According to the materials of the site - By crypto.news
BlackRock's iShares Bitcoin Trust experienced its best months - in fact, every second month was better.
After the worst November in recorded history, the world's largest Bitcoin ETF is now experiencing a six-week outflow streak that indicates a rapid flight of investors.
Once proclaimed the most important bridge between the wealth of Wall Street and the limitless prospects of cryptocurrencies, BlackRock Inc.'s iShares Bitcoin Trust (IBIT) has suddenly become more like a monument to waning enthusiasm.
Over five weeks ending November 28, more than $2.7 billion was withdrawn from the fund, and on Thursday, December 4, an additional $113 million was withdrawn from the fund, Bloomberg reports.
As Bitcoin rolls into a bear market and retail excitement wanes, institutional investors, long considered a stabilizing force in cryptocurrency, also seem to be retreating.
IBIT is experiencing the longest stretch of withdrawals since its launch in January 2024, marking a sharp departure from the frenzied influx of funds that helped Bitcoin reach record highs earlier this year.
Yes, total assets still exceed an impressive $71 billion, but trader sentiment does not reflect this.
According to FactSet, investors pulled $2.2 billion from ETFs in the weeks leading up to Thanksgiving. This is nearly eight times the losses in October and is the worst monthly performance in its short history.
Despite Bitcoin stabilizing in recent days, withdrawals continue, indicating a decisive aversion to risk.
Bitcoin itself is not helping. At around $88,900, it is also showing an 8.5% decline since the beginning of the year, which sharply contrasts with the S&P 500 index's 16% growth in 2025.
According to Bloomberg, U.S. stocks have surged sharply for the first time since 2014, while Bitcoin has fallen.
The cryptocurrency market as a whole has lost over $1 trillion after a powerful wave of liquidation in early October triggered a prolonged crash. Retail traders, accustomed to dizzying highs at the beginning of 2024, have been less able to weather the downturn.
Institutions may weather difficulties, but the outflow of funds indicates that many prefer not to.
And for those clinging to political rhetoric? The long-promised "Trump boom" in the digital asset space has yet to materialize.
Yes, earlier this year Bitcoin briefly exceeded the $126,000 mark, but the subsequent crash forced the industry to reassess its views on regulatory favors and institutional adoption.
SkyBridge founder Anthony Scaramucci said the following on his podcast "The Rest is Politics":
Trump, being Trump, is releasing two meme coins on the eve of the election. One for himself and another for Melania, right? So meme coins are just casino tokens. They have very low value. These meme coins are rising in price. He takes [$500] or $600 million for himself and his family. And these meme coins have collapsed in price over the last seven or eight months... This will become a huge problem for the industry because if you have a president managing a meme coin that is a worthless token, he is subject to fraud and bribery. He is at risk of people buying his tokens trying to influence him. And lo and behold, Trump says: "Yes, buy my token or donate me $5 million, and I will meet you, crypto enthusiasts, at my country club in Virginia." And this has essentially spoiled the industry. The effect has been the opposite.
What is even more surprising is that the once-reliable correlation of Bitcoin with risky assets has disappeared. While stocks of AI companies are skyrocketing and gold is nearing historical highs, Bitcoin is moving in its own clearly pessimistic rhythm.
Now the question is whether the outflow of funds from BlackRock's ETFs is just a rough patch or a harbinger of a more difficult 2026.
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