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

On Dec. 8, 2024, U.S. spot Bitcoin ETFs recorded a total net outflow of $60.48 million, according to Farside Investors. BlackRock’s iShares Bitcoin Trust posted a $28.75 million inflow, while Grayscale’s GBTC experienced the largest outflow at $44.03 million. Total ETF assets reached $118.498 billion, representing 6.54% of Bitcoin’s market capitalization. These movements occurred during IBIT’s extended redemption streak exceeding $2.8 billion in cumulative outflows since launch, reflecting divergent investor sentiment across major Bitcoin funds.

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