[BlackRock Bitcoin ETF Sets Record for Longest Consecutive Weeks of Fund Outflows, Totaling $2.7 Billion Over Five Weeks] According to Bloomberg, BlackRock's iShares Bitcoin Trust (IBIT) has set a record for the longest consecutive weeks of fund outflows since its launch in January 2024. This indicates that institutional interest in Bitcoin remains subdued, even as Bitcoin prices stabilize. Data shows that over the five weeks ending November 28, investors redeemed more than $2.7 billion from the ETF. With an additional $113 million redeemed on Thursday, the ETF is now heading toward its sixth consecutive week of net fund outflows. In a recent report, Glassnode noted that this trend "marks a clear reversal of the sustained inflows that previously supported price increases, reflecting a cooling enthusiasm for allocating new capital to this asset."