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

$78,262.14

+1.29%

$78,262.14

+1.29%

(24s)

24h Volume

$15,533,784,538.59

24h H/L

$78,914.12 / $77,256.06

Change: $1,658.06 (2.15%)

Long/Short

38.4%

Long: 38.4%Short: 61.6%

Funding Rate

-0.0003%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$78,236.44

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$84,650.36

Resistance 2$83,061.04

Resistance 1$79,424.90

Price$78,236.44

Support 1$78,121.91

Support 2$75,677.13

Support 3$73,574.81

Pivot (PP):$78,263.75

Trend:Sideways

RSI (14):61.1

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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