BlackRock’s spot Bitcoin ETF, IBIT, has continued to register net outflows this week, signaling persistent profit-taking even as Bitcoin (BTC) stages a short-term rebound.
The latest ETF flow data shows that IBIT shed $149.1 million on November 24, followed by an additional $83 million inflow on November 25, leaving the fund with a net weekly outflow of more than $66 million across the two days tracked.
Total Bitcoin spot ETF net inflow. Source: CoinglassThe pattern marks a notable shift for IBIT, which has been the dominant inflow leader among U.S. spot Bitcoin ETFs. The fund now appears to be undergoing a period of position trimming, with several large holders rotating capital or taking profits as Bitcoin recovered toward the $88,000 level.
The divergence between price action and flows is notable. Bitcoin has bounced off its pullback lows near $80,000 and is attempting to reclaim the $90,000 zone, yet short-term investor behavior inside IBIT suggests caution.
Analysts often treat BlackRock’s flows as a sentiment barometer for institutional appetite; negative prints from the largest issuer tend to signal a more defensive stance even during market strength.
Bitcoin ETF mixed flows
Meanwhile, other ETFs offered a mixed picture during the same period. Fidelity’s FBTC recorded substantial inflows of $170.8 million, offsetting outflows from ARK’s ARKB and Bitwise’s BITB. This indicates that while investors are still allocating to Bitcoin, they are becoming more selective about where they deploy capital.
The ongoing outflows from IBIT may reflect broader rotation within the institutional market rather than a loss of conviction in Bitcoin itself. Large allocators frequently rebalance at key price levels, especially after rapid price appreciation.
If IBIT continues to see redemptions while Bitcoin climbs, it could signal the early stages of a distribution phase, or a pause before large institutions reload at lower levels.
By press time, Bitcoin was trading at $87,608, having recorded a modest plunge of about 0.3% in the last 24 hours, while on the weekly chart, BTC is down 3.6%.
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Source: https://finbold.com/blackrock-dumps-more-bitcoin-despite-btc-recovery/
