Bitcoin News Today: Bitcoin ETF Exodus Tests Institutional Resolve

Bitcoin ETFs saw their second-largest single-day outflows on record as the crypto market grappled with macroeconomic uncertainty and a sharp selloff in Bitcoin prices. On Nov. 13, spot Bitcoin ETFs lost $866.7 million, surpassing the previous high of $812.3 million set on Aug. 1 but trailing the $1.1 billion outflow recorded on Feb. 25. The exodus accelerated as Bitcoin fell below $100,000, hitting $94,890.52 by Nov. 14-a level not seen since early May 2025. Grayscale's Bitcoin Mini Trust led the redemptions with $318 million, followed by BlackRock's IBIT at $257 million.

The sell-off coincided with shifting expectations around Federal Reserve policy. The resolution of the U.S. government shutdown reduced the likelihood of a December rate cut, prompting investors to rotate into cash, bonds, and gold. Derivatives data showed $190 million in Bitcoin long liquidations, with forced sales triggering further ETF redemptions as institutional risk limits were activated. Meanwhile, the debut of the first U.S. spot XRP ETF on Nov. 13 attracted $58.6 million in inflows, offering a rare bright spot in a broader risk-off environment.

Despite the turbulence, structural integrity in the ETF market remains intact. Total assets under management across Bitcoin ETFs remain above $80 billion, with the $2.6 billion in three-week outflows representing just 3% of holdings. The redemptions align with historical patterns during periods of profit-taking following record highs. ETF holders who accumulated Bitcoin at launch prices saw unrealized gains exceeding 100% during October's rally to $126,000, creating natural pressure to lock in profits as macro sentiment deteriorated.

Institutional appetite for Bitcoin, however, has not vanished entirely. Harvard University's endowment made a rare foray into crypto, committing $443 million to BlackRock's IBIT. The move underscores institutional confidence in Bitcoin's long-term potential despite short-term volatility. Separately, BlackRock's IBIT led November's outflows, recording $523 million in redemptions- the worst single-day performance for any ETF in the product's history.

The broader crypto market reflects extreme fear, with the Fear & Greed Index hitting a 10-point reading - the lowest since late February 2025. Bitcoin's 25% drawdown from October highs has intensified technical concerns, with traders watching whether support at $94,000 holds. XRP, Ethereum, and Solana all saw outflows, though Solana ETFs attracted modest inflows amid a $26.2 million net inflow on Nov. 14.

Amid the selloff, new projects are positioning for growth. FY Energy announced a green energy-powered blockchain computing framework, leveraging 100% renewable energy to address sustainability concerns in digital asset production. Meanwhile, HTX DAO reported a $1.84 billion market cap for its $HTX token, with cumulative burns exceeding 85.88 trillion tokens by Q3 2025.

Bitcoin's path forward hinges on macro stability and technical resilience. Analysts note that extended consolidation or a capitulation bottom could emerge if prices fail to stabilize above key support levels. For now, the market remains in a high-volatility phase, with investors balancing caution against long-term bullish narratives.