Bitcoin News Today: Bitcoin ETFs Bleed $492M as Institutions Triple Down

Bitcoin's recent market dynamics have presented a mixed bag for investors, with sharp outflows from U.S. spot Bitcoin ETFs contrasting against institutional bullishness from major universities. On November 15, the 11 spot Bitcoin ETFs collectively saw a net outflow of $492 million, led by BlackRock's IBIT shedding $4.6 billion in assets. This followed a turbulent week for the cryptocurrency, which dipped below $95,000 after starting at $107,000, amid broader market volatility. Despite the short-term sell-off, institutional investors like Harvard University and Emory University have continued to expand their Bitcoin exposure through ETFs, signaling a long-term strategic bet on the asset class.

Harvard's endowment tripled its position in BlackRock's IBIT, holding 6.8 million shares valued at $442.8 million as of September 30. This marked a 257% increase from its previous quarter, making IBIT Harvard's largest U.S. holding and accounting for 0.6% of its $56.9 billion endowment. Emory University also bolstered its Bitcoin holdings, increasing its stake in Grayscale's Bitcoin Mini Trust by 91% to 1 million shares, valued at $52 million. These moves highlight a growing trend among institutions to adopt Bitcoin through regulated ETF structures, even as retail and corporate investors have pulled back in recent weeks.

Meanwhile, the energy sector has seen its own flurry of activity. Emera Incorporated (TSE: EMA), a North American utility giant, faced mixed analyst sentiment, as Raymond James trimmed its FY2025 EPS estimate to $3.56 from $3.58 while maintaining an "Outperform" rating and a C$73 price target. Other firms, including RBC Capital and TD Securities, raised their price targets, with RBC setting a C$76 goal and TD Securities at C$74. The MarketBeat consensus pegs the stock at a "Moderate Buy" with a C$66.42 target, reflecting optimism about the company's $20 billion five-year capital plan unveiled in Q3 2025, which focuses on grid modernization in Florida.

Emera's Q3 results showed adjusted net income of $263 million, driven by strong performance at Tampa Electric, though Nova Scotia Power and New Mexico Gas Company faced challenges. Insider selling has also raised eyebrows, with corporate insiders offloading 49,494 shares worth $3.21 million over 90 days, now owning just 0.09% of the stock. Analysts remain divided, with six Buy ratings versus five Holds, but RBC Capital's Maurice Choy reiterated a Buy rating with a C$76 price target, citing the company's strategic investments and regulatory clarity.

The juxtaposition of Bitcoin's short-term turbulence and institutional confidence, alongside Emera's strategic capital plans and mixed earnings outlook, underscores the complexity of today's markets. While ETF outflows suggest near-term caution, long-term holders and institutional buyers continue to bet on Bitcoin's potential. For utilities like Emera, the focus remains on infrastructure growth and regulatory alignment, positioning them as key players in a shifting energy landscape.