Bitcoin News Today: Bitcoin ETFs Bleed $1.9B as Altcoin Rivals Attract $420M in 16 Days

Bitcoin ETFs Face Fourth Consecutive Day of Outflows as Investors Rebalance Portfolios

Bitcoin spot exchange-traded funds (ETFs) in the U.S. recorded a net outflow of $220.1 million on November 18, marking the fourth straight day of withdrawals, according to Farside Investors. The selloff extended broader market jitters, with BlackRock's IBIT-the largest Bitcoin ETF by assets-posting $145.6 million in redemptions, while ARKB saw $29.7 million exit. Cumulative outflows across the 11 U.S. spot Bitcoin ETFs have surpassed $1.9 billion over the past four days, signaling a shift in institutional risk appetite.

The exodus intensified as Bitcoin's price fell below $90,000, hitting a seven-month low of $89,204, according to CoinGecko. Analysts attribute the trend to macroeconomic headwinds, including the U.S. government shutdown, which has tightened liquidity, and fading hopes for a December Federal Reserve rate cut. "Institutions are trimming exposure amid volatility and waiting for clearer signals," said Nick Ruck, director at LVRG Research according to reports.

Ethereum ETFs also faced pressure, with $182.8 million in outflows on November 18. BlackRock's ETHA led the decline, losing $193 million, though Grayscale's ETHE and ETH funds partially offset the trend with $13 million in inflows according to data. Meanwhile, altcoin ETFs bucked the trend, with Solana, XRP, and Litecoin funds attracting inflows. Canary Capital's XRP ETF alone drew $25.41 million on November 17 according to reports, reflecting a rotation toward assets with clearer regulatory paths and staking yields.

BlackRock's IBIT endured its worst day on record on November 19, with a net outflow of $523.15 million. The fund has now lost $1.43 billion over five consecutive days, despite managing $72.76 billion in net assets according to analysis. The selloff mirrored Bitcoin's price action, which fell below $90,000 earlier this week after peaking at $126,080 in October. Vincent Liu of Kronos Research noted that the outflows reflect "institutional recalibration rather than capitulation," as investors adjust portfolios ahead of potential macroeconomic clarity.

Market-wide, U.S. spot Bitcoin ETFs have lost $3.56 billion in November-on track to surpass February's record outflows of $3.43 billion. However, cumulative net inflows remain at $58.6 billion, with total net assets at $121 billion, representing 6.6% of all Bitcoin in circulation. Analysts caution that sustained outflows could deepen the correction, with Bitcoin potentially testing $85,000 levels.

The divergence between blue-chip and altcoin ETF flows highlights shifting investor priorities. While Bitcoin and Ethereum ETFs face selling pressure, newly launched Solana and XRP funds have attracted $420 million in inflows over 16 consecutive days. "Altcoin ETFs are gaining traction by offering yield and regulatory clarity," said Rachael Lucas of BTC Markets according to reports.

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