BlackRock Bitcoin ETF Experiences Record Outflows, Signaling Market Turbulence

The iShares Bitcoin Trust (IBIT), Blackrock’s prominent Bitcoin exchange-traded fund, witnessed a record outflow of $523.2 million on Tuesday, accelerating institutional retreat from crypto markets. This marks the fifth consecutive day of net outflows for IBIT, totaling $1.43 billion over this period, with November’s cumulative redemptions reaching nearly $3 billion. The exodus has left the average Bitcoin ETF buyer facing a thin margin after the asset’s recent drop.