Bitcoin News Today: Bitcoin ETFs Bleed $2B Amid Institutional Exodus as Solana Defies Downturn

BlackRock clients offloaded $127 million from the firm's Bitcoin ETF on Friday, marking another significant outflow from the asset manager's cryptocurrency holdings, according to CryptoBriefing. This follows a broader trend of institutional redemptions, with Bitcoin ETFs collectively recording $577.74 million in outflows on Nov. 4 alone, Blockonomi reported. The exodus has intensified pressure on Bitcoin, which fell below $100,000 for the first time in months, according to Crypto.News, while Ethereum retreated further as traders de-risked positions, per Finbold.

The outflows stem from both BlackRock's spot Bitcoin and Ethereum ETFs, with $186.5 million exiting its Bitcoin fund and $192.8 million pulled from its Ethereum product since the start of the week, Finbold reported. These movements align with a five-day outflow streak for Bitcoin ETFs, totaling nearly $2 billion, Crypto.News noted, and a parallel $719 million decline in Ethereum-linked funds, according to Cointelegraph. The sell-off reflects a defensive shift in institutional sentiment amid prolonged volatility, driven by uncertainty over Federal Reserve policy, elevated interest rates, and geopolitical tensions, Finbold added.

Bitcoin's price slump has been exacerbated by leveraged position unwinds and liquidations, compounding losses for investors, Finbold reported. Despite a brief resumption of inflows on Nov. 6—led by BlackRock's IBIT with $112 million in new capital—the asset remains near $100,000, down over 9% for the week, according to BeInCrypto. Ethereum ETFs also saw mixed results, with Grayscale's GBTC posting a $48.89 million outflow amid a 5.54% price drop, Blockonomi reported.

In contrast, Solana ETFs defied the downturn, posting $14.83 million in net inflows for their sixth consecutive day of gains, according to Cointelegraph. Analysts attribute this divergence to Solana's "speed, staking, and narrative appeal" in a risk-off environment, Cointelegraph added. Meanwhile, JPMorgan increased its holdings in BlackRock's IBIT by 64%, adding 2.067 million shares valued at $343 million, as reported by Crypto.News. The bank has also expressed a bullish outlook, projecting Bitcoin could reach $170,000 within 12 months, according to Yahoo Finance.

The market's instability has spurred regulatory and institutional scrutiny. BlackRock's upcoming launch of an iShares Bitcoin ETF on the Australian Securities Exchange in mid-November 2025, NewsBTC reported, could further normalize crypto exposure, though liquidity and pricing dynamics will remain critical for retail investors. For now, the ETF bleed persists, with analysts warning that without a catalyst to restore confidence, momentum-driven assets like Bitcoin and Ethereum may face continued pressure, Finbold warned.