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Bitcoin News Today: Bitcoin ETFs See $2.96B Withdrawals as Investors Seek Greater Macro Certainty

Bitcoin News Today: Bitcoin ETFs See $2.96B Withdrawals as Investors Seek Greater Macro Certainty

Bitget-RWA2025/11/21 17:00
By:Bitget-RWA

Bitcoin ETFs, once seen as a pillar of optimism in the crypto sector,

, as investors grow more cautious. In November 2025, U.S. spot ETFs saw an extraordinary $903 million withdrawn, with BlackRock’s (IBIT) alone facing a record $523 million outflow in a single day on November 19. This represents the largest withdrawal since the ETF’s launch in January 2024, highlighting a broader move by both institutional and retail investors to reduce risk amid turbulent markets .

The pace of withdrawals picked up toward the end of November, with BlackRock’s

leading the trend. The ETF’s price dropped by 16% to $52, a level not seen since April 2025, as traders increasingly used put options to guard against further losses. at 3.1%, reflecting a pessimistic outlook. Total outflows for the month hit $2.96 billion, . Fidelity’s FBTC and other major funds also saw withdrawals, but .

The

ETF market did not fare any better. BlackRock’s ETHA led Ethereum ETF outflows, losing $421.4 million in a single week, while Grayscale’s ETHE experienced a $121.8 million reduction. , with no significant inflows to offset the losses. , as both Bitcoin and prices pulled back from their late-October peaks. , its lowest in seven months, while ether dropped below $3,000, fueling concerns about further declines.

Market observers cite a combination of profit-taking and uncertainty in the broader economy.

that institutions are adjusting their portfolios rather than making a complete exit, waiting for clearer economic signals. “Major asset managers are reducing risk and evaluating entry points,” he explained. that inflows before October remain a solid foundation, indicating the sector’s underlying strength despite the recent downturn.

Technical analysis supports the negative sentiment. Bitcoin’s relative strength index (RSI) neared oversold levels, and blockchain data showed significant selling from long-term holders.

to 15 out of 100, its lowest point this year—a level that has often preceded rebounds in the past. Still, some analysts warn that concerns over quantum computing and regulatory changes could extend the downturn.

The wave of outflows has also influenced the wider market.

within a day, with long positions accounting for $703 million of those losses. on the future. Some believe current prices offer attractive buying opportunities, while others caution that institutional hesitancy may delay a rebound until there is more certainty in the economic outlook.

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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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