BlackRock’s spot Bitcoin exchange-traded fund recorded another major withdrawal as Bitcoin struggled to recover from its latest market decline. According to SoSoValue data, BlackRock’s iShares Bitcoin Trust (IBIT) registered $104.97 million in net outflows on November 5. The withdrawal marked the fund’s fourth negative trading session this week, reflecting sustained selling pressure among investors. Meanwhile, Bitcoin dropped more than 5% within 24 hours, pushing its price below $76,000 amid broader cryptocurrency market weakness.