On December 5, according to data compiled by Bloomberg, BlackRock's iShares Bitcoin Trust (IBIT) experienced its longest weekly outflow since its launch in January 2024, with investors withdrawing over $2.7 billion from the ETF over five consecutive weeks ending November 28.As of Thursday, the ETF faced another $113 million in redemptions, putting it on track for a sixth consecutive week of net outflows. IBIT currently has over $71 billion in assets under management.Blockchain analytics firm Glassnode said this trend marks a clear reversal from the sustained inflow mechanism that previously supported prices, reflecting cooling new capital allocation toward the asset.[BlockBeats]
On December 5, according to data compiled by Bloomberg, BlackRock's iShares Bitcoin Trust (IBIT) experienced its longest weekly outflow since its launch in January 2024, with investors withdrawing over $2.7 billion from the ETF over five consecutive weeks ending November 28.As of Thursday, the ETF faced another $113 million in redemptions, putting it on track for a sixth consecutive week of net outflows. IBIT currently has over $71 billion in assets under management.Blockchain analytics firm Glassnode said this trend marks a clear reversal from the sustained inflow mechanism that previously supported prices, reflecting cooling new capital allocation toward the asset.[BlockBeats]
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