BlackRock sells more Bitcoin even as the cryptocurrency rebounds.

crypthub

about 7 hours ago

IBIT Outflows Amid Bitcoin Rebound

BlackRock’s spot Bitcoin ETF (IBIT) recorded $149.1 million outflow on Nov 24 and $83 million inflow on Nov 25, leaving a net weekly outflow of over $66 million. The fund, previously the top inflow leader among U.S. spot Bitcoin ETFs, is now trimming positions as investors profit‑take. This comes despite Bitcoin rallying toward the $88,000 level.

Divergence Between Price and ETF Flows

Bitcoin has bounced from lows near $80,000 and is targeting the $90,000 zone, yet IBIT flows remain negative. Analysts view BlackRock’s outflows as a sentiment gauge, suggesting a defensive stance even in a rising market. The contrast highlights caution among large holders despite price strength.

Mixed Activity in Other Bitcoin ETFs

Fidelity’s FBTC saw a $170.8 million inflow, offsetting outflows from ARK’s ARKB and Bitwise’s BITB. Investors are still allocating to Bitcoin but are becoming selective about the vehicles they use. The pattern indicates rotation rather than a loss of confidence in the asset.

Implications for Institutional Sentiment

Continued redemptions from IBIT while Bitcoin climbs could signal the start of a distribution phase or a pause before institutions re‑enter at lower prices. Large allocators often rebalance after rapid gains. Monitoring these flows will help gauge the next directional shift in institutional demand.