You can fix Failed to open the BitLocker Control Panel Tool, Error Code 0x80004005 in Windows 11/10 using these proven solutions.

You can suspend BitLocker protection in the OS. If you do that it should let you pull the drive out/put a new drive in without issue. Control Panel - Bitlocker - Suspend.

This post explains why BitLocker might be missing or not showing in Control Panel on your Windows 11/10 and the steps you can take to resolve the issue.