BlackRock Bitcoin ETF Records $1.26 Billion in November Outflows as Hedging Costs Rise

BlackRock's spot Bitcoin exchange-traded fund experienced $1.26 billion in net redemptions during November 2025, marking its largest monthly outflow since launching in January 2024. The fund's share price dropped over 16% to $52, the lowest level since late April 2024. Institutional investors withdrew capital amid fiscal uncertainty and elevated interest rate expectations, according to MarketChameleon data.