Data: BlackRock Bitcoin ETF experiences five consecutive weeks of fund outflows, totaling over $2.7 billion

According to data compiled by Bloomberg, BlackRock's iShares Bitcoin Trust (IBIT) has experienced its longest single-week outflow of funds since its launch in 2024, with investors withdrawing over $2.7 billion from the ETF over five weeks. As of Thursday, the ETF faced another $113 million redemption, marking a potential sixth consecutive week of net outflows.

IBIT currently has assets under management exceeding $71 billion. Blockchain analytics firm Glassnode indicates that this trend marks a significant reversal of the previous inflow mechanism that supported prices, reflecting a cooling of new capital allocation to the asset. The current trading price of Bitcoin is approximately $92,000, down 27% from its peak in October.