--

[BlackRock Bitcoin ETF Experiences Over $2.7 Billion Outflow for Five Consecutive Weeks] BlackRock's iShares Bitcoin Trust (IBIT) has faced its longest single-week outflow since its launch in January 2024. Over the five weeks ending November 28, investors have withdrawn more than $2.7 billion from the ETF. As of Thursday, the ETF saw an additional $113 million in redemptions, potentially marking the sixth consecutive week of net outflows. IBIT's assets under management exceed $71 billion. Bitcoin is currently trading at approximately $92,000, down 27% from its October peak.

Loading...