Bitcoin News Today: Bitcoin ETFs Bleed $1.1 Billion While Harvard and Emory Buy the Dip

U.S. Bitcoin Spot ETFs Face $1.1 Billion Weekly Outflows Amid Market Volatility

According to SoSoValue data

The U.S. Bitcoin spot ETF market experienced a net outflow of $1.1 billion during the week of November 10–14, marking the third consecutive week of withdrawals and the fourth-largest weekly outflow on record. The exodus, driven by macroeconomic uncertainty and a broader risk-off sentiment, saw BlackRock's IBIT-the largest Bitcoin ETF-shed $532.4 million alone, according to SoSoValue data.

The outflows highlight a shift in investor behavior after months of strong inflows into crypto-backed exchange-traded products. BlackRock, Fidelity, and Grayscale led the withdrawals, with IBIT, FBTC, and GBTC collectively accounting for over $750 million in redemptions. Meanwhile, institutional buyers such as Harvard and Emory universities continued to expand their Bitcoin ETF holdings despite the selloff. Harvard's endowment nearly tripled its position in IBIT to 6.8 million shares, valued at $442.8 million, while Emory increased its stake in Grayscale's Bitcoin Mini Trust by 91% according to reports.

The market's broader sentiment turned sharply bearish, with the Fear and Greed Index plummeting to 10-its lowest level since the March 2020 market crash-amid heightened volatility and declining prices. Bitcoin's price dropped nearly 25% from its October all-time high to $95,647, while the cryptocurrency market's total capitalization fell to $3.35 trillion. Short-term holders now hold 2.8 million BTC at a loss, the highest level since the FTX collapse in late 2022.

The outflows accelerated amid a lack of immediate macroeconomic catalysts, with analysts pointing to fading ETF inflows and reduced exposure from long-term holders as key factors. "The market is going down, and ETF outflows are a natural consequence," said Nansen's Nicolai Sondergaard. The exodus also extended to Ethereum and Solana ETFs, though the latter bucked the trend with $12 million in inflows over 13 consecutive days.

Despite the selloff, some experts view the volatility as a potential buying opportunity. "Long-term investors might see this as an accumulation chance," said zondacrypto's Przemysław Kral, though he warned of thin weekend liquidity. Harvard's increased ETF holdings underscored institutional confidence, with Bloomberg ETF analyst Eric Balchunas noting that even a 0.6% allocation in a $57 billion endowment "validates" the product according to reports.

The ETF rout coincided with a $3.2 billion three-week outflow from digital asset products, the worst since February. U.S. funds accounted for 97% of the redemptions, while Germany's modest inflows highlighted regional divergences according to reports. Market participants now await Federal Reserve policy decisions, with only 45.9% of investors expecting a December rate cut amid declining crypto sentiment according to analysis.