BlackRock’s iShares Bitcoin Trust, better known by its ticker IBIT, saw roughly $527.8 million walk out the door on November 18. That’s the largest single-day net outflow in the fund’s history, surpassing the previous record of $463 million set just four days earlier on November 14.
A brutal November for IBIT
The record outflow was part of a five-day redemption streak that collectively exceeded $1.4 billion. November 2025 is shaping up to be IBIT’s worst month for outflows since the fund launched in January 2024, with cumulative withdrawals surpassing $2 billion for the month.
The outflows were driven entirely by investor redemptions. BlackRock didn’t decide to lighten its Bitcoin position. Its clients did.
The timing lines up neatly with a broader Bitcoin price decline, as the cryptocurrency slipped below the $90,000 to $93,000 range.
