Bitcoin IBIT News: Faces Record Outflow Run as BTC Struggles to Reclaim Bull Trend
BlackRock's IBIT ETF is experiencing its longest outflow streak, totaling over $2.7 billion in five weeks as Bitcoin struggles below its all-time high.Summary
BlackRock’s iShares Bitcoin Trust (IBIT) is undergoing its most significant redemption cycle since its launch in early 2024, with over $2.7 billion withdrawn over the past five weeks, culminating in a potential sixth consecutive week of outflows as of Thursday. This fund, which grew to $71 billion during Bitcoin's peak, reflects a broader shift in institutional crypto positioning following the October liquidation shock that pushed Bitcoin into a bear phase. Although Bitcoin has recovered to the low $92,000s, the persistent negative flows suggest that fund managers are cutting exposure ahead of year-end bonuses amid macroeconomic uncertainty. Analysts view this outflow cycle as a cooling in fresh capital allocation rather than a structural exit, noting that Bitcoin remains about 27% below its October all-time high, making IBIT's flow data a key proxy for U.S. demand.
(Source：CoinDesk)