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2h ago

BlackRock’s IBIT Heads for Sixth Straight Week of Outflows as $2.7 Billion Leaves Bitcoin ETF

The withdrawal streak signals a break from the inflow regime that supported Bitcoin earlier in the year.

Blackrock bitcoin etf sheds $2.7 billion in longest outflow streak on record
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Spot bitcoin ETFs see $195 million exit
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Overview

  • Investors pulled more than $2.7 billion from IBIT over the five weeks to Nov. 28, with a further $113 million redeemed on Thursday, putting the fund on pace for a sixth consecutive week of net outflows.
  • Separate flow data for Dec. 4 show $194.6 million in net redemptions across U.S. spot Bitcoin ETFs, led by IBIT’s $112.9 million, with additional outflows at funds from Fidelity, VanEck, Grayscale and Bitwise.
  • Despite the withdrawals, IBIT remains a heavyweight with over $71 billion in assets, highlighting its outsized influence on Bitcoin liquidity.
  • Analysts at Glassnode say the pattern marks a clear turn away from this year’s earlier inflow-driven support, reflecting cooler institutional appetite and momentum fatigue.
  • Technical readings cited in coverage show IBIT trading below key trendlines and major EMAs with RSI under 50, as reports link the shift to October’s market liquidation; BlackRock did not immediately comment.