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Bitcoin News Today: November Sees Unprecedented Bitcoin Withdrawals from ETFs Despite 41% Traditional Rally Pattern

Bitcoin News Today: November Sees Unprecedented Bitcoin Withdrawals from ETFs Despite 41% Traditional Rally Pattern

Bitget-RWA2025/11/21 09:30
By:Bitget-RWA

- BlackRock's IBIT led November's record $2.47B ETF outflows, accounting for 63% of total Bitcoin fund redemptions amid falling prices. - Bitcoin dropped 27% from October highs as macroeconomic uncertainty and profit-taking drove $3.79B in monthly ETF withdrawals. - November's $3.79B outflows shattered February's record, defying historical 41% rally trends as institutional investors shifted to equities. - Analysts warn of prolonged downturn risks after BTC broke below 50-week averages, with bearish bets ri

BlackRock's

ETF, known as the (IBIT), experienced unprecedented outflows in November, with net withdrawals exceeding $2.47 billion. This contributed to a record-setting $3.79 billion in total redemptions from U.S. spot Bitcoin ETFs during the month. Data from Farside Investors and other industry sources for these funds, surpassing the previous high of $3.56 billion in outflows set in February.

The iShares Bitcoin Trust was the primary driver of these withdrawals, making up 63% of the total, or $2.47 billion, as investors exited the fund en masse. IBIT saw

on November 19, the highest since its launch in January 2024. Fidelity's (FBTC) was the next largest contributor, with $1.09 billion withdrawn in November. Combined, and Fidelity were responsible for .

Bitcoin News Today: November Sees Unprecedented Bitcoin Withdrawals from ETFs Despite 41% Traditional Rally Pattern image 0

This wave of outflows coincided with a steep drop in Bitcoin's price, which

— its lowest in seven months, according to CoinGecko. The decline occurred amid a broader market selloff, with U.S. spot Bitcoin ETFs seeing $903 million in outflows on November 20 alone, since these products launched. Analysts attribute the withdrawals to waning confidence in Federal Reserve rate cuts, negative technical signals, and changing institutional strategies.

"November has turned out to be the weakest period for ETF flows, even though the month usually sees a Bitcoin rally,"

of digital assets research, Geoff Kendrick, who pointed out that ETF inflows had previously fueled Bitcoin's 2025 momentum. Meanwhile, sophisticated traders have increased their short positions, within a 24-hour period, according to blockchain analytics.

This selloff stands in contrast to Bitcoin's typical November trend,

, according to CoinGlass. However, the current market reflects rising macroeconomic uncertainty and institutional profit-taking. "The outflows suggest a risk-off approach as major investors secure profits before year-end," , a crypto analyst at BTC Markets.

The recent correction in Bitcoin's price has also raised questions about the strength of the ongoing bull market.

that Bitcoin's 27% drop from its October peak of $126,199 and its fall below the 50-week moving average could signal a longer downturn. At the same time, BlackRock's broader portfolio changes — moving toward U.S. stocks and favoring value and momentum equities — suggest a wider shift of capital away from crypto assets.

The historic outflows highlight fragile market confidence,

may be ahead. "Unless macroeconomic or geopolitical events spark a rebound, the path of least resistance remains downward," QCP Capital's report stated. For now, Bitcoin ETFs are in a vulnerable spot, with November's withdrawals reshaping expectations for year-end investment trends.

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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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