BlackRock’s flagship Bitcoin ETF is seeing its heaviest redemption cycle since launch, with more than $2.7 billion pulled over the past five weeks as institutional flows continue to unwind into year-end.
The iShares Bitcoin Trust (IBIT), which ballooned into a $71 billion vehicle during Bitcoin’s run to record highs, has now logged five straight weeks of outflows through Nov. 28, Bloomberg data shows.
Another $113 million exited on Thursday, putting the fund on track for a sixth week in the red, its longest streak since debuting in early 2024.
The withdrawals mirror the broader shift in cry