iShares Bitcoin BlackRock‘s IBIT Trust (IBIT) saw its largest monthly outflow since its launch. In November, Bitcoin- a total of $2,2 million was withdrawn from the fund.
After a period of steady growth in early and mid-2024, including several months of strong inflows, IBIT’s momentum began to decline in late 2025. While demand had already weakened in October, outflows sharply increased in November, exceeding the billion-dollar mark for the first time.
The graph also shows that previous declines this year were minor compared to the current outflow. The small outflow recorded in the spring and summer now appears insignificant compared to the sharp drop in November, which is much lower than all other indicators on the timeline.
Market analysts note that such a strong wave of selling is often the result of several factors: a combination of profit-taking, macroeconomic caution, and a shift in risk appetite. But regardless of the cause, the data confirms that November was a defining month for IBIT, ending a nearly two-year period of overall growth and marking the most aggressive pullback since its inception.
Total net outflow of funds from 12 Bitcoin-funds raised $3,57 billion in November, a sharp contrast to the strong positive figures of the previous two months: $3,53 billion in September and $3,42 billion in October.