>BlackRock Inc. is seeing persistent withdrawals from its iShares Bitcoin Trust as investors pulled more than $2.7 billion over five consecutive weeks.>IBIT is facing its longest run of withdrawals since it began trading in January 2024, Bloomberg reported on Friday.>Bloomberg data shows more than $2.7 billion left the fund over the five weeks through Nov. 28, with another $113 million exiting on Thursday.>The steady pullback follows Bitcoin's deeper correction in October, when a rapid liquidation erased more than $1 trillion in cryptocurrency market value.
>>61447495>price went down a heckin' lot recently>this is also weirdly reflected in etf outflowsmind = blown
>>61447495Let it burn!
