iShares Bitcoin Trust Faces $2.8 Billion Outflows Over Longest Withdrawal Streak Since Launch

The assessment of the statement is "likely_true" because its central and most significant claim is factual, though it contains a notable error in a secondary detail.The first part of the statement, that "The iShares Bitcoin Trust experienced its longest withdrawal streak since its launch," is strongly corroborated by multiple high-authority sources. Bloomberg, a top-tier financial news outlet, directly confirms that the trust had a five-consecutive-week withdrawal streak, its longest ever. This is further supported by reports from NDTV Profit, the Hindustan Times, and others, creating a solid consensus around this core fact.The second part of the statement, which quantifies the outflows at "$2.8 billion," is where the inaccuracy lies. The evidence strongly suggests this figure is misattributed to the iShares Bitcoin Trust (IBIT) alone. One source indicates this number represents the total redemptions for all Bitcoin ETFs collectively, not just IBIT. More compellingly, multiple other sources, including reports on LinkedIn and Reddit, trace the $2.8 billion figure to a specific JPMorgan estimate concerning a potential forced sell-off of MicroStrategy (MSTR) stock, a completely different context. This demonstrates that the monetary value in the statement is incorrect.Despite this factual error in the outflow amount, the primary assertion about the record-breaking withdrawal streak is true and represents the main thrust of the news. Because the fundamental event described did occur and was historically significant for the fund, the statement is considered largely true, albeit with a significant inaccuracy in the supporting data. The truth probability is high to reflect the veracity of the core claim, but it is reduced from 1.0 to account for the incorrect monetary figure.