BlackRock's iShares Bitcoin Trust (IBIT) recorded an outflow of approximately $105 million on November 5, 2026. It was the fund's fifth consecutive day of withdrawals. Outflows over the five-day period totaled more than $1 billion.
The withdrawals coincided with a broader market downturn. U.S. spot Bitcoin ETFs collectively saw outflows of more than $430 million.
During the same period, Bitcoin fell from above $80,000 to below $76,000. The tech-heavy Nasdaq Composite also fell sharply.
Market analysts view the sustained outflows from a major fund like IBIT as a sign of growing caution among institutional investors. The trend has reinforced bearish sentiment as traders watch for signs that institutional demand is stabilizing.