Bitcoin News Today: Bitcoin ETFs Suffer $2.96B Outflows as Investors Await Macro Clarity

Bitcoin ETFs, once a cornerstone of crypto market optimism, are now facing a wave of redemptions as investor sentiment turns cautious. U.S. spot Bitcoin ETFs recorded a staggering $903 million outflow in November 2025, with BlackRock's iShares Bitcoin Trust (IBIT) alone seeing a record $523 million single-day withdrawal on November 19. This marks the largest outflow since the product's launch in January 2024 and underscores a broader trend of institutional and retail investors scaling back exposure amid market volatility according to Coindesk reporting.

The selloff accelerated in late November, with BlackRock's IBIT leading the exodus. The ETF's share price dropped 16% to $52, a level last seen in April 2025, as traders increasingly hedged against further declines using put options. The 250-day put-call skew for IBIT options hit a seven-month high of 3.1%, indicating bearish sentiment. Cumulative outflows for the month reached $2.96 billion, making it the second-worst month for Bitcoin ETFs since their debut. Fidelity's FBTC and other major players also faced withdrawals, though BlackRock accounted for over 70% of the total outflows.

The Ethereum ETF sector fared no better. BlackRock's ETHA led Ethereum-related outflows, shedding $421.4 million in a week, while Grayscale's ETHE saw a $121.8 million pullback. Total Ethereum ETF outflows for the same period reached $728.3 million, with no major inflows reported. Analysts attribute the trend to a post-October correction, as Bitcoin and ether prices retreated from late-October highs. Bitcoin's price slid to $86,300, a seven-month low, while ether dipped below $3,000, raising concerns about further downside.

Market participants point to a mix of profit-taking and macroeconomic uncertainty. Vincent Liu, IT Director at Kronos Research, noted that institutional investors are rebalancing portfolios rather than exiting entirely, awaiting clearer macroeconomic signals. "Large asset managers are tightening risk exposure and testing entry points," he said. Meanwhile, Bloomberg Intelligence's Eric Balchunas highlighted that pre-October inflows remain a strong baseline, suggesting the sector's resilience despite recent losses.

Technical indicators reinforce the bearish narrative. Bitcoin's relative strength index (RSI) approached oversold territory, and on-chain data revealed heavy selling pressure from long-term holders. The CoinMarketCap Fear and Greed Index plummeted to a yearly low of 15/100, a level historically followed by rebounds. However, some analysts caution that quantum computing fears and regulatory uncertainties could prolong the slump.

The outflows have also impacted broader market dynamics. Over $910 million in leveraged positions were liquidated in 24 hours, with long traders accounting for $703 million of the losses. Despite these pressures, experts remain divided on the long-term outlook. While some see buying opportunities at current levels, others warn that institutional caution could delay a recovery until clearer macroeconomic signals emerge.