Bitcoin Updates: Bitcoin ETF Withdrawals Indicate a Maturing Crypto Market as Investors Move Toward Altcoins
- BlackRock's IBIT recorded $523M outflow on Nov 18, its largest since launch, as Bitcoin dropped below $90K. - Institutional investors rebalance Bitcoin holdings amid Fed uncertainty and government shutdown risks. - Ethereum ETFs face redemptions, while altcoin ETFs like Solana see sustained inflows. - Analysts remain cautiously optimistic, viewing short-term selling as temporary.
BlackRock's
This turbulence highlights increasing caution among institutional investors amid macroeconomic uncertainty, such as ambiguity around the Federal Reserve’s December rate decision and the ongoing U.S. government shutdown
Withdrawals picked up further on November 19, when
Yet, not every crypto ETF was affected. Spot
The recent volatility has pushed Bitcoin’s year-to-date returns into negative territory, fueling worries about a deeper downturn. Still, some experts remain cautiously hopeful. Liu stressed that short-term selling doesn’t undermine the long-term institutional case for Bitcoin, especially since liquidity could return if the government reopens and the Fed’s stance becomes clearer
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