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

$65,707.93

+0.32%

$65,707.93

+0.32%

(24s)

24h Volume

$23,298,561,101.23

24h H/L

$66,025.52 / $63,030.00

Change: $2,995.52 (4.75%)

Long/Short

70.9%

Long: 70.9%Short: 29.1%

Funding Rate

-0.0012%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,274.58

▼ -0.91%

Volume (24h): -

Resistance Levels

Resistance 3$70,602.61

Resistance 2$68,166.32

Resistance 1$65,872.10

Price$65,274.58

Support 1$64,283.09

Support 2$62,510.28

Support 3$60,000.00

Pivot (PP):$64,776.70

Trend:Downtrend

RSI (14):37.3

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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