Bitcoin Updates: ETF Outflows Push Bitcoin to Lowest Point in Seven Months Amid Market Turmoil

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Bitcoin Updates: ETF Outflows Push Bitcoin to Lowest Point in Seven Months Amid Market Turmoil

Bitget-RWA2025/11/21 18:30

By:Bitget-RWA

- Bitcoin fell below $83,400, its lowest in seven months, as U.S. spot ETFs saw $3.79B in November outflows, led by BlackRock’s $2.47B loss. - Record $903M single-day ETF redemptions accelerated crypto and equity market selloffs, with Nvidia and crypto stocks dropping sharply. - Ethereum ETFs lost $1.79B, while altcoin funds like Bitwise’s XRP gained $105M, reflecting shifting investor preferences amid liquidity concerns. - Analysts attribute the selloff to macroeconomic uncertainty and delayed Fed rate cu

On Friday, Bitcoin dropped to its lowest point in seven months, falling below $83,400 as U.S. spot

Bitcoin

exchange-traded funds (ETFs) experienced unprecedented outflows, indicating a significant change in investor mood. The 11 spot Bitcoin ETFs listed in the U.S. have together seen $3.79 billion withdrawn in November, marking the highest monthly outflow since their launch in January 2024,

surpassing the previous record of $3.56 billion set in February

. This wave of withdrawals has intensified a wider selloff across

crypto

and stock markets,

with Bitcoin now trading at values

not seen since April 2025.

The majority of these outflows have come from the largest ETFs. BlackRock’s IBIT, which leads the sector with assets exceeding $72 billion,

was responsible for 63% of November’s total withdrawals

, losing $2.47 billion so far this month. Fidelity’s FBTC was next, with $1.09 billion in redemptions. On Thursday alone, U.S. spot Bitcoin ETFs recorded

a record $903 million in net outflows

—the second-highest single-day exit since their inception. Experts attribute these withdrawals to a mix of economic uncertainty, reduced liquidity, and worries about a postponed Federal Reserve rate cut.

Bitcoin Updates: ETF Outflows Push Bitcoin to Lowest Point in Seven Months Amid Market Turmoil image 0

This selloff has extended to other markets as well.

Nvidia’s shares dropped 3.15% after its third-quarter results

showed accounts receivable rising to $33.4 billion, unsettling stock investors and prompting a move away from risk. The S&P 500 and Nasdaq Composite fell by 1.56% and 2.15%, respectively, while crypto-related stocks such as Coinbase and BitMine suffered even sharper losses

based on market assessments

. “When major tech firms falter, liquidity dries up everywhere, and Bitcoin is affected,” said Rachael Lucas, a crypto analyst at BTC Markets

as noted in recent updates

Ethereum ETFs have also endured

record monthly outflows of $1.79 billion

. In contrast, newly introduced altcoin ETFs have attracted investments, with Bitwise’s

XRP

fund

bringing in $105 million on its first day

and Solana-focused funds receiving $23.66 million in new capital. This contrast underscores changing investor interests during the downturn.

The ongoing outflows have added to the downward pressure on Bitcoin. After a short-lived recovery on Wednesday, the cryptocurrency

slipped below $86,000 on Thursday

and continued to fall on Friday. This decline has brought Bitcoin close to $80,000—

a price last reached in April 2025

—raising alarms about potential further losses. Analysts emphasize that the current selloff is more about short-term caution than a fundamental change. “Institutions aren’t abandoning the market; they’re just adjusting their positions,” Lucas explained,

referencing total ETF inflows of $57.4 billion

so far this year.

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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- BlackRock transferred $642M in BTC/ETH to Coinbase Prime, sparking fears of coordinated crypto sell-offs amid prolonged price declines. - Record $523M IBIT outflow and $903M Bitcoin ETF exodus signal institutional profit-taking, with risk-averse positioning accelerating market downturn. - On-chain data reveals BlackRock's Ethereum accumulation halt, contrasting prior aggressive buying, while retail investors offload 0.36% BTC/XRP holdings. - Analysts debate bear market vs. temporary correction, noting Bi

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