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

$66,969.90

+1.49%

$66,969.90

+1.49%

(24s)

24h Volume

$5,893,102,060.79

24h H/L

$67,284.00 / $65,766.10

Change: $1,517.90 (2.31%)

Long/Short

71.0%

Long: 71.0%Short: 29.0%

Funding Rate

-0.0007%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$66,885.03

▲ 0.72%

Volume (24h): -

Resistance Levels

Resistance 3$74,458.01

Resistance 2$69,708.76

Resistance 1$68,058.24

Price$66,885.03

Support 1$66,155.21

Support 2$64,323.39

Support 3$60,000.00

Pivot (PP):$66,702.02

Trend:Downtrend

RSI (14):42.4

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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