BlackRock Bitcoin ETF post $2.7B outflows for di longest withdrawal streak
BlackRock’s iShares Bitcoin Trust (IBIT) register the longest run of weekly net outflows since e launch for January 2024, totaling over $2.7 billion across six straight weeks up to early December (including $113 million withdrawal on Dec 4). November na de worst month for the ETF ever, with about $2.2 billion withdrawn in the weeks before Thanksgiving — almost eight times October’s losses. Despite the redemptions, IBIT still hold about $71 billion AUM. Analysts and on-chain researchers see the sustained withdrawals as proof say institutional demand don cool and people dey take defensive positions after October market liquidation wey wipe out over $1 trillion in crypto value. Traders suppose note say the combination of big ETF redemptions, falling BTC price (around $88,900) and reduced correlation with risk assets fit raise short-term volatility and downside pressure on Bitcoin; the longer-term outlook go depend on whether withdrawals continue or reverse with renewed inflows. Key SEO keywords: BlackRock Bitcoin ETF, IBIT outflows, ETF flows, Bitcoin volatility, BTC price.
Bearish
Di six-week wey IBIT don dey suffer outflow, wey include big withdrawals for November, show say institutional appetite don fall and dem dey position defensively. These net redemptions dey remove demand from the spot-BTC market and fit make selling pressure worse, especially when e match with falling BTC price (≈ $88,900) and lower correlation with risk assets. For short term, this one dey increase chance for higher volatility and downside pressure on BTC as ETF-related liquidity dey leave the market and traders dey reassess risk exposure. For medium to long term, the impact go depend on whether outflows continue (wey go remain bearish) or turn around with fresh inflows linked to better market conditions or macro/political catalysts. Given current data — record monthly withdrawals, long streak, and market deleveraging after October liquidations — the immediate price bias na negative for Bitcoin.