Blackrock Bitcoin ETF Loses Billions as Investors Flee Amidst Market Turmoil

The Blackrock iShares Bitcoin Trust, once a beacon of institutional crypto adoption, is experiencing unprecedented outflows this month. With over $1.26 billion withdrawn in November alone, the fund has seen its asset value plummet by 16%, marking a historic downturn. This exodus comes as Bitcoin suffers its most severe correction since early 2025, with prices falling below $89,420 – a level not seen since February of this year. The resulting panic in the market is evidenced by the significant surge in options costs, signaling traders’ growing fear about further price drops.