Rewritten Article (Simple, Clear, Conversational Tone)
BlackRock’s iShares Bitcoin Trust has had some rough months — but this past November was the worst of all. And now, the world’s biggest Bitcoin ETF is stuck in a six-week outflow streak that shows investors are pulling their money out fast.
More than $2.7 billion has left the fund in just five weeks up to November 28. Then, on December 4 alone, another $113 million was withdrawn. That’s a huge shift for a fund that was once seen as the bridge between traditional finance and the crypto world.
But today, IBIT looks less like a symbol of big money entering Bitcoin, and more like a sign that interest is cooling off.
As Bitcoin keeps sliding into a bear market and everyday excitement fades, even large institutions — the ones people thought would keep the market stable — seem to be backing away.
IBIT is now facing its longest withdrawal streak since it launched in January 2024. Earlier this year, people were rushing in. Now, they’re rushing out.
Sure, the fund still holds more than $71 billion in assets. But if you look at the trading desks, the mood is far from positive.
Just before Thanksgiving, investors pulled $2.2 billion from the ETF — almost eight times more than the losses in October. It was the worst month the fund has ever had.
And even though Bitcoin has stopped falling for the moment, the money is still leaving. That shows people are shifting to a “play it safe” mindset.
Bitcoin’s price isn’t helping either. At around $88,900, it’s down 8.5% this year. Meanwhile, the S&P 500 has jumped 16% in 2025. According to Bloomberg, this is the first time since 2014 that U.S. stocks have gone up while Bitcoin has dropped.
And the bigger crypto market? It has lost more than $1 trillion in value since early October. Retail traders — who loved the big gains earlier in 2024 — haven’t been able to handle the heavy drop.
Institutional investors can usually wait things out. But this time, even they are choosing to step aside.
What about the idea that a “Trump boom” would save crypto? That didn’t happen either. Bitcoin did touch $126,000 earlier this year, but the crash that followed erased all that hope.
Anthony Scaramucci explained the problem clearly on his podcast. He said Trump launched two meme coins near the election — one for himself and one for Melania. The coins shot up, then crashed, and Trump reportedly took hundreds of millions for himself. Scaramucci believes this move hurt the entire crypto space because it made the industry look more like a target for grift than a place for serious investors.
Meanwhile, Bitcoin is no longer moving with other risk assets. AI stocks are exploding higher. Gold is close to new all-time highs. But Bitcoin is moving in its own direction — and it’s not a good one.
