Published: Wednesday, November 19, 2025 · 7:33 AM | Updated: Wednesday, November 19, 2025 · 7:33 AM
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🗝️ Key Points
- (Bloomberg) — Investors pulled more than half a billion dollars from BlackRock Inc.’s (BLK) iShares Bitcoin Trust, the largest single-day outflow since the fund’s debut,.
- BlackRock saw $523 million in outflows from the exchange-traded fund on Tuesday, marking a fifth straight day of net redemptions, according to data compiled by Bloomberg.
- Most Read from Bloomberg Bitcoin (BTC-USD) has fallen almost 30% from a record high set in October, slumping to its lowest point since April.
(Bloomberg) — Investors pulled more than half a billion dollars from BlackRock Inc.’s (BLK) iShares Bitcoin Trust, the largest single-day outflow since the fund’s debut, and the latest blow to a digital-assets market already short on confidence.
BlackRock saw $523 million in outflows from the exchange-traded fund on Tuesday, marking a fifth straight day of net redemptions, according to data compiled by Bloomberg.
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Bitcoin (BTC-USD) has fallen almost 30% from a record high set in October, slumping to its lowest point since April. The original token and the wider crypto market are yet to recover from an Oct. 10 wipeout that erased roughly $19 billion in leveraged bets.
On Tuesday, Bitcoin dipped below a key price point that meant investors in the 12 US Bitcoin ETFs found themselves sitting on collective losses. Those funds have suffered outflows of more than $3 billion so far in November, with nearly $2 billion pulled from IBIT alone. BlackRock didn’t immediately respond to a request for comment.
IBIT (IBIT), the largest spot Bitcoin ETF, has proved a smash-hit with investors since launching in January 2024. It has amassed more than $72 billion in assets with nearly $26 billion of inflows this year. Sustained outflows from the fund over recent weeks are seen as a bearish signal.
“ETF outflows combined with long-term holder sales have tightened market liquidity, pushing short-term Bitcoin prices lower and highlighting weakening market confidence,” said Dilin Wu, research strategist at Pepperstone.
Sean Dawson, head of research at Derive.xyz, a crypto options platform, said a significant number of traders are buying downside protection against Bitcoin hitting $80,000 by Dec. 26. “With ongoing concerns about the resilience of the US job market and the probability of a December rate cut slipping to barely above a coin-toss, there’s very little in the macro backdrop giving traders a reason to stay bullish into the close of the year,” he added.
Bitcoin was trading at $91,230 at 7:32 a.m. in London.
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