95,691.69

-0.89%

(24s)

24h Volume

$23,430,404,439.32

24h H/L

$97,193.34 / $95,134.48

Change: $2,058.86 (2.16%)

Long/Short

57.4%

Long: 57.4%Short: 42.6%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$95,691.70

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$107,274.70

Resistance 2$102,181.47

Resistance 1$97,033.03

Price$95,691.70

Support 1$95,503.07

Support 2$92,927.91

Support 3$91,475.27

Pivot (PP):$95,696.89

Trend:Uptrend

RSI (14):64.3

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.

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