BlackRock Bitcoin ETF has seen $2.7 billion in outflows over the past five weeks, the longest streak of outflows since listing

Foresight News, according to Bloomberg, BlackRock Group’s iShares Bitcoin Trust set its longest consecutive weekly withdrawal record since its launch in January 2024, indicating that institutional demand for BTC remains sluggish even as BTC prices stabilize. Investors withdrew more than $2.7 billion from the exchange-traded fund (ETF) in the five weeks to Nov. 28, according to data compiled by Bloomberg. With another $113 million in redemptions on Thursday, the ETF is now on track to post its sixth straight week of net outflows.

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