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Bitcoin News Today: Bitcoin ETFs See $1.1B Outflow, While New Investments Flow Into XRP and Solana Funds

Bitcoin News Today: Bitcoin ETFs See $1.1B Outflow, While New Investments Flow Into XRP and Solana Funds

Bitget-RWA2025/11/17 07:52
By:Bitget-RWA

- U.S. Bitcoin ETFs lost $1.11B in three weeks, with BlackRock's IBIT and Grayscale's BTC leading outflows amid Bitcoin's six-month low at $95,200. - Analysts link redemptions to macroeconomic uncertainty and profit-taking after October's $126,000 rally, while Harvard tripled its IBIT holdings to $442.8M. - XRP and Solana ETFs attracted $255M in new capital, highlighting crypto diversification as Ethereum ETFs also faced $259M in single-day outflows. - Market debates Bitcoin's $94,000 support level amid th

U.S. spot

exchange-traded funds (ETFs) saw unprecedented outflows totaling $1.11 billion for the week ending November 14. This marked the third week in a row of net redemptions, heightening worries about declining institutional interest. BlackRock’s IBIT accounted for the largest portion, with $532.41 million withdrawn, while Grayscale’s Bitcoin Mini Trust (BTC) experienced nearly $290 million in outflows, . These withdrawals occurred as Bitcoin’s value dropped to a six-month low of $95,200, wiping out gains from earlier in the year .
Bitcoin News Today: Bitcoin ETFs See $1.1B Outflow, While New Investments Flow Into XRP and Solana Funds image 0
This visual pattern further illustrates the connection between investor confidence and price changes.

The sell-off intensified on November 13, when Bitcoin ETFs registered their second-highest single-day outflow of $869 million since launching in January 2024

. Fidelity’s FBTC and Grayscale’s BTC reported redemptions of $120 million and $64 million, respectively, amid heightened market turbulence . The total assets managed by Bitcoin ETFs have now dropped to $125.34 billion, which is 6.67% of the cryptocurrency’s overall market value . Experts attribute the recent withdrawals to a mix of macroeconomic uncertainty—especially concerns about delays in Federal Reserve rate cuts—and investors taking profits after Bitcoin’s October surge to $126,000 .

Simon Gerovich, CEO of Japanese Bitcoin treasury company Metaplanet, stated that ETFs do not necessarily diminish the attractiveness of holding Bitcoin directly. “ETFs offer passive exposure—your BTC position remains unchanged unless there are new inflows,” he posted on X, disputing the idea that ETFs are a threat to treasury firms

. Przemysław Kral, CEO of European crypto platform zondacrypto, cautioned that low weekend liquidity could amplify price volatility, but pointed out that long-term investors might benefit from lower prices .

As Bitcoin ETFs face outflows, new crypto investment products are attracting funds. The launch of the first U.S. XRP ETF on November 13 brought in $243 million,

. (SOL) ETFs also continued to see positive inflows, . These trends point to a broader diversification in crypto investment options, with 21Shares and Canary Capital introducing funds focused on multiple coins and memecoins .

Some institutions are still increasing their exposure. Harvard University tripled its investment in BlackRock’s IBIT,

as of September 30. Bloomberg’s Eric Balchunas described this as “just 1% of Harvard’s total endowment,” despite recent volatility. Meanwhile, ETFs continued to see outflows, — the largest single-day outflow since early November. A visual chart of Bitcoin’s price action will help assess the extent and possible reversal of the current downward trend.

The technical picture for the market remains uncertain. Bitcoin’s decline below $94,000—a level last seen in May—has

. Traders are monitoring key support levels and broader economic developments, such as the resolution of the U.S. government shutdown, for signals on future direction .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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