According to Foresight News, Bloomberg reports that BlackRock’s iShares Bitcoin Trust Fund has seen its longest streak of weekly withdrawals since its launch in January 2024. Despite stable Bitcoin prices, institutional demand for BTC remains subdued. Data compiled by Bloomberg indicates that over $2.7 billion has been withdrawn from the exchange-traded fund (ETF) over the five weeks leading up to November 28. On Thursday, an additional $113 million was redeemed, suggesting the ETF is heading towards a sixth consecutive week of net outflows.
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