✨Bitcoin ETF Outflows in November: $3.48 Billion Release and Market Signals

US-based Bitcoin ETFs experienced a record $3.48 billion in net outflows in November 2025, marking their second-worst month on record. This figure, which comes on the heels of a record $3.56 billion in February 2025, reflects a sharp shift in institutional investors' risk appetite. The outflows recorded throughout the month parallel Bitcoin's 30% decline from its October peak of $126,000; BTC is currently struggling to hold around $90,000. While ETFs' total assets exceeded $119 billion during this period, giants like BlackRock's IBIT fund lost more than $2.2 billion—the fund's worst monthly performance since its launch.

November was notable not only for its monthly totals but also for its single-day outflows. Massive sell-offs of $903 million and $870 million occurred on November 21st and November 13th, respectively, marking the second and third largest single-day outflows in ETF history (following February's $1.14 billion). These outbursts were triggered by macro factors such as the US government shutdown, Trump's tariff policies, and concerns about an AI bubble. Grayscale's GBTC has been steadily bleeding due to its high fees, while rivals like BlackRock and Fidelity have been affected by profit-taking by retail investors. According to analysis shared on the X platform, these "panic" outflows pushed the Bitcoin Fear & Greed Index to 25 (fear) and increased market volatility by 15%.

The market impact was profound: The outflows pushed BTC to the $80,000s and hit Ethereum ETFs with daily losses of $261 million. However, new products like Solana and XRP ETFs contrasted with inflows of $531 million and $410 million, respectively, as investors sought diversification. According to the NYDIG report, the decline in stablecoin supply and corporate treasury sales confirm capital flight. Long-term, ETFs are still holding steady with cumulative inflows of $57 billion; experts emphasize that 97% remain long-term. Historically, heavy outflow months (e.g., the 60% recovery after February) have triggered rallies.

In summary, is November's $3.48 billion outflow a "shakeout" of the corporate revolution—a panic or a shakeout before the December rally? If BTC holds the $83,500 support, the $120,000 target is realistic; otherwise, deeper losses are possible. Investors should monitor the Fed's December meeting and cryptocurrency peaks.

#ETF 🧐